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iamerica
16-06-2008, 22:32
I've been teaching here for about 10 months and I'm going back to America soon. I've accumulated over $3,000 (but less - much less - than $10,000) and I'm a bit confused about the customs rules leaving Russia and arriving in America. Do I have to declare the cash in both places? Will either government try to take it? Do I pay any tax on it?

Any clarification would be much appreciated.

Natkin
16-06-2008, 22:36
Taking out less then 10K USD don`t need tax approval. But you need to declare cash if it is more then 3k USD.

Have no idea about US rules, though.

iamerica
16-06-2008, 23:03
Thanks for the info, but what exactly does "declare" mean? Will they make me count my money or anything like that? Or do I just write it on a form that they keep for reference? I have a valid work visa, so they know I'm earning money while I'm here.

Natkin
16-06-2008, 23:05
You write a paper, and they may ask you to show them your cash to check. No need to worry, they just want to confirm that it is less then 10k.

Natkin
16-06-2008, 23:07
Oh, and if I remember correctly, you have to show bank certificate for buying USD in a bank for the amount over 3k. Means if you travel with 5k, you need to have bank paper for 2k.

iamerica
16-06-2008, 23:21
Do you mean the receipt from when I changed rubles into dollars?

Thanks again for the help, I'm just a bit paranoid.

Natkin
16-06-2008, 23:25
To cure your paranoia just buy travel checks for the whole sum you have.

iamerica
19-06-2008, 23:33
Are you sure that traveler's checks aren't subject to the same restrictions as cash? I've found conflicting information online.

Thanks again :)

BeachBum
08-07-2008, 18:38
I've been teaching here for about 10 months and I'm going back to America soon. I've accumulated over $3,000 (but less - much less - than $10,000) and I'm a bit confused about the customs rules leaving Russia and arriving in America. Do I have to declare the cash in both places? Will either government try to take it? Do I pay any tax on it?

Any clarification would be much appreciated.
May I offer simple advice. Convery it all to plastic!! Meaning: open up a bank account at any of the many banks in moscow. then get a Visa electron card. withdraw the money in the states. NO problem mon! )

RRM
08-07-2008, 18:53
In the US you have to declare how much you are bringing cash in if it is over $10,000.

BeachBum
09-07-2008, 08:47
In the US you have to declare how much you are bringing cash in if it is over $10,000.
Excatly why it is better then to use the ATM card method. The IRS doesnt track bank transfers. Other departments (DHS ) do but they dont report to the IRS.

RRM
09-07-2008, 11:31
For small amounts, they dont bother. I think if you were withdrawing 1000's of dollars from overseas quite frequently, that will show up as a red flag. Even the $10000 limit is not really a limit, you just have to declare it that is all. As long as you are honest they dont bother.

Excatly why it is better then to use the ATM card method. The IRS doesnt track bank transfers. Other departments (DHS ) do but they dont report to the IRS.