and have a good excuse once IRS audit in the end of the year. If you have a good reason, you'll be fine. Gift of 10K is taxable in the US, but only apply to the giver. Since your parents are outside of the US, you and them are not liable for any income tax. But bank will report the transaction to the IRS and just be prepared. Remember to wire the money, DON'T carry the cash in. There are complications if you do.