Remove US Currency Field from the Gift Affidavit and eSign it in minutes

Aug 6th, 2022
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How to Remove US Currency Field from the Gift Affidavit

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hello Internet Jim Bakker here talking to you from sunny Miami I got a question the other day about how if my client has to pay any any taxes in the US for receiving a for inheritance and wanted to make a video to expand on this so if youre a US person and your US citizen you know that you have to report a tax on your worldwide income theres all kinds of informational reporting but you find out theyre going to give you that either get a gift from your uncle who lives in another country or a distribution from a foreign trust because someone passed and its passing to you and its your turn to get distributions and I want to go over how thats taxed in the u.s. so from from both stand points as long as theres no assets in the US and the foreign person was never u.s. person its not subject to any kind of tax in the US theres no tax to pay there are and for more informational disclosures that you need to make but theres no tax that will be calculated so if you receive ten million do

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Currency format Create a table with a field of type Currency. In the lower pane of table design view, set the Format property to Currency. Save the table, and close the database. Open the Windows Control Panel. Go to Regional Options, and change the Currency setting. Open your database again.
A Currency data type has no field size option and is fixed to a Double size up to 4 decimal places. A Number with a field size set to Integer has a different range with no decimal places. A Number with a field size set to Single has a different range up to 6 decimal places.
Open the table in Design View. In the upper section of the design grid, select the Number field you want to format. In the lower section, click the Format property box, and then enter this custom format: A.D. #;# B.C.
Tip: You can also press Ctrl+1 to open the Format Cells dialog box. In the Format Cells dialog box, in the Category list, click Currency or Accounting. In the Symbol box, click the currency symbol that you want. Note: If you want to display a monetary value without a currency symbol, you can click None.

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