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I received an inheritance from a non-resident alien relative who lived in a foreign country. Do I have to report this foreign money even though an inheritance in the United States is not considered "income"?

Only if the total amount you receive is valued at more than $100,000. If so, you must complete Form 3520Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts. This is separate from your income tax return filing requirement and generally will not result in taxable income provided the money is a legitimate gift or bequest.

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IRS Audits & Examinations
IRS Liens, Levies & Seizures
IRS Installment Agreements & Offers in Compromise
Restoring Non-Filers to IRS Compliance
Relief from Joint & Several Liability (“Innocent” Spouse Relief)
Trust Fund Recovery Penalty
Abatement of Civil Penalties
IRS Administrative Appeals
U.S. Tax Court Petitions
Refund Litigation Against IRS in Federal Courts
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IRS Audit Reconsideration
FBAR, FATCA and Offshore Voluntary Disclosure Initiatives

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