If you are US citizens you are expected to report all income from all sources. Once you are considered non-resident then there is an exemption threshold - I think somewhere in the region of US$70K per year.
Troy, You can return with any amount of money but you must declare anything over $10,000. US citizens are subject to income tax on money earned outside the US. This is how I understand the law to be.
If I follow you - you're saying that if i return with less than 10K it then becomes my responsibility to report that income to the IRS since customs wont require me to report it?
Troy, If there is a record of a tranaction, be it customs or bank record you should be able to explain the transaction to the IRS if asked. If you can't, good luck.
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