My friend plans to wire transfer $$$ from China to my US bank account supporting his living here. I saw some conflicting messages about limit of wire transfer. Is $100K per year the limit without reporting IRS? If any IRS report is needed, is it FORM 8300 (limit is $10K though)? My case is not business or trade in nature. Any other tax consequence to me, besides the interest tax? My bank teller does not know any specific rules. Can some expert clarify? Many thanks.