I live in the US, California. My relatives who live abroad wish to give me a little income as gift. Wondering how most I can embrace but profitable income tax. Also, when the income is transfered to my comment do I need to fill out any form and contention to IRS?

My in-laws from Korea have been formulation on sending, my father and I, income from Korea to squeeze a house. They have been formulation on promulgation around $100,000. Will we have to compensate taxes on it, and if so how much? I think which my in-laws will have to compensate a taxation on it for promulgation income from Korea, but I was wondering if we will be taxed on it as well.