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1. there is no requirement to file FBAR for sending money outwards internationally -- if sent to a person or entity. However, if this money rested in a bank account that you own or have signature authority, then to the extent that the balance in the account rises to the FBAR threshold , then yes you needed to file FBAR ( form 114 at FinCen.gov -- generally through BSA e-filing).
2. are you currently a US citizen/Resident ( Green Card )/ Resident for tax purposes ? How about 2016 calendar year and / or years thereafter?
Namaste
pk
1. there is no requirement to file FBAR for sending money outwards internationally -- if sent to a person or entity. However, if this money rested in a bank account that you own or have signature authority, then to the extent that the balance in the account rises to the FBAR threshold , then yes you needed to file FBAR ( form 114 at FinCen.gov -- generally through BSA e-filing).
2. are you currently a US citizen/Resident ( Green Card )/ Resident for tax purposes ? How about 2016 calendar year and / or years thereafter?
Namaste
pk
Thanks for clarifying. Yes both times I was US person (h1b/green card)
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