I have read that:
" You do need to pay tax on wire transfers sent to a foreign bank account, if the transfer exceeds a certain sum. Any amount over $16,000 sent to a foreign bank account is likely to be considered as a taxable gift by the IRS. However, this may not apply if you’re sending to an overseas account in your own name.
Do you know why the wire transfer money webpage says that I would need to pay tax? As I said that wouldn't be a gift to my sister as when I come back to my coutry I will open my own bank account and transfer money to myself.
