Thank you for the reply. I had a follow up question. Let's say you have $100k in a foreign account and you filed fbar and fatca and you plan to move the money in the US this year. If you move $50k to the US bank and left with $50k in the foreign account, for next year tax return, you would file the max ($100k) value and the year after you would file $50k? Also, if you moved all the money leaving $0 in the foreign account, you would no longer file fbar and fatca?
