Dear Tax Experts,
I have the similar situation. Last year I sent about $17,000 to my family (15K to brother and ~2K to a friend) account. This amount never deposited to my own account. Also, all amounts were sent in parts e.g. $1000 or $2500 (depending upon my saving). Further, this amount was used by my family/friend for home repair or personal use.
As you mentioned:
1. I do not have a financial interest in my Brother's account or signature authority.
2. I have an account overseas but it has less than $400 amount and I am not using this account since 2 years.
Please let me know if I need to file FBAR in my situation. Many thanks for your time and advise!
