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Get your taxes done using TurboTax
Yes, I am a resident Alien for tax purpose. My country of origin is France. I declare my foreign bank account every year but as there has always been less than 10,000USD on it, I never had to fill a FBAR report.
I'd like to transfer > 10,000USD on my foreign account, coming from my savings in the US. I wonder if I have to pay taxes on the transfer, and if so how much and how declaring it. I read that US banks always notify the IRS for transactions higher than 10,000 USD, I want to be sure that I do not make any mistake.
‎December 3, 2019
8:17 PM