@ZeroNullVoid ,
1. There is no direct limit on transferring money from your US account to your foreign account. However, any amount more that US$10,000 will generally being flagged by the bank with a SAR --- it does not mean anything and finally may go nowhere.
2. Any foreign bank account (s) (owned singly or jointly or having signature authority but no financial interest) comes under FBAR regulations. You would have to file treasury form 114 ( online a BSA e-file or FinCen.gov ) if the account balance is 10,000 on the last day of the year or crossed 15,000 at anytime during the year. If you have multiple accounts then it is the sum of all the accounts. This is not a tax event but files for not reporting is pretty high per account. The safest route is to file the form even when in doubt ( your foreign bank would report the ownership anyways )
3. A car is a personal asset and transferring money to buy is not a tax event. The only time you have report the transaction is if you plan to use the asset as an income property ( and not personal property). If you make a gift of the asset to another then there is a requirement to report that if the value is more than the free amount --- this changes every year but currently frozen at 15,000. This amount is per donor and per donee -- thus if you file a joint return with your spouse then you each can donate $15000 to your father ( a total of $30,000 ) and same for your mother --- thus donating $60,000 to your parents before a reporting is required.
See this Q & A from the IRS : --- https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-tax...
Does this answer your query ?
