Further to your reply. I have a question and clarification.
I am a Salaried Employee and working in a company in US. I get paycheck every 2 weeks once. My wife and kid was there in India till March of this year (Mar 2021). My wife was employed in India in a company. I was transferring part of my paycheck to my wife every month and every paychek for her and my kids expense. Never ever will my account exceed $10000 at any time as my transfers are only small amounts. But in total it might exceed but will never peak out at $10000 at any time. Please advise if I have to still file the FBAR.
Just an example:-
$1000 per paycheck multiplied by 2 per month - $2000 per month
$24000 per year .
But never more than $1000 per paycheck.
Please let me know.
Rgs,
Nan
