pk
Level 15
Level 15

After you file

@sarathkra , 

1. there is no requirement to file FBAR for sending  money outwards internationally -- if sent to a person or entity.  However, if this money rested in a bank account  that you own or have signature authority, then to the extent that the balance  in the account rises to the FBAR threshold , then yes you needed to file  FBAR  ( form 114  at FinCen.gov -- generally through BSA e-filing).

2. are you currently a US citizen/Resident ( Green Card )/ Resident for tax purposes ?  How about 2016 calendar year and / or years thereafter?

 

 

Namaste

pk

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