@fancychen_78 , having read through this thread and noting the responses of my colleagues @xmasbaby0 and @Opus 17 , I actually find no issue with you standing in as a guardian / fiduciary managing the expenses of the NRA ( Non-Resident Alien ) student. As long as you keep good records of the" incomings" and "outgoings" of the monies. Since you are only acting as fiduciary and if you don't charge any fees there is nothing to report. There is NO restrictions ( assuming we are talking about normal / nominal amounts passing through your bank account ( or a special account set-up for the purpose ) and there is no tax event. Just be aware that your bank will raise SAR ( Suspicious Activity Report ) for any US$10,000 or more transfers -- this is a matter of course and then nothing happens to then.
I am assuming here that the NRA student is a minor or being treated as a minor by the parents ( NRAs also ? ).
That is my view -- and others may disagree on my interpretation of the situation.
Note that if you charge a fee to act as a fiduciary then that is income to you and must be recognized as such.
Isa there more one of us can do for you ?
pk
