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Deductions & credits
I am assuming you mean that you have been filing FBAR ( form 114 ) with FinCen.gov -- this is part of the treasury.
If you transfer / wire monies from your foreign bank account to your US bank account --- the receiving bank will raise a SAR (Suspicious Activity Report ) as a matter of course and that is it -- nothing happens , since they know you.
There is NO Tax Consequence -- you are moving your own monies between accounts.
Any interest earnings on your monies abroad, needs to be recognized on your US tax return and taxed by the US. Any taxes paid to a foreign taxing authority may be eligible for foreign tax credit.
Is there more I can do for you ?
March 6, 2025
12:14 PM