Transfer money from overseas account to US account

[classicore7]

Hello, I am a green card holder, and I have some money on my overseas account. I have been filing FBAR so far, but I am trying to bring the money to my US account. If the amount is more than $100,000, what forms would I need to fill out for reporting purpose when I transfer the money from overseas? 

[pk]

@classicore7 , there is NO tax implications when you move  monies between  Foreign and domestic accounts that you own.  While the money is abroad FBAR and FATCA  forms are the only ones  that come to mind.    If the monies are from  foreign trust / estate / person then there may be  a requirement to file form 3520.   But  all these are informational  forms.

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[classicore7]

Thank you for the reply. I had a follow up question. Let's say you have $100k in a foreign account and you filed fbar and fatca and you plan to move the money in the US this year. If you move $50k to the US bank and left with $50k in the foreign account, for next year tax return, you would file the max ($100k) value and the year after you would file $50k? Also, if you moved all the money leaving $0 in the foreign account, you would no longer file fbar and fatca?

[pk]

@classicore7  that is generally correct. Each year stands on its own i.e.  each year you test the  balance in the foreign accounts  ( total of all accounts ) for requirement/ need  to file FBAR and/or FATCA ( form 8938 ) forms.  Note that exchange rate  fluctuations may affect your requirement to file.  Hence  my view is  when in doubt, just file the  forms -- they have no tax impact anyways.

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