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Do I need to file FBAR if I send $25000 to my fathers account in India?

JavaDeveloper
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1 Answers1

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Do you have signature authority or interest in the account? Then yes.

Interest in the account means that you wire $25K to your dad, but the money still belongs to you (I.e.: if you ask for it your dad will give it back to you).

littleadv
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