Form FBAR says that if one holds more than $10000 in a foreign bank account at any time during the year, one has to file the form.
If I am sending $12000 to "my" foreign bank account and then give the money to my mom right away, do I have to file Form FBAR?
I was advised before that I don't have to file Form FBAR if I am not keeping the money in the foreign account and giving it to my mom right away.
Since I don't know exactly when the fund will hit my foreign bank account, the money may stay in my foreign account for a day or two before it is sent to my mom's account.
In this case, do I file Form FBAR?