I need to transfer money from an overseas account that is not in my name to my US bank account. What happens if I receive over $10,000 dollars? It is reported and then what? Do I have to pay taxes on it? Am I flagged in the system? Is it 10,000 per year or per transfer? Can I make 2 transfers of under 10k each? Please tell me what to expect!
Thank you!

You don't have anything to worry about. The reason for the reporting requirement is to prevent money laundering. Transferring money from one bank account to another is not likely to draw much attention. It is primarily cash deposits or other unknown sources that will attract attention.

The money is only taxable if it's income. The transfer is not relevant to that issue.