[lcerqueira]

All,
I am a non-us Citizen with a L1 visa working in the US. In July 2008 I sent from overseas an amount of over $10,000 using a wire transaction (from one of the major US banks). I used the money to buy a house in the US and did not have any revenue from interest. As I was reading some similar cases, I am now confused and am not sure if it is mandatory for me to report the transaction to a US agency. I have a few questions:
(1) Do I have to fill any kind of form reporting this transaction even though I brought the cash using a wire transaction from a major US bank?
(2) Do I have to pay any taxes for this transfer?
(3) Do I have to report in my tax refunds report in 2009?

Thanks in advance for your help.

[MukatA]

1. No
2. No
3. No

This is your filing requirement: United States Treasury Regulation 31 CFR 103 require that every United States person file this form TD F 90-22.1 if at any time during 2008, you have an interest in or a signature or other authority over a financial account in a foreign country, such as a bank account, securities account, or other financial account and the total amount at any time in the year was $10,000 or more. Read http://mytaxes.in/index.php?topic=1.0