u/Asleep-Amphibian7013

▲ 1 r/CPA

Hello group,

My wife and I recently moved to Boca Raton in September 2025. She is here on an L1A visa, and I am here as her dependent on an L2 visa.

I have been transferring my own personal funds from my savings account abroad to my US bank account. These transfers are usually between $4,000 and $7,000 each month.
I wanted to ask a professional:

  1. Is it okay to continue these regular transfers from my foreign savings?
  2. Do I need to report these transfers specifically, or file any special documents with the IRS for these monthly amounts?
  3. Will I owe any US tax on this money, considering it is my own pre-existing savings and not new income?

I want to make sure I’m doing everything correctly for our future residency status. Looking forward to your advice! 

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u/Asleep-Amphibian7013 — 17 days ago