Sending money abroad
Sending money abroad I am living in the US, but I am a non-citizen on F1 student visa (OPT). I would like to send my mom $50,000 from my BoA account to her account in my home country. (1) Would wire transfer be the best way to do it? (2) As the amount is large, do I need to report anything to IRS etc.? (3) Would you send it in US dollars or foreign currency? (4) As ...