Starting January 1, 2026, a newly approved federal tax by the U.S. Senate will significantly alter how money is sent abroad, ...

For example, if you're depositing an $11,000 cashier's check, your bank won't be reporting your deposit. The bank that issued the $11,000 cashier's check already has reported it to the government.

The rule will apply to US residents who aren’t citizens, including Green Card holders, H-1B and H-2A visa holders, and ...