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Old 10-23-2006, 11:43 AM
DespotInExile DespotInExile is offline
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Join Date: Jul 2005
Posts: 788
Default Foreign bank accounts and the IRS

I've read in the threads some people kicking around the idea of opening a foreign bank account in order to avoid Treasury regulations preventing gaming transactions, etc. Just so you know, if you have a foreign bank account w/ more than $10k in it, you must declare this to the IRS. Link.
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