Re: Foreign bank accounts and the IRS
This rule applies to Neteller as well. From my research (can't remember the thread right now) it was proven that Neteller WOULD need to be claimed as well if the balance ever exceeded 10k since Neteller's own definition of its activities matches that of this regulation. This is not an IRS regulation, but a banking(or fed reserve requirement)
Either way, I have no issue reporting to IRS. [censored], I'll give them copies of the bank statements if they want them. I'm not looking to hide anything with this, unless of course they start prosecuting the little guys [img]/images/graemlins/wink.gif[/img] Until then, I'll gladly pay my fair share of taxes KNOWING full well that those tax dollars go to pay the salaries of the very people making this difficult for me.
|