Re: If you had more then $10k in neteller in 2006 but didn\'t pay taxes
G-Diddy,
I have a friend in an almost identical situation except that he also has a job so his income level is a little higher. He did file is FBAR on time though.
I referred him to my tax attorney and this is what he found out.On about 20k of net income (35k wins 15k losses) his responsible tax was around 4-5k within his 20% tax bracket.
The interest is 6% on the three months his filling an ammended return with late income (A couple hundred bucks). His penalty was around $150.
He also had to pay some additional to the state but I don't know what that is. Probably around 1k i guess.
Attorney fees were a couple hundred bucks. All in all it won't cost you that much more versus had you filed in April.
Just get it done, you have the funds.
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