[PokeReader]

Look, Diddy, please ready my, (and other,) long posts in the FBAR thread. You should really try to consult a tax attorney because one, you have significant FBAR liability. (If you use your FBAR for criminal purposes, and/or the IRS levies a penalty against you for tax evasion, and/or if you violated FBAR in the past, and/or do not cooperate with the investigation, (any of the above), you do not just have a late filing problem. You have a minimum of a willing FBAR violation, meaning 100K, or 50% of the account, whichever is more, plus your tax penalty, and as the IRS considers internet poker another criminal tax evasion scheme, you might have more liability, depending on how they choose to handle it. I would be very cautious in your situation.

If you consult a tax accountant, they are legally required to tell you to immediately file. However, a tax attorney can tell you what is in your best interest, (or likely to be), and will be able to maintain a confidential relationship.

There is alot of information posted in the other FBAR thread. It is the best place to go. But as a general thing, if you have paid all your taxes on time, have all the proper record, (you must maintain FBAR records for 5 years), and marked Schedule B, and are filing late, or did not mark Schedule B, the IRS would be entitled to fine you, no one is sure if they will. There is no official IRS guidance on this, see article in previous post. If you owe taxes and are late, you have a much more substantial problem, you are very vunerable, as Title 26 protections do not apply to FBAR's. There is also a tax attorney's article about this situation, and the in previous post. If you have not filed be sure to do your homework. There is an arguement about Constructive Receipt and Neteller, this will only apply if you have not paid taxes. You should be aware of it, and know what decision your tax preparer has regarding this issue.