If you had more then $10k in neteller in 2006 but didn't pay taxes!!

[jrbick]

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You only have to file if you had 10k at ONE TIME in neteller correct?

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incorrect. aggregate total is what they are looking for. in other words, the total of all deposits.

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Are you absolutely certain of this? This does not match my (limited) understanding, which is that the form must be submitted if the aggregate balances exceeded $10k at any time in 2006.

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I guess i can't say I'm "absolutely certain of this" since the IRS uses different terminology.

FBAR Requirements


The qualifications for filing are:

1.The person has financial interest in, signature authority or other authority over one or more accounts in a foreign country, and
2.The value of the account exceeds $10,000 at any time during the calendar year.


I'm fairly certain that #2 would be the aggregate. On the form they ask for maximum value of the account.