Two Plus Two Newer Archives

Two Plus Two Newer Archives (http://archives1.twoplustwo.com/index.php)
-   Poker Legislation (http://archives1.twoplustwo.com/forumdisplay.php?f=59)
-   -   Foreign bank accounts and the IRS (http://archives1.twoplustwo.com/showthread.php?t=243017)

MiltonFriedman 10-23-2006 01:30 PM

Re: 100% wrong advice
 
yes

SmackinYaUp 10-23-2006 01:35 PM

Re: 100% wrong advice
 
[ QUOTE ]
yes

[/ QUOTE ]

Wow, I don't know what this thread would have done had you never been born. Thank you.

rabbitlover 10-23-2006 01:56 PM

Re: 100% wrong advice
 
Yes, Miltie you are very helpful. Hopefully someone here who truly knows about this would like to be of help.

I_C_ALL 10-23-2006 04:15 PM

Re: 100% wrong advice
 
http://forumserver.twoplustwo.com/sh...age=3&vc=1

Link to a thread I asked a similar question and someone was kind enough to respond

rabbitlover 10-23-2006 04:47 PM

Re: 100% wrong advice
 
Thanks so very much. This is what the forum is for.
Do you mind my asking, do you fund your poker clients thru this account, or do you plan to in the future?

Thanks again.

I_C_ALL 10-23-2006 07:19 PM

Re: 100% wrong advice
 
I'm first looking into it now. I know the poster in the other thread said you could do it online, but I'd probably have to go over there and see for myself. I believe he said he has been funding his account that way for a while. This would only be an option to me when Neteller does pullout. I'm just hoping they don't do it like the Crypto's did.

Hopefully I have at least 30 days to do some due-diligence. Either way, the foreign account route appears to be the best option for my purpose, especially if I can transfer to sites with the credit card for no fee and either EFT from foreign bank account to U.S. bank account for free as well. Worst case, it should just take a wire. We'll see.

TheMetetron 10-23-2006 08:33 PM

Re: 100% wrong advice
 
You can't EFT from a foreign account. It's a USA/Canada thing.

I_C_ALL 10-23-2006 10:47 PM

Re: 100% wrong advice
 
Could just write a physical check from foreign bank to US bank....

tizlinda 10-24-2006 12:02 AM

Re: 100% wrong advice
 
If you have to report neteller over 10K, whats is the regulation if you transfer said amount on dec 30th so the balance was under 10K. My neteller fluctuates a lot throughout the year, I never knew you were suppose to say anything regardless as long as you report earnings. So neteller is considered an offshore bank?

amulet 10-24-2006 12:04 AM

USE EPASSPORTE
 
use epassporte. they are an overseas online bank with a debit visa that all poker sites have as an option.

if you open an overseas bank account you MUST report said account when you file your taxes. there is a specific box to check IF you have an overseas account.


All times are GMT -4. The time now is 06:10 AM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.