Report of Foreign Bank and Financial Accounts
So this was sticked up in BBV, telling us that we had to fill it out if we had over $10,000 in a foreign bank account, including Neteller. Does anyone know anything about this form? http://www.irs.gov/pub/irs-pdf/f90221.pdf
As a specific question, do you know if i have to fill it out even if the money in the account wasn't mine? I had a backer for last year, and removed some of his money from my accounts when the UIGEA was first passed. This brought the balance up above 10k for a few weeks, until Neteller closed to Americans. I know it's short notice, so sorry, but I really appreciate any help or advice |
Re: Report of Foreign Bank and Financial Accounts
We know that Neteller has given the US Government access to their records on US account holders. If the account is in your name then it's your money. It's just an informational form so fill it out. Now, if you haven't been paying taxes on your poker income you probably have a bigger dilemma.
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Re: Report of Foreign Bank and Financial Accounts
Information at: www.irs.gov
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