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Old 07-04-2007, 11:36 PM
jrbick jrbick is offline
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Join Date: Feb 2005
Location: The ashtray says...
Posts: 2,616
Default Re: If you had more then $10k in neteller in 2006 but didn\'t pay taxes

I haven't read all responses, but I'm gonna go out on a limb here and say that I don't think you could go wrong by just filing everything ASAP.

- hire tax attorney who will probably advise you to:
- file your taxes, send payment
- file the foreign account thingy even though it's late.
- suck up w/e penalties you incur.

At best you eat penalties and still come out w/ 2-4k left over. At worst, well, at least you showed some sort of "good faith effort" even if it was kind of late. Might at least keep you out of jail.

For the future, it's best not to frig around w/ this stuff.
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