#41
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Re: N82\'s blog post
Thank god I was just able to login and checked that my balance didn't hit past 10k until 2007 of January. I guess I have til next year to worry about it. (The same thing probably will apply for next year right?)
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#42
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Re: N82\'s blog post
[ QUOTE ]
Now, given that the IRS will likely have access to all of the Neteller information within a few months, anyone who had $10,000 or more at Neteller at any time during 2006 who doesn't complete the FBAR forms is taking a huge gamble. It's almost certain that the Treasury Dept. will choose one "lucky" taxpayer to criminally prosecute. The IRS & Treasury consider online gambling to be "an abusive offshore tax avoidance scheme;" prosecuting someone would have (in their view) a deterrence impact. It's a lottery that you don't want to win. -- Russ Fox [/ QUOTE ] my accountant advised me to fess up for previous years as well, and attach a note that said "sorry, didn't realize i was supposed to file this form. i've been paying all my taxes." there's a statute of limitations for not filing, maybe 7 years or something, so you don't have to file really old stuff. i spoke to someone at the IRS and she said that because i was approaching them instead of the other way around regarding the previous years, the irs probably wouldn't come after me. obviously not ironclad, but good to hear. |
#43
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Re: N82\'s blog post
I think I'm going to file this form tomorrow, and make a decent attempt to fill out it as best as I can.
I agree with Curtains, however. I think this is just scaremongering. How can someone be sent to prison for, literally, not filing 2 sheets of paper with the IRS? That is what we are talking about here. I pay my taxes in full, and supposedly I might be thrown in jail and fined 100 grand because I had 15k in neteller at one point and failed to report it? That is utterly absurd. |
#44
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Post deleted by Mat Sklansky
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#45
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Re: N82\'s blog post
No, that has never happened or you would have heard about it.
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#46
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Re: N82\'s blog post
im not doing this [censored], i payed my taxes, nothing will happen,
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#47
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Re: N82\'s blog post
on second thought ill prob do it tommmorow.....but seriously though, not a lot of ppl are aware of this, so how do they prosecute a law that no one knows exists
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#48
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Re: N82\'s blog post
[ QUOTE ]
Please give me some proof of this crime. You are saying that these people filed all their taxes, paid for everything they made, but went to jail for 5 years because they didn't specify that it was in a foreign bank account? I would bet a lot of money that this isn't what happened, but ok prove me wrong and give me a link to this story. [/ QUOTE ] This wasn't their only crime, but it was one of the one's they pled guilty too. I agree with you about being targeted for not filing this form for a Neteller account. I don't think it will happen. This doesn't change that it is a real crime and I'm sure there are plenty of people in jail for it, but most of them were guilty of other stuff too. If you still want links, I will provide them but don't think for a minute any federal crime is something to joke around with. Google this phrase "The information also charges both defendants with filing a false 1998 federal income tax return. According to the information, the returns were false because the defendants failed to inform the Internal Revenue Service that they had foreign bank accounts." |
#49
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Re: N82\'s blog post
i'm 19, turning 20 july 30th. i won about 30kish online in 2006, but i didn't file any of it. man i'm startin to get pretty worried. should i file my taxes and then fill that form in the OP? or should i just fill the form in right now and file my taxes for 06 next year?
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#50
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Re: N82\'s blog post
in a very similar situation to the above poster. if some could give me a REALISTIC guess as to the chance anything happens to me and a realistic penalty if it does i would greatly appreciate it.
G |
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