N82's blog post

[nanonoko]

Can someone help me fill this thing out? I dont know the answers for PART II, especially items #23-25.
Also, may seem like silling question but this is for 'filing for calendar year' 2006 right?

[Sniper]

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Is there an easy way to export the neteller account history to excel so I can add up all my deposits and withdrawals? I can't just copy and paste it because the formatting is all off.

This is so annoying. I honestly want to roll the dice and not report. I think I had a balance between 10-12k maybe 3 times in the past 3 years.

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my sentiments completely. i had like 12k in neteller at one point last year and am contemplating rolling the dice also. if the penalties for not paying taxes on 11k really 6 figures and jail time then maybe i won't, but i just find that a little extreme. i suck at poker and am a college student so paying 4k or whatever it would be for filing would be -EV if the chances of getting caught are relatively low and the penalty would be paying the full 12k to the gov. someone with some expertise help me out with a realistic viewpoint. thanks

G

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This form has been extensively discussed in this forum...

Filing this form has nothing to do with your taxes... it is a seperate disclosure requirement.

[jschell]

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Can someone help me fill this thing out? I dont know the answers for PART II, especially items #23-25.
Also, may seem like silling question but this is for 'filing for calendar year' 2006 right?

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23.) Your Neteller account number
24.) NETELLER (UK) Ltd
25.) Isle of Man

"Filing for Calendar Year" is whatever year you are filing the form for. Assuming you are filing for last year, yes, 2006.

[nanonoko]

Thank You JSCHELL, Also:
For:
#20: I assume I have a financial interest right?
#21: Type of Account? [i dont know the answer]
#3: Taxpayer Identification number? (i dont know it since I did not pay taxes yet because I lost all the money that year)
--I'm going to assume I only have to fill out parts #1, #2 right?
Thank You Very Much.

[XChamp]

I believe your taxpayer identification number is also your social security number (assuming you have one). If you don't have a social security number, then you probably are going to have to contact the IRS about obtaining a taxpayer ID number.

[NoahSD]

Can someone please clarify some things for me:

1) Does firepay count too?
2) If I never had 10k in my firepay, but definitely moved more than 10k through it, should I be worried?

[Sniper]

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Can someone please clarify some things for me:

1) Does firepay count too?
2) If I never had 10k in my firepay, but definitely moved more than 10k through it, should I be worried?

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Technically, the form requires reporting if the aggregate total of all offshore financial accounts was more than 10K, at any time during the year. (There is some disagreement about whether poker site accounts, count for this, but Neteller & Firepay, Etc certainly do)

[Homer]

A few quick polls. Don't answer if you are not required to file the form.

[nanonoko]

Last question:
I see these posts about not filing. That's a bad idea right? I mean especially if I lost the money in 2006, I should just file right?

[SlowHabit]

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Last question:
I see these posts about not filing. That's a bad idea right? I mean especially if I lost the money in 2006, I should just file right?

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Yes.

The IRS wants to know about your cash flow.