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Old 06-29-2007, 12:07 PM
obiedman obiedman is offline
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Join Date: Jun 2006
Location: \"If it shows their cards why did you keep betting?\"
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Default 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
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Old 06-29-2007, 12:24 PM
4_2_it 4_2_it is offline
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Default 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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Old 06-29-2007, 04:01 PM
poorolrich poorolrich is offline
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Default Re: Report of Foreign Bank and Financial Accounts

Information at: www.irs.gov
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