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#1
04-14-2007, 06:57 PM
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Declaring Neteller as a \"foreign bank or financial account\"
Guys -- I have a feeling the answer to this question is in the archives somewhere but I failed to find it. Sorry for that if this is redundant.
Do those who have over $10k in neteller at some point during the year file a "report of foreign bank or finanical account" with the IRS? Form TD F 90-22.1. looks like its required? 
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#2
04-14-2007, 07:06 PM
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Re: Declaring Neteller as a \"foreign bank or financial account\"
Yes, if you had 10K+ in Neteller at any point during the year, you file the TD form. The form, btw, is not filed with the IRS.
There is some disagreement over whether Poker Accounts count as foreign financial accounts, but there is no disagreement that Neteller is.
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#3
04-14-2007, 07:19 PM
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Re: Declaring Neteller as a \"foreign bank or financial account\"
Thank you - one last question - my tax guy is asking me what the location of the account is and the name of the bank -- is it Isle of Man or is the UK? Also, what is the actual name of the "bank" that holds the account?
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