Question for Shrink, Fishead or other big gamblers about Neteller

Did you guys report Neteller as a foreign finanical account on your taxes (assuming the balance was over 10k in a given year)?

You are supposed to file form TD F 90-22.1 with the treasury according to the following:

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Who Must File this Report. Each Unites States person, who has a financial interest in or signature authority, or other authority over any financial accounts, including bank, securities, or other types of financial accounts in a foreign country, if the aggregate value of these financial accounts exceeds $10,000 at any time during the calendar year, must report that relationship each calendar year by filing TD F 90-22.1 with the Department of the Treasury on or before June 30, of the succeeding year. <HR></BLOCKQUOTE>

and


<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Financial Account. Generally includes any bank, securities, securities derivatives or other financial instruments accounts. Such accounts generally also encompass any accounts in which the assets are held in a commingled fund, and the account owner holds an equity interest in the fund. The term also means any savings, demand, checking, deposit, time deposit, or any other account maintained with a financial institution or other person engaged in the business of a financial institution. <HR></BLOCKQUOTE>

Thanks for the info,
Lester

Personally do not know, also am not sure who is on-line this late. Hopefully someone will have some info for you soon. If not tonight then in the morning.

wil.

Thanks wilheim. I wasn't sure if this question had been answered before.