Taxes again?
 

Says if we had 10k or more in any foreign bank last year, including Neteller, we need to fill out a new form due June 30th or very bad things will happen.



Is this true?

yes

Neteller doesnt give interest though, so there is no income based on it. You shouldnt have to report it then right?

I just looked at the actual IRS form... unfortunately, you still have to report it if it held over $10K, whether it was an interest baring account or not does not matter.

This is actually the first I've ever even heard of this. I'm surprised my account never mentioned this to me.

Nothing new here. I don't think it is anything new that the IRS requires US Citizens report funds held offshore over a certain threshhold.

In the case of accounts in Swiss, Bahamian, or Cayman banks, I've never heard of anyway for them to know about it unless you tell them *or* you create a paper trail by transferring into a US bank.

Ok guys what about this.
Our money we have in the poker sites is held in a bank on foreign soil (not in our name).
What about those ?
(Now I am not above the $10,000 mark, so I don't really have to worry about it.)

It is a gray area, but once again, they won't know it is there until you tell them.