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Old 10-04-2005, 05:12 AM
blackize blackize is offline
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Join Date: Mar 2005
Posts: 267
Default Re: Rakeback, taxes, and an argument for the IRS

They may or may not know about Neteller. Neteller, essentially being an offshore bank account is not required to give your information to the US government and by keeping that money in your Neteller account you may be able to avoid paying taxes on that money since the IRS would have no idea how much money is in question.

As soon as you bring that money into your US bank account your auditor will know all about it. It seems to me that if you ever wanted to access that money in the US it would show up in an audit. If you leave it in Neteller you might be able to get access to this using your Neteller debit card, but since I am not sure what information the banking systems record the IRS may be able to track your purchases and withdrawals with that as well.
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