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Another controversial tax question - IRS FORM 90-22
Never seen this discussed but it getting it wrong is a felony.
Form 90.22 - Disclosure of foreign financial account from the form [ QUOTE ] Who Must File this Report Each United 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. [/ QUOTE ] Neteller qualifies by any definition imo. The Neteller website tells us that they will completely cooperate with law enforcement (I assume customer privacy was a victim of their excursion to public equity markets). I would like to see more Internet Magazine articles on tax issues from qualified professions. I filed this form last year and will do so again this year, but I hate doing it because it feels like I am inviting them to knock on my door. I'd bet I am the only person in the history of the world to file it for a Neteller account. |
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