Another controversial tax question - IRS FORM 90-22

[rockrock]

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.