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Thread: If you have over $10,000 in an online gambling account...

  1. 06-26-2014, 01:28 PM #1
    moo321
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    If you have over $10,000 in an online gambling account...

    You need to fill out an FBAR by June 30.

    http://www.irs.gov/Businesses/Compar...R-Requirements

    This also goes for any foreign bank accounts.
    The Cash Cow.
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  2. 06-26-2014, 04:16 PM #2
    Marvin
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    Am I misreading the table or is the reporting threshold 50k?
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  3. 06-26-2014, 10:42 PM #3
    Exoter175
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    Quote Originally Posted by Marvin View Post
    Am I misreading the table or is the reporting threshold 50k?
    For sovereign accounts, yes. However, unless I've been out of my online poker days for a while, most online joints are on foreign soil, and thus fall under the FBAR section. "$10,000 at any time during the calendar year"
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