cyberbabble Posted November 23, 2016 Report Share Posted November 23, 2016 On the Gambling With An Edge podcast (Bob Dancer/Richard Munchkin) a gambling tax expert accountant says people are required to file an FBAR form for gambling account balances even though these are not bank accounts. What is your opinion? FBAR = IRS Foreign Bank and Financial Accounts report Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted November 23, 2016 Report Share Posted November 23, 2016 On the Gambling With An Edge podcast (Bob Dancer/Richard Munchkin) a gambling tax expert accountant says people are required to file an FBAR form for gambling account balances even though these are not bank accounts. What is your opinion? FBAR = IRS Foreign Bank and Financial Accounts report if it's in a foreign sportsbook then irs would argue that it's a foreign financial account catch 22 for many people Quote Link to comment Share on other sites More sharing options...
rito Posted November 23, 2016 Report Share Posted November 23, 2016 I report. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted November 23, 2016 Report Share Posted November 23, 2016 Catch-22 Spot on Quote Link to comment Share on other sites More sharing options...
cyberbabble Posted November 23, 2016 Author Report Share Posted November 23, 2016 I'm probably safe. They'll be so busy chasing you big money guys that they won't notice me. Quote Link to comment Share on other sites More sharing options...
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