[footdr]

I am uncertain why but the IRS regards foriegn bank account to include these ewallets, but you only have to report them, if they have ever had a balance of 10,000 at any given time, that is my interpretation of what I have read on tax sites.

You are required to report all foreign bank accounts.

Does anyone on the forum actually have a foreign bank account from a
REAL bank such as CITIBANK Europe or similar, if so, do you get a statement at the end of the year for income tax purposes. Just curious, as we know we do not get that from ewallets,

What would make paypay different from these ewallets aside for not allowing gambling transactions. ARE paypal accounts considered banking account? I do not think so. Why is IRS considering NETELLER a bank account, we didn't get interest and only used them for funds transfers. When using instant cash we were not even authorizing payment from bank to neteller but authorizing payment from bank via eft, which neteller processes for the merchant, just as EFT deposit, were actually processed for the casinos by citadel. You didn't even need a citadel account for those. You needed a citadel account only if you selected citadel as your deposit method