FlyerTalk Forums - View Single Post - if someone win some money playing slots overseas, do he/she have to pay taxes in US?

Aug 18, 2010 | 7:04 am

#34

GUWonder

Suspended

Join Date: Jul 2001

Location: Watchlisted by the prejudiced, en route to purgatory

Programs: Just Say No to Fleecing and Blacklisting

Posts: 102,077

Quote:

Originally Posted by bankops

2. The State Department, NOT the IRS, requires that you declare any account outside of the US where the average balance exceeds $10k.

For US persons with foreign accounts having an aggregate value of $10,000 at any time during the calendar year, the foreign bank and financial accounts report is required by the IRS:

http://www.irs.gov/businesses/small/...148849,00.html

Reply