IRS Ups the Ante. Should Online Poker Players File FBARs?

IRS Ups the Ante. Should Online Poker Players File FBARs? | Neil Bass

Online poker is taking off like wildfire. Real money games abound despite their questionable legality. Lots of real money poker sites are located offshore. So, if you’re a U.S. citizen and you fund an offshore poker site, are you maintaining a foreign bank account? Are you required to file a Foreign Bank and Financial Accounts Report (FBAR)? The IRS seems to think so.

Click here to read Neil Bass' full article...