I had a client today who asked if he had to report or disclose his holdings in a foreign country where such holdings are his on-line gambling account.

Anyone have an answer--with specifics.

He is concerned that it is no different than having gold in Switzerland or similar holdings that must be disclosed to the IRS.

Redietz----I assume you have foreign on-line bookies. Have you ever considered this or had to deal with it?

Anyone?