For most countries (as far as I know, this applies to the USA and Belgium), gold in the forum of assets, e-currency, and gold accounts at the bank are not taxable. This is proof that you do not need to report the contetns of your e-gold account come April, only what you transfer into a currency (USD or otherwise). Gold-to-gold transfers are also not taxed, that means that if you transfer e-gold to a gold account at a bank, that is not taxed. Interest is still taxed however, if any is received.

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E-gold exchanging to a bank can be reported as a capital gain. Im really not sure about this, though... look it up.