Can the IRS subpoena neteller records?

Redneckman · Jan 6, 2004

Any know the answer to this? How about a gambler's records at Olympic or WSEX or any other book for that matter? Thanks

lander · Jan 6, 2004

Theoretically since they are all outside of the jurisdiction of the US they shouldn't be able to, but since the US pretty much occupies anyone that doesn't agree with them I wouldn't bet on it.

TheGeneral+ · Jan 6, 2004

I doubt Neteller has any responsibilty to adhear, but Uncle Sam may be able to persuade in a serious case.

Redneckman · Jan 6, 2004

Thanks, it probably hasn't happened yet, but IRS supposed to be hardening their stance in audits again, just wondered if they could follow the trail from bank account to neteller and ultimately to sportsbook.

buddyboy · Jan 6, 2004

IRS: Hello Neteller? yes this is the IRS... Hand over your records.

NET: Screw you, we are in Canada.

IRS: Hello Mounties? yes neteller is helping Terrorist harbor and move money... we need your help.

MOUNTIES: Hello Neteller? yes this is the Mounties... Hand over your records.

NET: OH SHIT! NOW WHAT?

BoratSagdiyev · Jan 6, 2004

I used to take economics in the high school. We had to make a special report about business and countries economies like Honda,A&TT etc. So he say to us just call up the companies and ask them for info. So the joke was "Hello Japan, I'm in Mr. Williams Economics class and I had a few questions about your economy"
Wasaaa honichouwa

click.

Dante · Jan 6, 2004

Just save your EFT deposits into your bank...and if you can offset with with gambling losses just save the PROOF in the rare case of an audit... if you can not offset them with losses just PAY YOUR TAX

its really simply IMO

theinvestigatorcr · Jan 6, 2004

Can somebody ask Neteller? I think that would be an interesting answer.

Redneckman · Jan 6, 2004

I agree

TheGeneral+ · Jan 6, 2004

I have called and am awaiting a return call from Colin Francis - Chief of Security and Compliance @ Neteller.

Fishhead · Jan 6, 2004

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Dante:
Just save your EFT deposits into your bank...and if you can offset with with gambling losses just save the PROOF in the rare case of an audit... if you can not offset them with losses just PAY YOUR TAX

its really simply IMO<HR></BLOCKQUOTE>

Every week I see a marked improved intelligence in your spinal cord.

Continued success with your brain power son!

hanover00 · Jan 6, 2004

All they have to do is subpoena YOUR Neteller records from YOU. They don't have to go to Neteller to get them if you're a US citizen.

If under Court oredr you refuse to comply, you're screwed. If you say that you don't have a Neteller account and they prove otherwise, you're also screwed.

Moral of the story, pay your taxes.

Dante · Jan 6, 2004

HANOVER..amen TO THAT

Fish, you crack me up Sir

Tekari · Jan 6, 2004

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by The General:
I have called and am awaiting a return call from Colin Francis - Chief of Security and Compliance @ Neteller.<HR></BLOCKQUOTE>

general any word from them?

MeyerLansky · Jan 6, 2004

neteller good guys, i don't think so.

WildBill · Jan 6, 2004

IRS would first have to have some cause to need the records. They generally don't mess with them though, they can prove enough from bank accounts unless you don't use banks.

Redneckman · Jan 7, 2004

Thanks for the inquiry, General!

TheGeneral+ · Jan 7, 2004

No word guys. I will try later if I get time, but I will be around and he has my number. maybe he doesn't want to answer like pinnacle didn't want to answer about the mutual pools

Redneckman · Jan 7, 2004

So Hanover you're saying that the IRS would just look at positive cash flow into neteller from outside sources like sportsbooks, and tax you on the positive cash flow? That does make sense.