I'm quickly outgrowing my current offshore book and would like to withdraw my balance and post up with another book with higher limits. Can I have a check for over 10K sent and then deposit it into my US checking account without suspiscion? If this is a problem, will a cage in Vegas cash the check?
Looks like Neteller might be an option after all. Once I have it all in NT, can I get seven or eight thousand out of there without any problem? Would a Vegas casino even cash a check over $10K without doing paperwork? I've never had a run like this before so I want to cash a lot of it out before I give it back but I don't want to get on anyone's radar screen. I'm sure this is chump change for a lot of the bettors here so any advise is greatly appreciated.GoHogsAR said:
Okay, I'm very nervous now. I just tried to get a payout to Neteller and was told that since my original deposit was through my checking account that all payouts had to go to that account. I deposited $500 less than two weeks ago and I only want that amount back in my checking account, not the whole amount. The customer service rep suggested just doing smaller withdrawals over the course of a week or two, but that's still a lot of cash flowing into this account. It's not even my primary account, where a lot of money comes in and goes out, but one I set up at a different bank just to keep some things separate.Santo said:
Help!
Thanks, I'll ask. I asked Pinny earlier this year if I could transfer funds to them from this book and they said no. Hopefully there are some books they work with.Santo said:
I just can't understand why they won't credit the original deposit back to my checking account and then send me a couple of checks for the difference.
My main problem with getting payouts of over $10,000 is that is doesnt seem to happen that often. I have received a few of them last year, but NONEEEEE thus far this year.
Although if the Yanks meet the Astros in the World Series then I will be looking at over $22,000 at 3 books, but only $13,000 at 1 and the rest in the other 2
Although if the Yanks meet the Astros in the World Series then I will be looking at over $22,000 at 3 books, but only $13,000 at 1 and the rest in the other 2
And you've never had any problem depositing that kind of money into a checking account? Maybe I'm just being paranoid, but remembering back last year when a cashier at a casino stopped me before I gave her more than $10K in chips to cash. She said anything over that raises flags with the IRS and FBI. Again, maybe paranoid, but I'm just nervous about this.playersonly69 said:
But here would you want to go. The US is one mixed up place. Yeah it looks all peacefull and nice . But--thats on the surface. It's becoming a country that is becoming more divided into the Haves and the HaveNots. Gambling on sports unless you're in Nevada is an offense that I think is just under murder and rape in the way it's handled. Taxes...another subject. I wonder why England does not tax gambling winnings.....maybe cause just the wealthy do it?Santo said:
As for the US---we can't figure out how to run Amtrack---but we can figure out how to tell another country to run themselves.
I dunno nuttin about nuttin no mo!
What is wrong with this
4 withdraws for $2500.00 each. Because if you deposit 10k in the USA you better pay the taxes on it becuase your uncle will visit you. Have everyone you know that plays lotto save there old tickets and claim them as a loss against your winnings. If you withdraw it all at once. 5k now the bank can fill out a slip on you if they fill the money is not being taxed. Trust me small checks and find a check cashier that will cash them for 1%to2% I know here you can get them done for 1% if you are cashing 4 @ $2500.00 each easy.
4 withdraws for $2500.00 each. Because if you deposit 10k in the USA you better pay the taxes on it becuase your uncle will visit you. Have everyone you know that plays lotto save there old tickets and claim them as a loss against your winnings. If you withdraw it all at once. 5k now the bank can fill out a slip on you if they fill the money is not being taxed. Trust me small checks and find a check cashier that will cash them for 1%to2% I know here you can get them done for 1% if you are cashing 4 @ $2500.00 each easy.
Definitely agree with the 2500 at a time method, or maybe 2900, but not more because apparently there is one type of flag at 3000 and another at 10,000. The one at 10,000 is just a form to the IRS saying the transaction took place. You still keep your money but come tax time you'll have some 'splainin to do on your return. If you can show gambling losses or deposits to cover it then there won't be any tax liability, just a hassle of documenting it all. The IRS is not concerned with the legality or illegality of gambling. They just want their tax revenue. Just because you got a check from an offshore casino doesn't mean you did anything illegal. You could have been offshore yourself when you placed those bets and there's no law against that. To investigate your internet usage is separate investigation and is something the IRS will not do unless there are other reasons to suspect criminal activity.
I'd do 2900 a week and send bank wires to Neteller after each one arrives. Once you have Neteller you won't have to worry about this type of shit anymore. Neteller also does bank wire payouts and there are no reporting requirements for bank wires as far as I know, not even for stuff over 10,000.
I'd do 2900 a week and send bank wires to Neteller after each one arrives. Once you have Neteller you won't have to worry about this type of shit anymore. Neteller also does bank wire payouts and there are no reporting requirements for bank wires as far as I know, not even for stuff over 10,000.
I'd probably go to one of the Carribean islands.. Montserrat, Anguilla, British Virgin Islands, Turks and Caicos Islands etc..
We don't tax gambling winnings to stop our bookmakers moving offshore, the government gets corporation tax etc from the Bookies so long as they operate here, which beats the 0 if they operate offshore.
We don't tax gambling winnings to stop our bookmakers moving offshore, the government gets corporation tax etc from the Bookies so long as they operate here, which beats the 0 if they operate offshore.
arty:
