what do you do with all your winnings? try to deposit all your winnings with your bank....and some overachiever teller who just broke up with her boyfriend will report you! Try depositing 10 grand into your bank account and they will flag you for money laundering. Try depositing a little a month and they say your STRUCTURING! You gonna keep 10 grand cash in your house? Another fucked up system where bureaucrats want to control YOUR MONEY! any of you thought about this beforehand? If you want to continue then please I would like to know your method of holding your winnings.UNLESS I believe is the only viable option.....you wager in vegas at a casino and you report your winnings to the IRS at the payout window.With all that said best of luck on that local bookie
Yes under the mat or in my pocket,always did and still do think it's the best way
what do you do with all your winnings? try to deposit all your winnings with your bank....and some overachiever teller who just broke up with her boyfriend will report you! Try depositing 10 grand into your bank account and they will flag you for money laundering. Try depositing a little a month and they say your STRUCTURING! You gonna keep 10 grand cash in your house? Another fucked up system where bureaucrats want to control YOUR MONEY! any of you thought about this beforehand? If you want to continue then please I would like to know your method of holding your winnings.UNLESS I believe is the only viable option.....you wager in vegas at a casino and you report your winnings to the IRS at the payout window.With all that said best of luck on that local bookie
Yes under the mat or in my pocket,always did and still do think it's the best way
from what i understand placing wager online or in person is not illegal.not paying taxes on your winnings is illegal. making book is illegal in the USA.as far as tripping on paying taxes dont...you really think the IRS is looking into your bank account assuming theres less than 6 figures in there?Also important note-offshore sites dont report your payments to IRS, so no paper trail there. only way they find out is by examining your bank statement....BOL out there
Panama casions now charge 5% tax on your winnings!!
from what i understand placing wager online or in person is not illegal.not paying taxes on your winnings is illegal. making book is illegal in the USA.as far as tripping on paying taxes dont...you really think the IRS is looking into your bank account assuming theres less than 6 figures in there?Also important note-offshore sites dont report your payments to IRS, so no paper trail there. only way they find out is by examining your bank statement....BOL out there
Panama casions now charge 5% tax on your winnings!!
Wtf are you talking about, yes I've deposited 10 grand before at a bank and had to fill out some A CTR. Big deal they asked me for my occupation and salary. I make a decent salary so a a 10 grand deposit is not a big deal. With that being said I'll never do that again, and yes I keep cash at my home. I've got about 20k in 100's and 20's.
You said you will never do that again....because if you do they will monitor your account if they see multiple CTR's from tellers. Yea it's nice to have 20k cash around the house but for me personally that's not viable because I need to transfer money to relatives or pay bills via bank.
If you bet big with a local and you win and deposit 10k consistently they will monitor your account and investigate you. When the Feds come to your house what are you gonna tell them your extra source of income? I won it from sports gambling? Idk about you guys but I need the bank to manage my investments.
But what I don't like is when the bank and buearucrats want to control your money which is why they don't want to legalize gambling
Wtf are you talking about, yes I've deposited 10 grand before at a bank and had to fill out some A CTR. Big deal they asked me for my occupation and salary. I make a decent salary so a a 10 grand deposit is not a big deal. With that being said I'll never do that again, and yes I keep cash at my home. I've got about 20k in 100's and 20's.
You said you will never do that again....because if you do they will monitor your account if they see multiple CTR's from tellers. Yea it's nice to have 20k cash around the house but for me personally that's not viable because I need to transfer money to relatives or pay bills via bank.
If you bet big with a local and you win and deposit 10k consistently they will monitor your account and investigate you. When the Feds come to your house what are you gonna tell them your extra source of income? I won it from sports gambling? Idk about you guys but I need the bank to manage my investments.
But what I don't like is when the bank and buearucrats want to control your money which is why they don't want to legalize gambling
I know tellers that reported people who come into the bank with winnings from chicken fighting...because the people don't know any better and flat out tell the teller the money I'm depositing is from my winnings at the chicken fights. The teller then has to report you.
Who gives a garbage where he gets his money and how...the banking system was never intended this way where they can control and monitor your income...its buearucrating bullshit....
I know tellers that reported people who come into the bank with winnings from chicken fighting...because the people don't know any better and flat out tell the teller the money I'm depositing is from my winnings at the chicken fights. The teller then has to report you.
Who gives a garbage where he gets his money and how...the banking system was never intended this way where they can control and monitor your income...its buearucrating bullshit....
Just skip the hassle and just use a local, if you can't find any become friends with the owner or bartender at the most popular Chinese restaurant or go to a bodega in the Bronx
I would but the locals never take any type of future bets. Only can bet for games on that particular day
Just skip the hassle and just use a local, if you can't find any become friends with the owner or bartender at the most popular Chinese restaurant or go to a bodega in the Bronx
I would but the locals never take any type of future bets. Only can bet for games on that particular day
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