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    All Forums | Gaming Industry - US

    Question about winnings, withdrawals, and taxes

    rich16979
    Participants:
    Search
    Views: 545
    Posts: 2
     
    rich16979
    rich16979
    Prospect
    Participation Meter
    Joined: Jun, 2012
    Posts: 0
    Posted: Jun. 13, 2012 - 1:22 AM ET #1

    I was thinking about starting an account with 5 Dimes because they seem to have the best reputation for online players (though I still read that some people have had issues with payouts).

    I understand that there are a lot of requirements to actually get paid (making copies of credit card and utility bill etc), but once you get past all of that, how difficult is it to actually get paid?

    I have heard that some US betters have had trouble with the checks from 5Dimes and other sportsbooks bouncing or being seen as fraudulent when deposited at the bank because they come from Canadian banks.

    1) In order to avoid cashing a check from a foreign bank and risk the bank asking a lot of questions, is using Moneygram or Western union any more reliable (less questions asked about where the money came from/more likely to get the money into my bank account with less hassle)?

    2) If you win a large amount of money, how do you explain it come tax time? Or do you just put the money in your bank account and not report it?

    Reply
    To remove first post, remove entire topic.

    I was thinking about starting an account with 5 Dimes because they seem to have the best reputation for online players (though I still read that some people have had issues with payouts).

    I understand that there are a lot of requirements to actually get paid (making copies of credit card and utility bill etc), but once you get past all of that, how difficult is it to actually get paid?

    I have heard that some US betters have had trouble with the checks from 5Dimes and other sportsbooks bouncing or being seen as fraudulent when deposited at the bank because they come from Canadian banks.

    1) In order to avoid cashing a check from a foreign bank and risk the bank asking a lot of questions, is using Moneygram or Western union any more reliable (less questions asked about where the money came from/more likely to get the money into my bank account with less hassle)?

    2) If you win a large amount of money, how do you explain it come tax time? Or do you just put the money in your bank account and not report it?

     
     
    rich16979
    rich16979
    Prospect
    Participation Meter
    Joined: Jun, 2012
    Posts: 0
    Posted: Jun. 13, 2012 - 1:24 AM ET #2

    Has anyone gotten into trouble or gotten hassled because of wiring large amounts of money from foreign countries? That seems kind of shady, and I really don't want to get involved with gambling if it involves too much of a hassle.
    Reply
    Has anyone gotten into trouble or gotten hassled because of wiring large amounts of money from foreign countries? That seems kind of shady, and I really don't want to get involved with gambling if it involves too much of a hassle.
    All Forums | Gaming Industry - US

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