30K up on offshore book.

Let's say a certain someone was up $30,000 on a certain offshore book.   What's the best way to systematically, or request lump sum withdrawl(s) to avoid detection in a personal bank account?  Goal is to avoid Federal & State tax ramifications.  I've thought cash via western union or physically taking a trip/vacation to the book to get the cash?  Didn't know if you sharps out there in "coversland" had a better idea.  Thanks in advance.

wow- get on the plane

Send me your credit card, Drivers license, and billing address along with the site, username and password.

I will look into it for you.

go take a vacation buddy

Start posting your picks.

Good Luck, man. I hope you get your money.

 

Keep us posted about whether you were able to get the funds pretty easily.

Some times I really don't trust these books to actually pay off.

AND I'd be VERY leery about traveling. You can be sure they will be watching you if you show up and suddenly want a big withdrawal. I think it's important to remember that you are in a foreign land. Maybe check with the consulate so they know you are there IF you feel you must go. I wouldn't.

just withdraw it little bit at a time.  I do not think you will be able to receive it if you go there in person. 

You're probably going to P R or jamacia not the Congo. CALL them and ask about withdrawls in person. Personally I like the idea and they may have a promo for players/guests. ASK....

Thanks for the tips, I'll let that "certain someone" know.

anything under $9,999 should be okay in the USA

keep it under 5K per withdraw and do them several days apart. i've been in that person's shoes before and that is the best way. it takes patience and if you are with a good book then this is the smartest way. my book sends to a third party payer and then i get bank wires to my checking account. they are international and the banks charge me a fee and they probably have a guess where it is coming from, but the gov't wont get involved if it is less than 10 K (i still think 5 K is  better). if you try a lump some, then you will get investigated. i had my bank call me once and i had to tell them it was from stock market investments. you dont want to be on their radar. patience, patience and more patience. if you are disciplined and don;t play that much while you are waiting to take out your money, you can buy a car and have a custom plate like i do...

THNX BDOG 

I really don't think it matters.  Whether u get paid by check or wire, I don't think it will matter.  To be safe, keep it under 10 grand.

I'm up over 50 Dimes right now, but I'm letting it ride!!!! 

Great job   

The information regarding the banks $10K rule is incorrect. They can file the paper work with the govt on any size deposit they feel is questionable. The rule actually is over $10K in 6 months has to be reposted.

A bank that see's a customer deviate from normal activity like not having large wires but then having $3-5K wires every week or two will report it in all likelyhood but there is only a small chance the Govt will inquire into it unless the figures are very large (6 figures)

Thanks GopherNation12, great informative post!

You are quite welcome. I hope everything works out to "that persons" benefit. GL