Fishhead said:
I dont do that FISH.
He asked under the radar.
I pay all my taxes Profit-Loses.
But if I were the under the radar type of person(not paying tax on winnings) I would certify my Neteller account giving you the ability to withdrawl $1000 a day at the ATM machine and withdrawl, withdrawl, withdrawl.
Make sure your Neteller account is not linked to your bank account in any way either.
This would give a minimum paper trail. The IRS would really have to go out of there way to get you that like that.
Don Dollars said:
You dont face any fees from the books. Lets say you want to withdrawl $30,000 from pinnacle. Once that money hits your Neteller account you can withdrawl $1000 a day for 30 days without paying any fees from a sportsbook.
You can withdrawl up to $50,000 from Pinnacle to Neteller in one transfer.
Fishhead said:
I have not paid any tax on winnings for three years now.I will have a cashiers check sent fedex when my account gets 1000.00 above my bankroll.Ill do that everytime.As far as huge payouts....they scare me....I just take it as it comes.Im no high roller.
Insiders said:
A big amen to that insiders. not enough people do this but very sound advice.
Don Dollars, i use neteller, but to answer your question i would think to request a check from the sportsbook and then cash the check without having to "deposit" the check in your account. seems to me that would be the best thing to do to stay low profile.
Call me ignorant but how is cashing a check at the bank any different than depositing it?
If you have no money in the account they wont casht he check on the spot. Say you have 3000 in the bank and cash a check for 1500. The will give you the 1500 right away, but is that different than depsoting the check into your account and withdrawing 1500 dollars?
If you have no money in the account they wont casht he check on the spot. Say you have 3000 in the bank and cash a check for 1500. The will give you the 1500 right away, but is that different than depsoting the check into your account and withdrawing 1500 dollars?
No, most banks essentially do a free check-cashing service that isn't leveled against your balances in accounts at that bank. As a customer if you bring them a certified check, cashier's check, bank check or money order (basically anything other than a personal check) they should cash it without any record being kept on your account as far as I know.
There will most certainly be a limit but low four-figures and I'd think you'd be fine.
There will most certainly be a limit but low four-figures and I'd think you'd be fine.
