Got a question for getting payouts from offshore

[jcindaville]

Guys i have a question that maybe some of you might be able to answer. I have won a large amount of money with an offshore and i am able to do a bank wire from the offshore to my account, im a little nervous because of the size of the withdrawal, will the bank flag the money to the IRS because of the size??

I have in the last month gotten checks that i have deposited in the amount of 6500 and now i am doing even more. I am worried about the IRS being notified, have any of you ever gotten a large amount back and had any issues??

Thanks

[plandbill]

anything over $9999 is flagged to IRS by bank as it is law.

[longnex]

Usually banks dont flag anything under 10,000.

[jcindaville]

anything over $9999 is flagged to IRS by bank as it is law.

10000 at one time or 10000 in like a month??

thanks for your response

[jcindaville]

Usually banks dont flag anything under 10,000.

Boss hit again Nex, friggen unreal the roll he is on

[longnex]

10000 at one time or 10000 in like a month??

thanks for your response

10,000 at 1 time the bank needs to file a CTR report. Under 10,000 and you should be ok.

[longnex]

Boss hit again Nex, friggen unreal the roll he is on

And to think I didnt get any of those picks.

[jcindaville]

And to think I didnt get any of those picks.

we cant do trifectas or supers

[Chado1]

Hi there mr. jcindaville....

You must be new here...typically threads are meant to be created in the approriate forum....

In this case you had a question about an offshore acct therefore you should have created this thread in the "offshore and online sportsbook" forum....

Anyway, I am sure you will enjoy this place and the people here are great.... to the forum and nice to have you on board..

[jcindaville]

Hi there mr. jcindaville....

You must be new here...typically threads are meant to be created in the approriate forum....

In this case you had a question about an offshore acct therefore you should have created this thread in the "offshore and online sportsbook" forum....

Anyway, I am sure you will enjoy this place and the people here are great.... to the forum and nice to have you on board..

i did realize i had it in the wrong forum after i started it, im sure the mods will redirect it to where it needs to be.

thanks for the welcome


go habs

[Chado1]

i did realize i had it in the wrong forum after i started it, im sure the mods will redirect it to where it needs to be.

thanks for the welcome


go habs

[Alafan]

Sharing?

Have you considered sharing those plays with the board?

[bryce]

No I don't know JC--but congrats on whatever sum you won. I am set up through an agent--If you can't find out the answer let me know and I will give him a call--I am sure he goes through this as he is pretty big...I think these guys are on the right path though I have heard 10000 at a time regardless of what day.

[robby_morini]

Technically a $9,999 transaction is exempt from reporting unless the bank suspects something funny. A $9,999 raises more suspicion because it has the appearance of trying to avoid filling out a Currency Transaction Report.

I would withdraw half this month, and half next month. Depending on the size of your bank, they may have a specific department that watches wire transfers closely. The bank has a legal obligation to report any suspicious transactions. It is unlikely that two separate wire transfers on two separate months would raise suspicion.

I would have them overnight you a cashiers check. This way is the cleanest and you avoid all sorts of laws regulating cash and wire transactions. Trust me on this one

Lastly, Please start posting your plays, I want to have the problem of accepting a wire or cashiers check from my book.

[Chado1]

Have you considered sharing those plays with the board?

Yea big baller...