Quote:
Originally Posted by Robert Fischer
And if you do play/hit big through an ADW, unless you have your own loophole, expect to be paying taxes.
Anything over 10K is supposed to be an auto CTR.
Even if they give you a break somehow, if you put a 10K check into the bank it will trigger a CTR and probably a short interview. If you try to avoid that (or just happen to win 9K this week and 2k next week) you will almost certainly get a 'SAR' (only slightly better for your than SARS virus if you think you are tax exempt).
Same thing with a voucher at a simulcast. Supposedly you could juggle a little more there, but I would never advise it.
In just the recent past, W-2Gs have been greatly reduced, but in case you plan on doing some big action play, have a plan.
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Just curious, is the C in CTR for cash? So if you're using checks, wires etc why would that trigger anything? Those methods leave a paper trail, I thought the whole idea of needing to be questioned about cash transactions was the reason of no paper trail.
