http://casinosonlineratings.com/if-i-cash-my-online-casino-winnings-checks-at-a-store-or-liquor-store-and-not-the-bank-will-the-irs-know/ Casinos Online Ratings and Reviews Tue, 13 Jul 2010 07:59:39 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://casinosonlineratings.com/if-i-cash-my-online-casino-winnings-checks-at-a-store-or-liquor-store-and-not-the-bank-will-the-irs-know/comment-page-1/#comment-1945 TheMadPr Mon, 28 Sep 2009 20:12:47 +0000 http://casinosonlineratings.com/if-i-cash-my-online-casino-winnings-checks-at-a-store-or-liquor-store-and-not-the-bank-will-the-irs-know/#comment-1945 A check is a check - the only restriction in the US is on electronic money transfers from financial institutions. As for IRS flags, I believe any financial transaction 10K or above gets tracked - a series of them would certainly garner a look from someone. If you can keep your winnings with the online casino and draw it out in a series of smaller payouts, that might (emphasis might) let you fly under the radar. Of course, your money wouldn't be earning anything while it sits there... A check is a check – the only restriction in the US is on electronic money transfers from financial institutions. As for IRS flags, I believe any financial transaction 10K or above gets tracked – a series of them would certainly garner a look from someone. If you can keep your winnings with the online casino and draw it out in a series of smaller payouts, that might (emphasis might) let you fly under the radar. Of course, your money wouldn’t be earning anything while it sits there…

]]> http://casinosonlineratings.com/if-i-cash-my-online-casino-winnings-checks-at-a-store-or-liquor-store-and-not-the-bank-will-the-irs-know/comment-page-1/#comment-1946 LegFuJoh Mon, 28 Sep 2009 20:12:47 +0000 http://casinosonlineratings.com/if-i-cash-my-online-casino-winnings-checks-at-a-store-or-liquor-store-and-not-the-bank-will-the-irs-know/#comment-1946 I'm not aware of any casinos that use pay pal. Plus, if the check isn't above 10K, no one is going to know. The checks don't say "POKER WINNINGS" on it. I’m not aware of any casinos that use pay pal.
Plus, if the check isn’t above 10K, no one is going to know. The checks don’t say “POKER WINNINGS” on it.

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