What is the most Potato could wire without the U.S. govt looking into it?

[Potato]

???

 

[Fu Manchu]

10k

 

[FreeFall]

9,995

 

[Potato]

Won't have to worry about the threshold after Potato loses 2 limit bets at Shitbetting.com on 100+ cent arbs with Pinny in WTA.

 

[stevek173]

I heard it was $10k but it's $5k now.

 

[Enigma]

I bet Diyas as an over 100 cent arb and it lost in straights

 

[senco78]

I cashed out an 11K check last week at my bank and teller made me sign something
said they have to notify gov't about it. I believe she said over 10K but wasnt really paying attention, wasnt worrried about it

 

[rito]

5million

 

[MrMonkey]

5million

 

[rito]

It's no more arbitrary a number than the others cited here.

 

[MrMonkey]

It's no more arbitrary a number than the others cited here.

Is there a real number that exists? I mean without asking for your SS# and stuff.

 

[Fu Manchu]

Durito would probably know best

 

[Enigma]

I hear customs is cracking down on transfers made by fruits and vegetables. If you want to avoid scrutiny, keep it under 1,000 USD.

 

[rito]

Are you sending or receiving the wire?

It really doesn't matter. This is nothing illegal or wrong with receiving or sending money to a sportsbook. It is however illegal to not pay owed taxes and it's really best not to try and fuck the IRS.

 

[Fu Manchu]

So, does the IRS have a threshold for caring, so to speak? I was under the impression that it was 10k

 

[rito]

The IRS wants theirs if it's 10$ or 20k. Obviously they are less likely to notice the smaller the amount, but you can get randomly audited for some other crap and if they find 8k of gambling winning that's not reported, they will want their cut.

The 10k everyone talks about was the amount banks had to report for cash deposits (it's now only like 3).

The IRS can get any info they want, but getting a 12k wire isn't gonna throw up flags or anything. Obviously bigger is more likely to be noticed, but structuring transactions to stay below 10k is illegal. Most books can't.won't send more than 10k at a time anyway, though bookmaker/greek have unlimited wire caps.

 

[Tron]

Interesting. Good post durito

 

[Fu Manchu]

Yes, thanks durito