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Old 10-10-2006, 12:57 PM
MJL MJL is offline
Senior Member
 
Join Date: Dec 2004
Posts: 245
Default Re: Neteller and the IRS

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like many of the players here I use Neteller and am worried about the money i have there. I want to pull it out but i've already made a 9500$ withdrawl a week ago and dont wanna past the 10k limit that requires my bank to notify the IRS. Is getting a e-check and waitin a month to cash it my best option? Or should i just EFT that sucker now?

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Note to self. When trying to cheat the IRS don't write about it on a public forum. Second, They know more than I do. Third, they have more resouces than I. Fourth, someone probably tried this tactic and the IRS could not possible think of a way to find out????

My suggestion, hire an accountant and pay the taxes.

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Do you guys pay taxes on what you win, or what you cash out?

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It would be wise to hire a professional in your state rather than taking advice from unknown sources.
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