Re: Legal workaround/possible $$ laundering for US players?
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Look, what you are theoretically discussing, would run into FBAR, money laundering, tax evasion problems, and probably some I haven't thought of yet. I suggest you just get your own account and suffer though the increased inconviences of cashing. If you get caught under your scenario, they would be able to throw the book at you. It is much safer that way.
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1. I pay taxes on my winnings, as per the tax law. You have to pay taxes whether you withdraw or not. So if I deposit 100,000, lose 50,000, then withdraw the 50,000 I have left, I do not owe taxes on that withdrawal.
2. Reqesting a ck from PS, then cashing it when they send it to me violates no laws.
3. So far, the government does not consider the poker sites "financial institutions", so FBAR does not come in to play.
4. Your post is mostly bs.
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