This in NO WAY is money laundering... RIGHT?

[AEKDBet]

Created a poker account and played under a friends name for < 1 year.

Now with pending doom am caching out via his neteller, then he EFT's to his bank and writes me a check.

That's fine right?





Backstory was that I had his neteller card and was withdrawing a lot of money that way, which I understand is much more shady, but this way I mean its a [censored] EFT, and a check to my name, so paper trail / hiding nothing, etc.


Thanks for any help, just trying to put my friend at easy and money in my pocket

[stealthcow]

yea its fine if he pays taxes on it

[Haupt_234]

[ QUOTE ]
yea its fine if he pays taxes on it

[/ QUOTE ]

I am 99% sure that the OP will pay taxes, not his friend. Assuming you can dodge gift taxes, transferring the money and responsibility of it over is fine.

Haupt_234

[cbloom]

I think it's fine as long as you pay your taxes on it. You're not doing it to avoid taxes or fees or anything, so should be all legal. Might raise red flags though.

[Guthrie]

It's fine for you. Your friend has a lot explaining to do, and taxes to pay.

[AEKDBet]

would it be better to just transfter it throught neteller and EAT that huge fee

[DeNutza]

[ QUOTE ]
It's fine for you. Your friend has a lot explaining to do, and taxes to pay.

[/ QUOTE ]

Not true...If your friend writes you the check, he can
prove he didnt make any income...You are the one
obligated to pay all taxes.

You just simply claim it as income..His situation
is dependant on many factors and he'll be the
one that needs the accountant to decide exactly
how he's going to write it off.

[StellarWind]

[ QUOTE ]
I think it's fine as long as you pay your taxes on it. You're not doing it to avoid taxes or fees or anything, so should be all legal. Might raise red flags though.

[/ QUOTE ]
There is a U.S. tax form to be filed if you receive gambling winnings on behalf of another person. He may be legally required to do this.

Other than that, if it's really your money (income) then you are the one who owes taxes. But he needs convincing proof or the I.R.S. may not accept his explanation.

You really need genuine legal advice on this.

[E.Z.]

transfer through sites. i dont make that much off my room-mate but have prob transfered 5k through either party, empire and full tilt.

[AEKDBet]

I would tranfer via party but they no longer allow $$$$ transfers to US players....

So it seems accountant is the next step....

That's my verdict, if anyone else has any opinions or whathaveu then please post.... I'll update later