The official NETELLER thread. (First 40 days.) #1 of 2.

[mntbikr15]

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The IRS investigates tax invasion.

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OH NOES THE TAXES ARE ON THE OFFENSIVE....RUN!!!

[ericp42]

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The IRS investigates tax invasion.

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OH NOES THE TAXES ARE ON THE OFFENSIVE....RUN!!!

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lollers! Spelling humor rocks! [img]/images/graemlins/laugh.gif[/img]

[mntbikr15]

Normally Im not one to care....that one just made me chuckle though

[JohnMarkCar]

Mike Haven, you ARE quite the genius when it comes to online poker insight!
why does your picture look so bad for someone so up to date on computer software?

[pauliewalnuts]

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The IRS investigates tax invasion.

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OH NOES THE TAXES ARE ON THE OFFENSIVE....RUN!!!

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Very nice.

[headturner1]

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Very nice.

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what the hell is a picture of MC Hammer doing in your avatar?

[Bob T.]

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I want to nip this in the bud. You (and everyone else) with tax questions needs to talk to a PROFESSIONAL. Find a qualified CPA and/or tax attorney to answer your questions.

Seriously. Don’t screw around with taxes and the IRS. I’m not qualified to give tax advice, and honestly, neither is anyone else on an internet forum or blog."


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[Central Limit]

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I work at a Casino. You can cash out as much as you want and not pay taxes from table games. BUT at 10,000 a CTR (cash transaction report) is sent to the IRS. Not showing you made anything, but rather showing you took 10,000 in cash and now the gov has a record. I'm sure an audit is on the way if nothing is claimed as a win/loss.

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This is not true. CTR's are sent to the Treasury Department, not to the IRS. The Treasury Department investigates money laundering, not tax evasion. The IRS investigates tax invasion, not money laundering.

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The IRS is a division of the Treasury Department. The IRS processes CTRs for the Treasury Department.
The IRS and CTRs

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This is what I'm trying to say:

Those CTRs are handled by FinCen. IRS can access them if they choose to. IRS submits a request to FinCen when they want to look at CTRs on a particular person. I'll attach a quote from the website below. But my point is that the IRS does not look at each and every CTR. They have access to all of them, but they only look at a few of them.


from the website:

"Although the CBRS data base resides at the IRS Detroit Computing Center, Financial Crimes Enforcement Network (FinCEN) is the regulatory agency responsible for the information contained on currency transaction reports. FinCEN was appointed official responsibility under the Bank Secrecy Act (BSA) statute. FinCEN contracts with the DCC to input and preserve the data for access by federal, state, and local law enforcement agencies.

Other Federal, State, and Local law enforcement agencies can gain authorized access to CBRS through the FinCEN Project Gateway. The foundation of Project Gateway is providing access to BSA information to assist state and local law enforcement agencies with their anti-money laundering and financial crimes investigations nationwide. All 50 states, the District of Columbia and the Commonwealth of Puerto Rico maintain signed agreements with FinCEN authorizing their access to the Gateway system. During Fiscal Year 1997, Gateway’s authorized users completed over 57,660 queries on the system."

[Wilco666]

Although the way NETELLER handled the US situation horribly, I can say first-hand they still pay out European customers in a timely fashion. Withdrew to my bank account, and six days later the money is there.

Looking forward to a new e-wallet with decent customer service, though.

[beernutz]

If you had said that in the first place I would not have replied in the second place.

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I work at a Casino. You can cash out as much as you want and not pay taxes from table games. BUT at 10,000 a CTR (cash transaction report) is sent to the IRS. Not showing you made anything, but rather showing you took 10,000 in cash and now the gov has a record. I'm sure an audit is on the way if nothing is claimed as a win/loss.

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This is not true. CTR's are sent to the Treasury Department, not to the IRS. The Treasury Department investigates money laundering, not tax evasion. The IRS investigates tax invasion, not money laundering.

[/ QUOTE ]

The IRS is a division of the Treasury Department. The IRS processes CTRs for the Treasury Department.
The IRS and CTRs

[/ QUOTE ]


This is what I'm trying to say:

Those CTRs are handled by FinCen. IRS can access them if they choose to. IRS submits a request to FinCen when they want to look at CTRs on a particular person. I'll attach a quote from the website below. But my point is that the IRS does not look at each and every CTR. They have access to all of them, but they only look at a few of them.


from the website:

"Although the CBRS data base resides at the IRS Detroit Computing Center, Financial Crimes Enforcement Network (FinCEN) is the regulatory agency responsible for the information contained on currency transaction reports. FinCEN was appointed official responsibility under the Bank Secrecy Act (BSA) statute. FinCEN contracts with the DCC to input and preserve the data for access by federal, state, and local law enforcement agencies.

Other Federal, State, and Local law enforcement agencies can gain authorized access to CBRS through the FinCEN Project Gateway. The foundation of Project Gateway is providing access to BSA information to assist state and local law enforcement agencies with their anti-money laundering and financial crimes investigations nationwide. All 50 states, the District of Columbia and the Commonwealth of Puerto Rico maintain signed agreements with FinCEN authorizing their access to the Gateway system. During Fiscal Year 1997, Gateway’s authorized users completed over 57,660 queries on the system."

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