Did a search, yet did not find answers to these specific questions for a decent-sized wire for US Players. Please, serious answers only.
Let's say Im up to 15k, don't want a check or p2p. So I opt for wire:
1) In my bank account, where will it show the wire coming from? A person? A bank? A business? What will be the description of where the wire originated.
2) if the bank contacts and asks where/what it's for, what do I say? Please no responses like "mind your own FKN business!"
Do I say it's gambling winnings? Poker winnings? A business transaction?
Or.....will they know where it's from without having to ask?
3) when I pay my taxes, will I be questioned about why the money I'm claiming as gambling income came from a large wire? Will this present a problem because the IRS will realize this wire was a offshore gambling payout in disguise?
Or will they not care that it was wired from an offshore book?
Just curious if they will say:
"if this large wire is gambling winnings, why is the description on the wire say Bobs Internet Electronics?"
Thanks for any insight.
Let's say Im up to 15k, don't want a check or p2p. So I opt for wire:
1) In my bank account, where will it show the wire coming from? A person? A bank? A business? What will be the description of where the wire originated.
2) if the bank contacts and asks where/what it's for, what do I say? Please no responses like "mind your own FKN business!"
Do I say it's gambling winnings? Poker winnings? A business transaction?
Or.....will they know where it's from without having to ask?
3) when I pay my taxes, will I be questioned about why the money I'm claiming as gambling income came from a large wire? Will this present a problem because the IRS will realize this wire was a offshore gambling payout in disguise?
Or will they not care that it was wired from an offshore book?
Just curious if they will say:
"if this large wire is gambling winnings, why is the description on the wire say Bobs Internet Electronics?"
Thanks for any insight.