Hypothetical Payout Question Help

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  • Big Bear
    SBR Aristocracy
    • 11-01-11
    • 43253

    #1
    Hypothetical Payout Question Help
    Okay guys lets say i ever won some money..

    how much of a payout can you request and not draw red flags from uncle sam?

    does uncle same even care ?
  • frizzelli
    SBR Hall of Famer
    • 08-06-10
    • 8916

    #2
    Never fukkin heard of ya
    Comment
    • Big Bear
      SBR Aristocracy
      • 11-01-11
      • 43253

      #3
      ok haha anyone else want to chime in?
      Comment
      • InTheDrink
        SBR Posting Legend
        • 11-23-09
        • 23983

        #4
        Originally posted by frizzelli
        Never fukkin heard of ya f goot,



        Comment
        • Big Bear
          SBR Aristocracy
          • 11-01-11
          • 43253

          #5
          this is a serious question somebody has to know the answer
          Comment
          • ebbearsfb1
            SBR Posting Legend
            • 12-07-08
            • 18815

            #6
            ignore frizzelli ..


            as long as your pay ments are under 10 k i believe you should be fine... dont quote me on that though...

            i know there are posters much better with this then i am... if i make a with draw once a year its a success lol
            Comment
            • The Sensei
              SBR High Roller
              • 12-31-10
              • 200

              #7
              i think over 5k the irs looks into it. also not positive though
              Comment
              • Big Bear
                SBR Aristocracy
                • 11-01-11
                • 43253

                #8
                good to know thanks guys
                Comment
                • Big Bear
                  SBR Aristocracy
                  • 11-01-11
                  • 43253

                  #9
                  so that dude that won 240,000 what would his best move be?

                  is everybody cool with it as long as you pay your taxes?

                  aren't they voting like today or tomorrow to make online gambling legal?
                  Comment
                  • The Sensei
                    SBR High Roller
                    • 12-31-10
                    • 200

                    #10
                    i don't know exactly. Would also like to get this answered but i would guess taking out something like 4900 at a time would be best
                    Comment
                    • Abelesw
                      SBR Rookie
                      • 12-03-11
                      • 11

                      #11
                      I heard that once it's a penny over $10,000 banks must are legally required to notify the IRS.
                      Comment
                      • Smoke
                        SBR Aristocracy
                        • 10-09-09
                        • 48111

                        #12
                        Comment
                        • Big Bear
                          SBR Aristocracy
                          • 11-01-11
                          • 43253

                          #13
                          can irs track m o n e y g r a m ?
                          Comment
                          • Smoke
                            SBR Aristocracy
                            • 10-09-09
                            • 48111

                            #14
                            Originally posted by Big Bear
                            can irs track m o n e y g r a m ?
                            No .
                            Comment
                            • Big Bear
                              SBR Aristocracy
                              • 11-01-11
                              • 43253

                              #15
                              then just take out $800 or less and yall scr8
                              Comment
                              • tto827
                                SBR Hall of Famer
                                • 10-01-12
                                • 9078

                                #16
                                Originally posted by Big Bear
                                can irs track m o n e y g r a m ?
                                Can they, probably yes. Would it be worth their while to track down and catch everyone who doesn't report their ********** dealings to the IRS... No.

                                Unless you're moving thousands of dollars a week, you got nothing to worry about IRS wise.
                                Comment
                                • Smoke
                                  SBR Aristocracy
                                  • 10-09-09
                                  • 48111

                                  #17
                                  Originally posted by tto827
                                  Can they, probably yes. Would it be worth their while to track down and catch everyone who doesn't report their ********** dealings to the IRS... No.

                                  Unless you're moving thousands of dollars a week, you got nothing to worry about IRS wise.
                                  Comment
                                  • Louisvillekid1
                                    SBR Aristocracy
                                    • 10-17-07
                                    • 52143

                                    #18
                                    Originally posted by tto827
                                    Can they, probably yes. Would it be worth their while to track down and catch everyone who doesn't report their ********** dealings to the IRS... No.

                                    Unless you're moving thousands of dollars a week, you got nothing to worry about IRS wise.
                                    tto lives!
                                    Comment
                                    • TheMetsSuck
                                      SBR Hall of Famer
                                      • 01-14-12
                                      • 6147

                                      #19
                                      I heard it was 10,000 or more. If you're worried just get ** payouts for 750 or less.
                                      Comment
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