Question Regarding Withdrawls for P2P

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  • QuangX
    SBR MVP
    • 02-03-11
    • 2756

    #1
    Question Regarding Withdrawls for P2P
    Okay, let say if you want to withdrawl and get paid around 1.5-2k. Would it be safe to request P2P? Will it throw flags up? Will it be taxed?
  • paranoyd androyd
    SBR Hall of Famer
    • 10-01-11
    • 6459

    #2
    yes, major flags and taxed at 75% - best not try this and keep playing with it instead. gl
    Comment
    • QuangX
      SBR MVP
      • 02-03-11
      • 2756

      #3
      Originally posted by paranoyd androyd
      yes, major flags and taxed at 75% - best not try this and keep playing with it instead. Gl
      troll
      Comment
      • playersonly69
        SBR Posting Legend
        • 01-04-08
        • 12827

        #4
        Well technically ANY payout that you receive should be reported to the IRS, SHAME ON YOU
        Comment
        • The Bet Master
          SBR MVP
          • 09-29-10
          • 2665

          #5
          I think anything over 1000 they report anyway? Safer taking 2 750 payouts on each.
          Comment
          • QuangX
            SBR MVP
            • 02-03-11
            • 2756

            #6
            This will be like my first time, in a year, Will they really investigate and raise flags..? If i do two 750 it wont be free.. Is it better just getting a check then?
            Comment
            • iifold
              SBR Posting Legend
              • 04-25-10
              • 11111

              #7
              Your OK Pal...

              Guys like Opie are who they are after...
              Comment
              • QuangX
                SBR MVP
                • 02-03-11
                • 2756

                #8
                sighhhh
                Comment
                • greenhippo
                  SBR Hall of Famer
                  • 02-15-12
                  • 9091

                  #9
                  If you're my brother and I wanted to send you money for your birthday. You think you'd be taxed on that amount? Same thing applies here, west to the union doesn't know it's an online book sending you the money
                  Comment
                  • The Bet Master
                    SBR MVP
                    • 09-29-10
                    • 2665

                    #10
                    I never do over 1K withdrawals but I know there is an amount that forms had to be sent the the government by eastern union. A lot of other guys here probably know.
                    Comment
                    • Waterstpub87
                      SBR MVP
                      • 09-09-09
                      • 4108

                      #11
                      Your not going to get pinched for a 1500$ ** payout. Hundreds of those transactions occur daily.
                      Comment
                      • convick
                        SBR MVP
                        • 11-03-11
                        • 3954

                        #12
                        Just get the damn withdrawal. Cash is king. Any and all income you get should technically be reported and could be taxed. Im not your accountant so I wont tell you what to report or not.
                        Comment
                        • High3rEl3m3nt
                          SBR Hall of Famer
                          • 09-28-10
                          • 8022

                          #13
                          If you are thinking of the most popular book for U.S. players with this question in mind, you're not going to be able to get amount p2p anyway. The most I can get is $990 with one way and $850 with the other way. For anyone who is new to p2p, it's best to avoid sending money to the country that starts with "C" and instead, insist on one of the other ones. I learned the hard way.
                          Comment
                          • PickWinnerAllDay
                            SBR Posting Legend
                            • 08-31-11
                            • 12722

                            #14
                            Originally posted by High3rEl3m3nt
                            If you are thinking of the most popular book for U.S. players with this question in mind, you're not going to be able to get amount p2p anyway. The most I can get is $990 with one way and $850 with the other way. For anyone who is new to p2p, it's best to avoid sending money to the country that starts with "C" and instead, insist on one of the other ones. I learned the hard way.
                            You mean that country where all the Filipino people live?
                            Comment
                            • Deal With It
                              SBR High Roller
                              • 04-29-11
                              • 166

                              #15
                              Originally posted by High3rEl3m3nt
                              If you are thinking of the most popular book for U.S. players with this question in mind, you're not going to be able to get amount p2p anyway. The most I can get is $990 with one way and $850 with the other way. For anyone who is new to p2p, it's best to avoid sending money to the country that starts with "C" and instead, insist on one of the other ones. I learned the hard way.
                              Cambodia
                              Cameroon
                              Canada
                              Cape Verde
                              Central African Republic
                              Chad
                              Chile
                              China
                              Colombia
                              Comoros
                              Congo, Democratic Republic of the
                              Congo, Republic of the
                              Costa Rica
                              Cote d'Ivoire
                              Croatia
                              Cuba
                              Cyprus
                              Czech Republic
                              Comment
                              • High3rEl3m3nt
                                SBR Hall of Famer
                                • 09-28-10
                                • 8022

                                #16
                                Originally posted by PickWinnerAllDay
                                You mean that country where all the Filipino people live?
                                that's what i was told
                                Comment
                                • High3rEl3m3nt
                                  SBR Hall of Famer
                                  • 09-28-10
                                  • 8022

                                  #17
                                  lol Deal...guess which one i was referring to? 2pts
                                  Comment
                                  • QuangX
                                    SBR MVP
                                    • 02-03-11
                                    • 2756

                                    #18
                                    Coasta Rica, Sigh


                                    I might settle for a check, Since technically they have no rights to check my personal bank
                                    Comment
                                    • CRitchie
                                      SBR Rookie
                                      • 03-14-12
                                      • 24

                                      #19
                                      Do the p2p, anything less than $1000 is not investigated. cash out weird amounts not ending in zero and you are good. Checks for less than 5k are good too, the only problem some guys have with checks is waiting for the bank to clear it.
                                      Comment
                                      • Cuse4tw
                                        SBR MVP
                                        • 03-16-10
                                        • 2895

                                        #20
                                        dude its fine...keep it under a grand and you dont sign shit...you will literally walk in fill in a form and someone who gave up on life will hand you your cash.

                                        if they ask why your getting the money, you have the following options:

                                        1. Tell them to kiss your dick
                                        2. tell them to suck your dick
                                        3. tell them that youve never ******* heard of them pal
                                        Comment
                                        • CRitchie
                                          SBR Rookie
                                          • 03-14-12
                                          • 24

                                          #21
                                          lol. just say is to pay someones funeral cost. They will feel sorry and wont ask any more questions
                                          Comment
                                          • 5mike5
                                            SBR Aristocracy
                                            • 09-21-11
                                            • 52053

                                            #22
                                            normally u dont have any problem with 1000+ either

                                            at least if u just go to a grocery store
                                            Comment
                                            • John Dough
                                              SBR MVP
                                              • 09-21-05
                                              • 1785

                                              #23
                                              Here's a thought, just declare your gambling income, pay your taxes, and not worry so much about how to commit tax evasion.

                                              Just an idea.
                                              Comment
                                              • QuangX
                                                SBR MVP
                                                • 02-03-11
                                                • 2756

                                                #24
                                                Originally posted by Cuse4tw
                                                dude its fine...keep it under a grand and you dont sign shit...you will literally walk in fill in a form and someone who gave up on life will hand you your cash.

                                                if they ask why your getting the money, you have the following options:

                                                1. Tell them to kiss your dick
                                                2. tell them to suck your dick
                                                3. tell them that youve never ******* heard of them pal
                                                Lmao, haha, sound cool!
                                                Comment
                                                • theblueprint
                                                  SBR Sharp
                                                  • 10-29-11
                                                  • 276

                                                  #25
                                                  Originally posted by The Bet Master
                                                  I think anything over 1000 they report anyway? Safer taking 2 750 payouts on each.
                                                  You clearly just made that up on the spot
                                                  Comment
                                                  • theblueprint
                                                    SBR Sharp
                                                    • 10-29-11
                                                    • 276

                                                    #26
                                                    I just really wish you guys would learn how taxing runs before declaring hearsay as fact
                                                    Comment
                                                    • High3rEl3m3nt
                                                      SBR Hall of Famer
                                                      • 09-28-10
                                                      • 8022

                                                      #27
                                                      betmaster, you can't just take two smaller ones in row though...you'll have to wait 8 days on average. And whoever said that they won't even ask for your ID or anything, that's a bunch of malarky, unless your buds with whoever's behind the counter.

                                                      One more bit of advice from someone who uses both p2p methods and frequently withdrawls, do not go to a checkcity or any similar place. Made the mistake of doing that when getting $990 and they took my pic., had me fill out a few forms beside the basic p2p cash rec. form. and yah, like someone said, go to grocery stores.
                                                      Comment
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