I've been playing the same sportsbook/casino for 10 years...losing most of the time, but I have received a few checks (via DHL...couple hundred dollars to $1,500 max). Again, I was probably down at least $15-20K over the past 10 years. Early this week, I hit a $1 progressive slot machine for $232,000. Never would have imagined that happening!
Instead of feeling good about this, I now am facing the challenge of tyring to move these winnings into the U.S. (Pennsylvania, specifically). I am not trying to evade paying the taxes on the winnings. I would be glad to pay the 40%! However, I don't want to be arrested/possibly jailed, or have all of the money be taken from our crazy federal government, just because I transferred money into my bank account from my offshore sportsbook/casino.
ANY ADVICE?
Instead of feeling good about this, I now am facing the challenge of tyring to move these winnings into the U.S. (Pennsylvania, specifically). I am not trying to evade paying the taxes on the winnings. I would be glad to pay the 40%! However, I don't want to be arrested/possibly jailed, or have all of the money be taken from our crazy federal government, just because I transferred money into my bank account from my offshore sportsbook/casino.
ANY ADVICE?