Are wires really the best option when moving big money

[rake922]

Like 20-25k all at once.... Are wires the preferred method to move that much around?

[bigboydan]

If you don't have Neteller or something similar it is IMO Mr.Rake.

[ChuteBoxe]

The only way bud.

[BeatTheJerk]

never done it this way .............. doesn't it throw up red flags at the bank to contact the IRS ?????????

[durito]

never done it this way .............. doesn't it throw up red flags at the bank to contact the IRS ?????????

No. A $25,000 bank wire is nothing to a bank. It's a small transaction. 12 $2,000 wires to the same place might "throw up red flags", but that's irrelevant if you are paying your taxes. If you aren't, it doesn't matter if you are sending $100,000 wires, or $250 moneygrams, you are asking for trouble.

[rake922]

No. A $25,000 bank wire is nothing to a bank. It's a small transaction. 12 $2,000 wires to the same place might "throw up red flags", but that's irrelevant if you are paying your taxes. If you aren't, it doesn't matter if you are sending $100,000 wires, or $250 moneygrams, you are asking for trouble.

Durito, how come I seldom come across any threads/posts about guys in trouble with the IRS due to gambling?

[Brock Landers]

i'd say a fed ex cashier's check is even better as it will get there faster.

[Francis Sollozzo]

Three separate bank checks by FedEx , say 3 x 8,000.00 sent in one package

[Justin7]

Durito, how come I seldom come across any threads/posts about guys in trouble with the IRS due to gambling?

There aren't many players that win 50k+ per year. Most of those that do pay taxes on it.

[rake922]

There aren't many players that win 50k+ per year. Most of those that do pay taxes on it.

ok....That's what I assumed....

[durito]

Durito, how come I seldom come across any threads/posts about guys in trouble with the IRS due to gambling?

exactly as justin says. anyone smart enough to win, is smart enough to know that they have to pay their taxes