1. #1
    rake922
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    Are wires really the best option when moving big money

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

  2. #2
    bigboydan
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    If you don't have Neteller or something similar it is IMO Mr.Rake.

    SBR Founder Join Date: 8/10/2005


  3. #3
    ChuteBoxe
    27+1 = 2011
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    The only way bud.

  4. #4
    BeatTheJerk
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    never done it this way .............. doesn't it throw up red flags at the bank to contact the IRS ?????????

  5. #5
    durito
    escarabajo negro
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    Quote Originally Posted by BeatTheJerk View Post
    never done it this way .............. doesn't it throw up red flags at the bank to contact the IRS ?????????
    No. A $25,000 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.

  6. #6
    rake922
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    Quote Originally Posted by durito View Post
    No. A $25,000 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?

  7. #7
    Brock Landers
    Forever in Debt to your Priceless Advice
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    i'd say a fed ex cashier's check is even better as it will get there faster.

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

  9. #9
    Justin7
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    Quote Originally Posted by rake922 View Post
    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.

  10. #10
    rake922
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    Quote Originally Posted by Justin7 View Post
    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....

  11. #11
    durito
    escarabajo negro
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    Quote Originally Posted by rake922 View Post
    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

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