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Old 12-23-2004, 03:40 PM
GuyOnTilt GuyOnTilt is offline
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Join Date: May 2003
Location: Southern California
Posts: 2,405
Default Re: Who Reports Their Winnings As Income?

Hey GM,

2. Cashout using NETELLER, and then withdraw the money using a Neteller ATM card. This is easy and convenient, but probably not too safe. That is, I have no idea if the IRS could get access to your Neteller records or not. Anyone know?

Although Neteller isn't a US operation, I'm almost positive their ATM cards issued here in the US are routed through a US bank. You can check. The "safest" way is to get mailed a check and cash it through a check cashing place and pay the percentage fee. I've never used one, but I would imagine if your check is over a certain dollar amount there would be extra paperwork involved, so you'd want to keep the checks on the light side. The real "safest" way is to claim your winnings as income, like you're legally obligated to do. If you want tax reform, start voting like it.

GoT
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