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Old 12-08-2005, 02:33 PM
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Default Re: Reporting $$ from sports betting

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Aren't checks over $6,000 automatically reported to teh IRS ?

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I think the number is 10k and the form is filed with the Treasury Dept. technically. IRS, IIRC, comes under Treas.

Depending on the size of the bank, if you make a deposit in the ATM machine outside, the night shift processing the checks probably aren't paying much attention to who the check comes from. Just the amount, does it look legit, etc. And large banks run the things thru a machine.
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