Re: Does the IRS still get alerted if I cash out w/o gambling?
If you buy-in for $20K and cashout for $20K you shouldn't have to worry about the IRS.
If you are really interested in the rules and laws on this sort of thing, look up regulation 6a (nevada). I'm not going to detail the specifics, but that is the regulation that applies here in nevada. Every casino employee who deals with any kind of significant cash or chips is trained in this area.
As for AVOIDING the reporting for regulation 6a, it's bad news if you try it and get caught, an NO casino employee (in their right mind) will ever help you get around the reporting laws, but they certainly will report you if they realize you are trying to get around them. Nevada at least doesn't have much of a sense of humor on this particular topic.
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