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#1
12-03-2005, 01:30 AM
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Re: Tax return question
I'm told (by pokerstars and Party) that they do not report any information to any governments regarding customer transactions. Is this a moot point if I'm using netteller and/or depositing cashouts directly to my checking account (so the IRS would be able to track easily)?
Seperate scenario: I cashout for less than $10k from an on-line site via check which I cash at some place other than my personal bank. Appear to be a safe way to cash out and not be accounted for??? 
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#2
12-03-2005, 01:34 AM
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Re: Tax return question
[ QUOTE ]
Seperate scenario: I cashout for less than $10k from an on-line site via check which I cash at some place other than my personal bank. Appear to be a safe way to cash out and not be accounted for??? [/ QUOTE ] Ever try to cash a check at a bank where you don't have an account? Unless it's a branch of the bank it's drawn on, I doubt you'll be successful.
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#3
12-03-2005, 04:17 AM
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Re: Tax return question
[ QUOTE ]
I'm told (by pokerstars and Party) that they do not report any information to any governments regarding customer transactions. Is this a moot point if I'm using netteller and/or depositing cashouts directly to my checking account (so the IRS would be able to track easily)? [/ QUOTE ] I'm pretty sure this doesn't matter if you are audited. I've read (but I'm not sure) that the IRS can simply require you to provide the documentation. So even if the site won't give it to the IRS, the IRS can demand the records from you and you will have to get them from the site. Not positive on that, but it's what I've read and it makes sense.
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