does depositing $9900 to my check account seem fishy to the bank+gov?

[doormat]

The reports are called CTR (cash transaction reports) and they go to the criminal investigation division of the IRS. Sounds ominous, but as I said there are millions of these filed every year. It isn't against the law (yet) to have cash, so as long as you pay your taxes on money that is reported you will have no problem. The actual filing of the report does not classify you as a criminal, it just lets the IRS know to expect to see it on your return. I know many blackjack players that have to deal with these reports on a regular basis. Their problem is that they may have to fill out reports on hundreds of thousands of dollars of 10K transactions, making it look like they have earned that much, when in actuality most of it is the same money declared over and over again buying in at various casinos. If you are in this kind of situation you better have good records.

doormat

[MicroBob]

i dont think it looks particuarly fishy.
seems to me you're probably a pretty good player.....not fishy in the least.
Har Har Har Har Har!!!!!!!!
sorry, couldn't resist.

otherwise, informative thread guys.

[eugeneel]

I only read the first post.

As far as what I have been told by the bank manager at fleet. Only CASH deposits over 10k are investigated by the gov't. I deposited a 9k check before and have not had any questions asked.

[skaboomizzy]

I work as a bank teller... the posters here are right on the button. The $10,000 CTR report is for CASH or cash-like items (money orders, cashier checks, etc). A personal check made out to you is solid.

If you walked in with a duffel bag full of $9500 in cash five straight days, they'd have some questions for you. But you're perfectly fine in this situation.

[lefty rosen]

These deposits won't be suspicious if you routinely deposit amounts like this in there, but if you have been deposting pay cheque or small netteller cheques then you could be red flagged. I remember a guy who I knew who played roulette at the local casino in my city telling me because he was young and black and won large a few times that whenever he went to his bank with these winnings he had to explain to the teller why he had a few 1000 dollar bills(they were discontinued 2 years back because of potential money laundering).

[Frozen]

[ QUOTE ]
These deposits won't be suspicious if you routinely deposit amounts like this in there, but if you have been deposting pay cheque or small netteller cheques then you could be red flagged. I remember a guy who I knew who played roulette at the local casino in my city telling me because he was young and black and won large a few times that whenever he went to his bank with these winnings he had to explain to the teller why he had a few 1000 dollar bills(they were discontinued 2 years back because of potential money laundering).

[/ QUOTE ]

Lefty, I think your friend was just bullsh*ting you.
The government stopped printing $1,000 bills back in the Great Depression. Buying one as a collector's item will cost $1,200 at minimum. No way a 'local casino' paid him in G notes.

[Frozen]

...also, he may not have won as much money as is commonly believed. I think the media has been very desirous that a black roulette player do well.

(In order to help make this post flame resistant, I should point out that I'm kidding, and do not agree with Rush Limbaugh's idiotic statement.)

[NLfool]

I guess I'll go direct deposit EFT with neteller if there is a next time. [img]/images/graemlins/smile.gif[/img] GL at the tables.

[lefty rosen]

I am Canadian, and I remember the day they announced the stop of the printing of the bills and I have seen guys getting paid them, and they always had sad looks in their faces like they were stuck........

[goodguy_1]

Biggest ,
Instead of making one or two large cashouts every quarter say.I always EFT my monthly nut for living expenses to my Wachovia checking account.For me that's about 2K per month.Once or twice a month if I'm running real good I will EFT 1K-3K also back to my checking account.Always trying to keep ~ 2K in Neteller for flexibilty.I filed in 1994/1995/1996 as a professional poker player.Last year I filed my first online winnings but I traded equities more last year than I played poker.This year I will again file as a pro.
Pay your fuggin taxes and use all the deductions you can.Cindy is very knowledgable on this.Eugene and Frozen cut the disingenuis bullcrap PAY UP or get the fock outta the country.