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Thread: Session length when not counting

  1. 12-09-2012, 11:01 AM #14
    White Guy
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    Quote Originally Posted by zengrifter View Post
    "Avoide issues" = structuring
    NO IT DOES NOT... ISSUES are CASINO IDENTITY ISSUES.. NOT TAX ISSUES.

    Avoiding a CTR to avoid giving your identity to a Casino is NOT structuring.. Avoiding a CTR to avoid taxes is.

    The reason an AP would avoid a CTR is to not give up his identity so if he is Backed offed, 86'd ETC.. The casino doesn't know who he is..

    If you are a law abiding citizen and pay your taxes, you have nothing to worry about.

    I assume everyone here pays their taxes, my advice was to avoid the casino, Not Uncle Sam.
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  2. 12-09-2012, 12:42 PM #15
    Norm
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    The purpose of a CTR is to identify people making large cash transactions. Nothing to do with taxes. Structuring is structuring. Motive is irrelevant.
    "I don't think outside the box; I think of what I can do with the box." - Henri Matisse
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  3. 12-09-2012, 01:30 PM #16
    Nyne
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    I don't believe that what I do fits the criteria that the law defines as structuring, specifically with respect to the "purpose" stated in the law. But, I'm not a lawyer, and out of respect for Norm, I'll drop the subject.
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  4. 12-09-2012, 07:33 PM #17
    moo321
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    Back to the original question, I'd say winning or losing a lot are reasons to leave. Also, you probably don't want to be bombing away at a game for a whole shift. 2x$25 for a long time should be fine, but not 2x$1000.
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  5. 12-09-2012, 07:42 PM #18
    zengrifter
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    User is banned, content deleted.
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  6. 12-10-2012, 07:48 AM #19
    moo321
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    Quote Originally Posted by zengrifter View Post
    I don't think it needs to be dropped. Often interpretation of laws and tax laws is part of any business strategy, right?
    But this subject probably deserves its own thread.
    I'm starting one over in the legal section.
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