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Thread: After your playing session when you walk to the cage, what are your concerns?

  1. #14


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    Quote Originally Posted by Dog Hand View Post
    Counting_Is_Fun,

    Since I usually play anonymously: "How much can I cash in without having to show ID?"

    Dog Hand
    Thanks for your reply Dog Hand, I read it wrong.
    Same here. So what is your thinking on your question...how do you make your decision?

  2. #15


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    Quote Originally Posted by Counting_Is_Fun View Post
    Thanks for your reply Dog Hand, I read it wrong.
    Same here. So what is your thinking on your question...how do you make your decision?
    Most stores I’ve hit ask for I’d for anything higher than 3K. I’ll now start to think: will the notice if I come back to the cage multiple times a day to cash out? All this of course if the cashout is less than 10k, otherwise it would be considered structuring.

  3. #16


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    Quote Originally Posted by AngryCounter View Post
    Most stores I’ve hit ask for I’d for anything higher than 3K. I’ll now start to think: will the notice if I come back to the cage multiple times a day to cash out? All this of course if the cashout is less than 10k, otherwise it would be considered structuring.
    Considered structuring? More like assumed. I’m am not a lawyer. But just because you wish to keep your I.d. secret from possible thieves and databases....How in the world is that structuring? Everyone reports their winnings by the end of the year anyways. And when you do your taxes on how mich you won. It’s your dury to be honest.

    Can we get a lawyer on this topic?

  4. #17


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    Quote Originally Posted by Bricklayer View Post
    Considered structuring? More like assumed. I’m am not a lawyer. But just because you wish to keep your I.d. secret from possible thieves and databases....How in the world is that structuring? Everyone reports their winnings by the end of the year anyways. And when you do your taxes on how mich you won. It’s your dury to be honest.

    Can we get a lawyer on this topic?
    It is truly my intent to seriously limit posting. However, this is such an important topic - what the hell! And though as a Canadian without any real expertise on US tax issues, the concepts are very much the same.

    Bricklayer, sorry, but you’re naive. It would be my assumption that a large percentage of members here do not pay taxes on winnings. Simply the appearance of structuring could lead to criminal charges and very hefty legal fees. And yet, the problem of keeping your ID a secret from the casino hordes is indeed a legit one.

    Regardless of casino policy for showing ID at some pre determined limit, such as 3k, policy is not law unless the amount equals or exceeds 10k, and this includes the cumulative amount of cash ins over a 24 hour period. So, if you’re getting close to a 10k cashout, either stop, or make it worthwhile by really blowing past it.

    Now, there is one other possibility that I have never seen in the forum(s). Canadian tax law, and I’m certain that US tax law allows for the same provision, to contact CCRA or IRS (as the case may be) for a WRITTEN ruling on the issue. A well articulated letter outlining the issues, and the need for secrecy might (and I emphasize, might) result in a written ruling by the relevant tax authority, allowing for the cumulative cashing in of funds exceeding 10k over a 24 hour period, without incurring criminal charges.

    This ruling would almost certainly be limited to the taxpayer in question, though the arguments used, if successful, could be piggybacked by others subject to the same constraints.

  5. #18


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    Quote Originally Posted by Freightman View Post
    It is truly my intent to seriously limit posting. However, this is such an important topic - what the hell! And though as a Canadian without any real expertise on US tax issues, the concepts are very much the same.

    Bricklayer, sorry, but you’re naive. It would be my assumption that a large percentage of members here do not pay taxes on winnings. Simply the appearance of structuring could lead to criminal charges and very hefty legal fees. And yet, the problem of keeping your ID a secret from the casino hordes is indeed a legit one.

    Regardless of casino policy for showing ID at some pre determined limit, such as 3k, policy is not law unless the amount equals or exceeds 10k, and this includes the cumulative amount of cash ins over a 24 hour period. So, if you’re getting close to a 10k cashout, either stop, or make it worthwhile by really blowing past it.

    Now, there is one other possibility that I have never seen in the forum(s). Canadian tax law, and I’m certain that US tax law allows for the same provision, to contact CCRA or IRS (as the case may be) for a WRITTEN ruling on the issue. A well articulated letter outlining the issues, and the need for secrecy might (and I emphasize, might) result in a written ruling by the relevant tax authority, allowing for the cumulative cashing in of funds exceeding 10k over a 24 hour period, without incurring criminal charges.

    This ruling would almost certainly be limited to the taxpayer in question, though the arguments used, if successful, could be piggybacked by others subject to the same constraints.
    Thanks freightman, very informative. My stance is to be willing to show my ID in order not to draw attention to my cash out. It has worked, after all I hit stores where 3-5K wouldn’t be that big of a deal. I’m also not American and not taxed for casino winnings. Only once I’ve been above the CTR/SAR threshold of 10k for a buy in, sadly I was playing rated, I lost $1k and I had to split 10,10vs6 (TC +8) in desperation. Sadly this obviously caused my only ban so far.

    Since then I track my buy ins to know wether to cash out in full or a few yellows at a time.
    Last edited by AngryCounter; 01-22-2020 at 07:08 PM.

  6. #19
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