Demand for ID

[21forme]

Yeah and they will answer truthfully. And no given they know I am not underaged it is not answered

Maybe not, but you may be able to get out of it.

I had a 3K cashout not long ago and they asked for ID. I'm well beyond the questionable age, so I asked why. Cashier said, "federal law requires it." I responded, "I'm a lawyer and that's not true It's required at 10K." He cashed me out without ID. You, too, can play the make-shit-up game.

[Iwantmoney]

You are answering to bluff, I am seeking why they so desperate different people demanding for ID. Different topics

[DSchles]

Casinos will tell you: How are we supposed to know when you've reached $10K in a day, if we don't start tracking the movement of the cash before you reach the limit? That's why you're going to catch flak at $3,000. In the larger casinos, with multiple cashiers, just go to the far-left one with $1,500 and then the far-right one with another $1,500.

Don

[Intermediate]

I had an experience at one casino where I bought in for $2K cash and then another $1K cash. Upon the $1K cash buy-in, they said the needed ID, supposedly to track my cash buy-in. I refused, and eventually left the table. Going forward, I always brought chips with me. They didn't seem to care about coming to the table with chips. I seem to remember later hearing that some casinos had instituted that policy to prepare for filing a SAR if it ever got to $10K cash buy in. I don't know if that's the real reason or not.

When cashing chips, I avoid the ID request by keeping the amount to less than $1.5K. I always cash them on another shift on another day, which means after a good win, I'm going back multiple times. Different places seem to have different thresholds for the ID request. I remember at one store in LV, I was able to cash $2K at a time with no questions or ID.

[Iwantmoney]

I am at a non US casino so tax brackets do not apply

[JohnGalt007]

When cashing chips, I avoid the ID request by keeping the amount to less than $1.5K. I always cash them on another shift on another day, which means after a good win, I'm going back multiple times.

Couldn't that be construed as structuring when you write out your tax forms for gambling for the year?

[21forme]

Couldn't that be construed as structuring when you write out your tax forms for gambling for the year?

Only if the total would have exceeded 10K.

[moo321]

• The definition of structuring for evading the transactions in currency reporting is found at 31 CFR 1010.100(xx), Structure. The elements of the structuring regulations are:
  
  
  • A person acting alone, in conjunction with others, or on behalf of others
    
  • Conducts or attempts to conduct
    
  • One or more transactions in currency
    
  • In any amount
    
  • At one or more financial institutions
    
  • On one or more days
    
  • In any manner
    
  • For the purpose of evading the reporting requirements of 31 CFR 1010.311, Filing obligations for reports of transactions in currency, 31 CFR 1010.313, Aggregation, 31 CFR 1020.315, Transactions of exempt persons, 31 CFR 1021.311, Filing obligations, or 31 CFR 1021.313, Aggregation.
  
  

https://www.irs.gov/irm/part4/irm_04...40139512123504

One element is it has to be done to evade the reporting requirements. Denying information about wins and losses to a casino in order to be allowed to continue playing doesn't appear to be an illegal reason to break up transactions into smaller ones.

[moo321]

Double post

[Intermediate]

Couldn't that be construed as structuring when you write out your tax forms for gambling for the year?

It doesn’t change what I document or report as wins/losses for the session. I still document the full win or loss regardless of how I convert the chips into cash.

[Iwantmoney]

Thread is diverted. I am outside US so no tax requirements. However they still are so determined on ID. No idea why