Wife is getting worried about these checks coming to our house from my offshore accounts, and she wants to know the legality of what I am doing, if I need to declare anything or just hold out till I get audited LOL or maybe thats not funny. Have kept the checks being received at 2500, welcome all replys thanks abunch
collecting offshore
- Thread starter StonesThrow
- Start date
don't deposit the checks. just cash them. don't cash more than 2 a month at your bank. and you should be fine. its up to you if you want to claim your gambling winnings. chances of getting audited are pretty low. 
FWIW, I keep very accurate records of wins and losses and I do claim in years I have winnings, it's worth it for the peace of mind alone, but maybe that's just me
Penguinfan
Penguinfan
Hmm..feel free to send em to my house..I'lll be happy to cash em. I haven't cashed one is quite a long time !!
Yea, Schouest, but the last one you cashed was super-sized, remember, now if you could only snag Hilton's daughter along with his check that would be something.
Penguinfan
Penguinfan
Thanks for the replys, and if I did cash 2 or more and put them in the bank? plus she didnt like the customs stickers on the package, she goes , I havent seen that on there before and I say oh yea it was there again thanks
oh yea and if I declare them, then is that not a confession of illigal gambling ? would you using a local book
Using a local, no, that can't really be traced unless he gives you up and even then it's his word against yours.
On the IRS return form there is a spot for gambling winnings, you do not have to say where they came from, they could be from horses or lottery or bingo, pretty much anything. I would rather declare PROFIT than have them find out about it and look into where the money came from.
Penguinfan
On the IRS return form there is a spot for gambling winnings, you do not have to say where they came from, they could be from horses or lottery or bingo, pretty much anything. I would rather declare PROFIT than have them find out about it and look into where the money came from.
Penguinfan
Last edited:
Do you have one of those check cashing places nearby that cashes stuff no questions asks and maybe charges you a few bucks for the service? Might be worth it if you didnt want to ever bother going to your bank.
