Baseball limits

Theres a counter limit which I will hazard a wild guess and say about 5k unlessCeasars has become a pantywaist.

I always laugh when people talk about splitting bets for tax purposes when there are no tax purposes with any flat bet and your parlays are no worries unless the payoff is 600-1 or higher.Taxes ARE the least of your worries.

If you ever show more then $9999.00 while you place a bet or you collect a bet then you will be c-tracked.This is a practice/form that was a result of the Banking Act of 1991 and the purpose of this form is to track money laundering and has NOTHING to do with income or winning amounts  and the IRS has NOTHING to do with this form as far as income.If the IRS were interested in this payout, like you cashed a trifecta,then you would fill out a W-9 and that would be reportrd to IRS and if it were large enough there would be withholding. If this practice was an attempt by IRS to track income then this betting occurance(+10k bet) wouldn't be able to be avoided simply by placing the bet/making the payoff in the form of chips that can be gotten at the cage.I personally have layed bets greater then 20k and received payouts greater then 30k and the bets were done with chips and the sportsbooks perfer that I did it that way because the books consider it a pain in the @ss to deal with the paperwork. If the IRS was so worried about my bets and a lot of other IGNORANT (?) people why would they let the whole transaction slide by just taking my payout in "pumpkins"? (1k orange chips) This High Roller took his chips and thanked the teller and IRS didn't know sh*t cause it weren't nobody's business but my own.When the Vegas books first started this practice in the 90's I filled out a couple of c-tracks until we were told by the books how to avoid this bullsh*t cause they hated them as much as me but the IRS never  said boo about the several I did cause they didn't give a second thought/or need to know.

Bling-funny you use the word ignorant cause this wasn't the first time you've been corrected concerning the matter of taxes/sports bets.You obviously don't know from experience,but this High Roller is only worried about how much he can get down cause after that everything is out of my hands and nothing to worry about anyway.What really got my attention was Rd was just making a question and you injected your stupidity and was a little snide about it too.

I don't use cartoons but I'll meld something- Them that know,do but don't say.Them that don't know,say but don't do..

It's written in english with a few misspells but to boil it down to salient points.In regards to sports bets/Banking Act of 1991/IRS and payouts,it's obvious you don't know what to fukk you're talking about and you appear to repeattedly post untruths that you have made up because you are unaware what is entailled if you were ever CDed.(doubtful) I'll just repeat in passing that when you are pulling things out of your @ss you seem to veer to the snide.

Wrong again but don't let facts confuse your opinions.

Quote Originally Posted by Bling:

So you are saying you have earned income that is not taxed?  hmm, interesting.  You know who would be more interested?  The IRS.  Better hope you never get Audited

Bling bling bling.I only reply because you brought up my audit.I'll keep it short/simple cause you seem to have that comprehension thing.

In the 90's I got CDed for a bet @Stardust for basketball game and I also got CDed @ Mirage for a bet on fight.About 2002 I got CDed at Capital District OTB also for a bet on a horse.On all 3 of these bets the reason I had to file form was because I SHOWED cash in excess of $10,000 and each of these bets I was laying money and nobody at IRS knows if I won or lost because nowhere on the form was anything filed as to what the actual BET was.The only info was amount,name,address,and ss#.I was auditted in 2004 and 2008 and CD never came up cause IRS didn't know sh*t.

If you google Bank Secrecy Act you will see that the act of presenting $10,000 will trigger the form and that means if you lay a bet,win a bet,or buy a car or Dining room set.If you pay with a check,credit card,casino chips,or installment plan there is NO form.If you flash cash you sign.Don't be retarded.

Quote Originally Posted by Bling:

IRS Auditor:  "So 666LES, I see you reported xxxxx as you earned income for 2014.  But our Audit has uncovered a CTRC-N from Ceasers Properties for $20,000 and we didn't see this money reported on your taxes"

666LES:  "ohh, don't worry, that was a sports bet win and those aren't taxable"

IRS Auditor:  "That's a good one.  btw, you owe us $10,000 in back taxes plus interest plus a substantial fine.  Have a good day"

Also just to let me vent you sniviling,cross-eyed,punk, poser.The list of things you know completly nothing about but will post your hallucinations anyway include but are not restricted to:the laying of a bet for real money,the process of laying a large bet for real money,the reason and practice of the Bank Secrecy Act and how/why a CD form is used,how and why anIRS audit comes about and is resolved.

I am positive you have never made a meaningful bet in your entire pretend life. In LasVegas ,you are a tourist and in the sportbook you are a wallflower and a waste of oxygen. You have nothing to say in the matter of real players making real bets.