Cashout Method

[CreamPuff]

I was thinking up hypothetical ways to avoid
a paper trail on my internet cashouts(deposits are in the open). Here
is what I have came up with:

What is to stop me from opening an offshore bank account that does not cooperate with US.
Then bank wiring my winnings to this account.
In a few years after my winnings accumulate enough, I could just take a vacation to this country, get US $ Cash from Bank, and then
FED EX cash back to family in increments that I feel comfortable with. (This way you do not have to deal with Customs, you are just trusting FED EX to get your envelope to the destination).

Also I think sportsbooks should give customers the option of FED EXing cash in say multiples of $1000.00
A signature (ID too if possible)would have to be provided by customer to pick up package as proof that it was received..SportsBooks would guarantee delivery.
They could and should limit this to WINNINGS ONLY.

I am assuming it makes no difference to the sportsbooks if they send a check or cash as
long as you can verify the funds were received. Unless there are offshore laws preventing this.

[sportshobby]

CreamPuff, express deliver envelopes are routinely opened by U.S. Customs perhaps 10% of the time.

And as far as banks not cooperating with the U.S., history shows that this can change as a result of U.S. pressure.

Then when you try to spend the cash and live above your demonstratable means, you make an IRS target for yourself.

Conclusion - it's better to just pay the tax man and earn interest on the leftovers.