Quote:
Originally Posted by parisron
Only if you hit something that pays 300 to 1 or something like that. You do give them your SSN when you sign up. They won't report anything unless you are making big deposits/withdraws or several medium size deposits/withdraws, etc and you get a CTR or SAR.
But guess what, you will never know you got a SAR put on you and it will likely get looked at, so if you are not reporting any income, it could be trouble.
i disagree that a sar is likely to get looked at. with the new reporting requirements, virtually everyone in a casino who transacts in any amount of money in the four digit figure or higher will run afoul of these reporting thresholds. if a casino is strictly adhering to the reporting requirements (nearly impossible) they'd be filing hundreds or even thousands of sars a day. if