/biz/ - Business & Finance

Hello /biz/,

I recently returned from a trip to Vegas where I won $100,000 in cash over the course of 2 weeks. Now, I didn't win the entire amount playing for 2 weeks straight, but rather I won this amount during my first day there (started with $30,000 in capital). The reason I stayed an extra 13 days was because casinos have this weird regulation where if you cash out over $10,000 in the course of 24 hours they have to report your gambling winnings to the IRS for you. So, what I did was I cashed out $9500 in chips everyday until the 10th day, during which I then smuggled the cash back to my hometown. So here I am. $100,000 richer than I was two weeks ago.

My question then, is....How do I deposit my cash without drawing attention from the government? I know federal agents can seize your cash if you structure your deposits (aka smurfing) at banks. So I don't want to do that. I've also read that it's better to just deposit the whole amount so as to attract less suspicion. But I don't want to pay taxes on it. Keeping the money is a big risk too since anybody could just break into my home and steal my cash.

Is there anyway I can cheat the system and get away with it?

Thanks for listening.