Interchecks

[LongBall52]

Has anyone been paid from a US book through a company called Interchecks. This is a company used by a book in which they send you an email and you must create an account to get paid by check. It looks like I will be paid on 9/14/21 through a paper check.
I have never seen so much to do about very little for so long.

[Optional]

Has anyone been paid from a US book through a company called Interchecks. This is a company used by a book in which they send you an email and you must create an account to get paid by check. It looks like I will be paid on 9/14/21 through a paper check.
I have never seen so much to do about very little for so long.

What book?

Looks like a way for them to offload tax reporting issues, as much as a payment processor, to me.

[LongBall52]

What book?

Looks like a way for them to offload tax reporting issues, as much as a payment processor, to me.

US Book, that I will name as soon as I get the check.

[LongBall52]

I can tell you this. Top management at this book, had to cancel a check because they thought I was in West Va...How , no idea except STUPID!

[LongBall52]

Sent me a link for Interchecks West Virginia and while I was going through all the questions to creat the acct, including secret questions and passwords..I saw that it had been cancelled. Then came another link for Interchecks Virginia.... JUST UNREAL!

[vicksvaporrub]

Betrivers?

[LongBall52]

Betrivers?

You named that tune in 3 notes

[vicksvaporrub]

You named that tune in 3 notes

LOL 👊👊. I am old been doing this shit for awhile

[themike78]

So it takes them 2 weeks to pay? What exactly is the point of using these U.S books?

[vicksvaporrub]

So it takes them 2 weeks to pay? What exactly is the point of using these U.S books?

Prompt payouts and high limits. Oh wait NVM

Pay Taxes I mean

[LongBall52]

I've been paid by 3 US book ..Each was 48 hours or less. Only this outfit has chosen to be pricks! If I get it on time over 3 weeks.

[Optional]

I've been paid by 3 US book ..Each was 48 hours or less. Only this outfit has chosen to be pricks! If I get it on time over 3 weeks.

Hundreds of posts on here claiming there is zero excuse to not pay within hours max.

No excuse accepted, is the normal line.


So you have to wait 2 days, pay higher juice, and then give the govt a % of your winnings to play onshore?

Aint regulation great!!!

[LongBall52]

Hundreds of posts on here claiming there is zero excuse to not pay within hours max.

No excuse accepted, is the normal line.


So you have to wait 2 days, pay higher juice, and then give the govt a % of your winnings to play onshore?

Aint regulation great!!!

Paying taxes means I made money. If 48 hours is too long, probably need to find another hobby anyway. I don't wake up in the middle of the night and say, where's my money. Not playing blackjack hands or table games. Laughable as is BetRivers.

[themike78]

I just don't get why people get excited about these new U.S. books. There is zero advantage to use any of them. I will stay with offshore. I can get paid within 10 minutes, I don't have to pay taxes, and it's lower juice. Just play with the legit offshore books and there is no need for these new U.S. books.

[LongBall52]

I just don't get why people get excited about these new U.S. books. There is zero advantage to use any of them. I will stay with offshore. I can get paid within 10 minutes, I don't have to pay taxes, and it's lower juice. Just play with the legit offshore books and there is no need for these new U.S. books.

You don't have to pay taxes? Are you that special or just a lawbreaker?

paid in 10 minutes....my my. That is just SOOO Wonderful..

[Optional]

You don't have to pay taxes? Are you that special or just a lawbreaker?

paid in 10 minutes....my my. That is just SOOO Wonderful..

He isn't breaking any laws.

There is no federal law that says he must declare betting activity from offshores who do not report to the IRS.


USA govt is actually breaking laws by trying to restrain 100% legal businesses offering services to Americans.

And double-taxation is also against common law principles in Westminster based legal system countries too.


The USA govt is the clear law breaker when it comes to online gambling. And their is no federal US law that says users of offshore books are acting illegally either.

If you would like some proof of that, USA was convicted of illegally violating Antigua's rights to license sportsbooks there and fined $21mil https://www.usitc.gov/publications/3...ng_dispute.pdf

(USA govt also refused to comply with the legal outcome as well. Which is why Antigua were allowed to take their fine via USA owned IP rights.)

[LongBall52]

Likely you'll be fine not declaring your winnings from outside the US because as you say offshore don't report it to the IRS. Odds are in your favor there.
I really hope at some point when all states have LEGAL sports wagering that offshores will die for USA...But probably never happen fully because the IRS doesn't have the manpower to investigate to much of a great degree. I don't do this for a living as you and others do, so I'll sleep well and report winnings.
The End.

[vicksvaporrub]

Gambling on the books is like me buying my weed on the books.

Only going to happen when it’s convenient for me.

[themike78]

Likely you'll be fine not declaring your winnings from outside the US because as you say offshore don't report it to the IRS. Odds are in your favor there.
I really hope at some point when all states have LEGAL sports wagering that offshores will die for USA...But probably never happen fully because the IRS doesn't have the manpower to investigate to much of a great degree. I don't do this for a living as you and others do, so I'll sleep well and report winnings.
The End.

There are some states that will never make it legal. Why do you want offshore to die? In 20 years playing offshore I have never had any issues getting paid.

[hank_kingsley]

He isn't breaking any laws.
There is no federal law that says he must declare betting activity from offshores who do not report to the IRS.
USA govt is actually breaking laws by trying to restrain 100% legal businesses offering services to Americans.
And double-taxation is also against common law principles in Westminster based legal system countries too.
The USA govt is the clear law breaker when it comes to online gambling. And their is no federal US law that says users of offshore books are acting illegally either. If you would like some proof of that, USA was convicted of illegally violating Antigua's rights to license sportsbooks there and fined $21mil https://www.usitc.gov/publications/3...ng_dispute.pdf
(USA govt also refused to comply with the legal outcome as well. Which is why Antigua were allowed to take their fine via USA owned IP rights.)

What kind of fantasy bullshit is this? As a moderator you should at minimum try to separate fact from opinion regarding important topics like tax liability, and not be responsible for spreading obvious lies, which is what you're doing here.

United States citizens are absolutely responsible for reporting all income from betting activity at non-US sportsbooks, regardless of whether those books report to the IRS or not. There is no distinction made in US Tax Code between domestic and foreign sources of gambling income. They are all taxable, regardless of where the gambling occurs or where the casino/book operates or is headquartered.

https://www.irs.gov/taxtopics/tc419

[You must report all gambling winnings as "Other Income" on Form 1040 or Form 1040-SR (use Schedule 1 (Form 1040)), including winnings that aren't reported on a Form W-2G.]

If you have a personal opinion about the US tax code and gambling winnings, then clarify it as such so that you're not lying to people by disguising your opinion as fact.

Whether people decide to break the law and not report their offshore gambling winnings on their tax returns is an entirely separate issue, and one that every person has to decide individually. But it's absurd to lie to people here and try to convince them that their offshore winnings are exempt from US tax law, because they are absolutely not, and there's not even any legal dispute about this.

If you're going to take the risk of not reporting it then at least be honest about it rather than lying about the law. Since offshore books are not reporting to the IRS, I understand why people decide to take the risk. But stop fooling yourselves in the process. Telling people that they're not breaking the law when they very clearly are is dumb, it's dishonest, and most importantly, people in this forum should be 100% informed about the reality of the laws rather than being fed lies.

And by a moderator no less. Come on man, you're better than that and you're doing people a disservice by lying to them about the law and the risk they're taking, no matter how small the chance that they're caught.

I mean how hard is it to say this:

"Yes, US Tax law requires that ALL gambling income be reported on your tax returns regardless of whether it's a US-based book or a foreign-based book, so failing to report offshore income is a violation of US law. However, foreign-based books generally do not report gambling activity of US citizens to the IRS, so there is no automatic reporting system in place like there is with US-based books who must report activity to the IRS above a certain threshhold. Given that reality, the odds of getting caught evading taxes with offshore gambling activity are certainly low. But even if the chances are low, you are still in fact violating the law and are subject to prosecution just like any other form of tax evasion if you're caught, so be aware of that and know the risk you're taking before you take it."

[Shifty]

I've been paid by Interchecks. No issues.

[DontTailMe]

What kind of fantasy bullshit is this? As a moderator you should at minimum try to separate fact from opinion regarding important topics like tax liability, and not be responsible for spreading obvious lies, which is what you're doing here.

United States citizens are absolutely responsible for reporting all income from betting activity at non-US sportsbooks, regardless of whether those books report to the IRS or not. There is no distinction made in US Tax Code between domestic and foreign sources of gambling income. They are all taxable, regardless of where the gambling occurs or where the casino/book operates or is headquartered.

https://www.irs.gov/taxtopics/tc419

[You must report all gambling winnings as "Other Income" on Form 1040 or Form 1040-SR (use Schedule 1 (Form 1040)), including winnings that aren't reported on a Form W-2G.]

If you have a personal opinion about the US tax code and gambling winnings, then clarify it as such so that you're not lying to people by disguising your opinion as fact.

Whether people decide to break the law and not report their offshore gambling winnings on their tax returns is an entirely separate issue, and one that every person has to decide individually. But it's absurd to lie to people here and try to convince them that their offshore winnings are exempt from US tax law, because they are absolutely not, and there's not even any legal dispute about this.

If you're going to take the risk of not reporting it then at least be honest about it rather than lying about the law. Since offshore books are not reporting to the IRS, I understand why people decide to take the risk. But stop fooling yourselves in the process. Telling people that they're not breaking the law when they very clearly are is dumb, it's dishonest, and most importantly, people in this forum should be 100% informed about the reality of the laws rather than being fed lies.

And by a moderator no less. Come on man, you're better than that and you're doing people a disservice by lying to them about the law and the risk they're taking, no matter how small the chance that they're caught.

I mean how hard is it to say this:

"Yes, US Tax law requires that ALL gambling income be reported on your tax returns regardless of whether it's a US-based book or a foreign-based book, so failing to report offshore income is a violation of US law. However, foreign-based books generally do not report gambling activity of US citizens to the IRS, so there is no automatic reporting system in place like there is with US-based books who must report activity to the IRS above a certain threshhold. Given that reality, the odds of getting caught evading taxes with offshore gambling activity are certainly low. But even if the chances are low, you are still in fact violating the law and are subject to prosecution just like any other form of tax evasion if you're caught, so be aware of that and know the risk you're taking before you take it."

Yeah, the IRS definitely expects to hear about all income.

And while you're probably right that the chances of getting caught evading taxes offshore are relatively low, take a look at the 5Dimes debacle. As far as we (think we) know, no customer information was shared with the feds. But it easily could have gone another way.