For those of you who routinely spend a lot of money on providers,   how do you avoid running afoul of the IRS when it comes to large cash withdrawals and their draconian anti-money laundering bullshit laws and 4th amendment violating, civil forfeiture without cause and/or evidence of a crime governmental theft?

but I have never found it to be a big deal,  I routinely transfer money between companies, and none of my banks think it's any kind of big deal when I draw out five or ten grand in cash. PLUS I carry four or five ATM cards "just in case" and I can draw out about five grand a day if needed from my ATM cards. If I need more than that, I am in trouble. lol

I have been doing this for decades, and never have I had an issue, either with my bank, or any of the branches of government over any of my cash transactions.

If YOU (the person making such withdrawls) is paying taxes, how would it matter what or where you spend money on that is already accounted for? It would be more on the provider to report such large sums, since you have already done so. Less than 10,000 is generally not bothered with, so don't take out the money all at once if you feel you are being chased by the black helicopters. We are the ones who are at more risk for taking the money...not you who is giving it. You could go gamble, give your parents money, a child, a hot new GF, etc. I think you're being rather paranoid, if your money is accounted for.  

unless of course you own a bar or other cash business where you deposit large sums of cash as a matter of course.

IMO though, banks are just like hotels in that they treat you how you allow them to treat you. We know how many guys and ladies alike here worry about how they look when entering a hotel to avoid suspicion, whereas most of us simply look like we belong and hotel management in most cases would not dare to challenge us as we are treated as valued customers.

The same thing holds true for banks, just remember you are the customer, and the bank needs to kiss your ass, not the other way around. None of my banks would dream of giving me the third degree as I have made it plain that the moment I am unhappy with the treatment that I get, me and my money are out of there.

It's $4,000 courtesy of The Patriot Act.  Not sure whether this covers withdrawals though.  Wire transfers, certainly.

and I am willing to wager that I spend a lot more cash than you do.

My bank is accustomed to me making five to ten thousand dollar cash withdrawals on a rather regular basis, and the truth is about half the tellers at one of my banks know exactly what I do with it, I call it my "Charlie Harper" withdrawals. The only question I would ever get from any of the tellers at my bank in Atlanta when withdrawing five or ten grand was "where are you off to this weekend Mr GaGambler?, have a great time" Of course blowing money on hookers in Latin America is perfectly legal, but the point of the matter is, people who act like they are trying to hide something get a lot more scrutiny than those of us who don't

As LR said, I pay taxes on the money I put in, what I do with it when I take it out is my own business. One aside. I almost never return my "Charlie Harper" money back to the bank. If I take out ten grand and only spend five, I just use it for "drinking and hooker cash" until it runs out, which is never very long.

The truth is every time I use my credit card I get an extra twenty dollars in cash, I save this up until I have enough to go hobby. I am able to hobby at least once or twice a year this way. lol

I have another great idea, I have a bunch of wells that I need to drill next year, how about everyone who sends me a million bucks towards drilling those wells, I will keep fifty grand in cash and fed ex an envelope of cash to them whenever they feel the urge to monger. The wells of course are to be drilled in Georgia where there is no known oil production so you will generate a nice healthy tax write off for yourself to boot after I drill all dry holes for you. After all, if I actually hit oil, then you are going to have to figure out how to hide all that money you would be making, it's much simpler to simply lose the money by drilling dry holes, wouldn't you agree?

London you're incorrect on a few points here.  1) Under Title 31 of the Bank Secrecy Act,  Banks are required to submit a Currency Transaction Report for any deposits or withdrawals in excess of $10,000 per day to combat criminal money laundering schemes.  But they're also required to submit a Suspicious Activity Report for transactions that give the appearance of purposely circumventing these transaction amounts.  i.e.  regular withdrawals of $9,000,   multiple withdrawals and separate banks.   The IRS classifies these activities as "structured withdrawals"  and will investigate for possible money laundering.   2)  If you think I'm being paranoid here,  you should do a little research on the IRS and their activities.  Google Schott's Market sometime and you'll see how the IRS has seized the bank account of a small family owned business to the tune of $35,000 without cause,  simply because they were making deposits slightly below the $10,000 limit.   The family has never been accused or charged of any crime,  but the IRS is still holding their money under Federal Asset Forfeiture

That explains why I was asked for ID the last time I deposited 4300....LOOOOONG time ago lol.  Motha fuka! Since when are DEPOSITS into my own account that I have paid taxes on, being looked at? I guess you just told me lol.

I worked for a bank (about 10 years ago) and all we had to report were transactions over 10k in a single day...that was for DEPOSITS IN CASH, not withdrawls. I see things have changed a bit, but the bottom line is if you are paying taxes on every dime you deposit, what the fk are you worried about? It is YOUR money, that you PAID taxes on to do with as you please now. How can you launder your own money that is already accounted for? That is the point I am not getting here. The provider is the one who will have to explain where she got 5k cash from, not you. Your money should be accounted for. Talk to a CPA is all I can tell you. I am not really versed in Accounting or Tax Laws, but I know enough to realize that if you're doing what you are supposed to be doing tax wise, you should not be so worried.  

But Homeland Security is still looking at the transfer, they are simply not doing anything about it.  Just don't try it if you're an agency girl sending money from Dubai.

I agree with you that it's none of the government's business what we do with our money.  But the fact of the matter is that the IRS considers large cash withdrawals on a regular basis to be suspicious activity.  Whether that is wrong or right,  the justification under the Bank Secrecy Act  is that this activity is a red flag for possible money laundering activity.  Again, do a little research and you'll find many instances of private assets seized under Civil Forfeiture based on the IRS classification of suspicious banking activity.   Let's be honest here,  money exchanged in our "hobby" is,  for all intents and purposes,  a criminal enterprise.  And while the government may or may not be interested in prosecutions for prostitution,  they are ALWAYS interested in the money that can be seized as a result.

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to an appointment, just so they will fit in better in the hotel lobby. Yep, a real bunch of geniuses we are working with here.

so I let them live vicariously through me. I know when I lived in Atlanta a couple of them actually looked forward to me coming in and sharing with them what I had planned for the weekend.

Does anyone really think their banker cares if they bang a few hookers with their spare change?

Also make sure to always....ALWAYS do the LE check.  And if you send me $ 1M in cash....I'll give you the secret password.  This message will self-destruct in 10 seconds.

out a couple of thousand a little at a time to build your hobby fund. Place it in a safety deposit box for when you get the urge. I never worry about the IRS. It is not a big thing.

Nope...too many here are scared of their own shadows.  It's the same with some folks who worry that TSA will scrutinize cash they carry on a plane as well.

is that the withdrawals themselves are completely legal and separate from any transaction with a provider.  The bank can't make presumptions about how the money will be spent except in the case of "Mr GaGambler," who won't STFU about it, lol!

Shit...skyjockey would freak out if you sent him an envelope in cash of his own money.  

Yes London,  you are wise and all knowing,  and I'm just a tin foil hat wearing nutjob who who not pay any attention at all to the fact that according to the U.S. Department of Justice,  civil asset forfeitures netted $4.2 billion in 2012.  Nothing to see  here.  After all,  London worked in a BANK don't you know!  I mean,  the IRS would NEVER operate outside the purview of their operational mandate right?  Just ask Lois Lerner

It's mobile...somewhat reliable as well.  It also seats up to 12 comfortably...would make for a terrific party...don't you think?

Yes...you are a paranoid and delusional man.  Put that tin foil hat on and hide in the fucking basement.

Apparently many in TERland do believe that (see skyjockey's thread...oh, we're on it)

but we are equal opportunity here, BSC hobbyists get the same treatment as BSC hookers. I hope the ladies are taking notice that we don't only "pick on them" when they act stupid.

Putting cash in a safe deposit box is illegal.  I worked as a bank teller in college.

He's a troll...doubt he is even a trick. Sounds more like some ass clown trying to figure out how you boys ahem "launder" your money that is already accounted for lol. Wow....

No London,  I am not a troll.  I came  here asking what others have been doing to avoid an issue that DOES exist based on the experiences that others have had with IRS civil asset forfeitures as described in the several links I posted.   This was a reasonable question based on facts,  not conjecture,  and,  silly me,  I actually though I  would get some intelligent and well thought out responses.  You,  however, decided to resort to ridicule without,  as you now admit,  having a reasonable understanding of the issue.   And now,  as seems to be typical with people you disagree with,  you have to resort to puerile name calling instead.   Ass clown?  Lame brain?   Seriously?  Seems  a little beneath even you London.

Do what you want! Where in any of those articles does it say the guy was busted for seeing hookers? We know many people are targeted by the IRS, but not your typical monger who spends less than 20k a year on us...show me ONE provider even that has been busted for tax evasion...NOT AN AGENCY, BUT AN INDY!  

Perhaps some profiling going on here?

Everyone in this thread has NEVER had an issue, but he wants us to start looking out the window like him, I guess. Funny. I have more worries about the IRS in my personal life than the hobby one. I don't make shit here lol.

He's been virtually begging to be mocked, and if we didn't mock him, all the BSC hookers that we mock would be right to claim a double standard.

The long and the short of it is, if you are going to post like a paranoid crack head, fighting the geek monster after a four day jag, peering out the window looking for the black helicopters. Well then, that's just how we are going to treat you.

Why all the vitriol ChgoCPA?   The article I cited describes a case that DID happen and is ongoing.   This isn't speculation from what you describe as a tinfoil hat wearer.  

Unless you are sending $10k or more overseas.  

My first and second responses to you were legit without name calling asking why you were so concerned, and you explained that.  Then YOU accused me of calling you a tin foil wearer when it was in fact CPA who fkin attacked you! There is nothing wrong or mean about this post, so again, direct your comments where they belong...

Again, the IRS shouldn't care,  but they use the excuse that they're combating money laundering.  The weapon they use is the 1970 Bank Secrecy act that was passed as a weapon against large scale drug running operations who use domestic banks as a means of laundering profits from illicit drug operations.  As such,  the IRS requires all banks to file a transaction report for all cash deposits and withdrawals in excess of $10,000 (and as has been pointed out,  the Patriot Act reduced that threshold to $4,000)  They also require a suspicious activity report be filed for any transactions that are made in an attempt to circumvent this requirement  i.e.  multiple withdrawals in the same day at different banks.  In the case I cited (which nobody seems to be acknowledging as the basis for my initial post),  the owners of a small neighborhood grocery store had their bank account seized by the IRS,  merely because their deposit habits were reported to be suspicious.  They have not been charged,  nor convicted with any crime whatsoever,  and the IRS has provided no evidence to that effect.  But under the laws of civil asset forfeiture,  the seizing of $35,000 of a legally run business is legal.   I still don't get why everyone is calling me a troll because I asked a simple question based on this case and the possible legal ramifications for this "hobby"?   When someone asks about a case  that could have dangerous consequences for a provider,  does everyone immediately start screaming troll???

Listen moron...you are trying to cite cases that have NOTHING to do with daily cash deposits/withdrawals.  Yet you want others to believe that because CID was brought into a situation that is clearly (if you have a functioning brain that is) one of profiling...and in all likelihood has been under investigation for some time (as in how much has been wired to Tehran).

The CIA really is monitoring some money transfers.  But this does not validate the fears of some of you, unless you're using Western Union for overseas transfers.  Still it's interesting, given this discussion.

The funny part and like CPA said, is this has always been going on! The OP needs to STOP drawing out so much money and be done with it. Other than that, there is really not much one can tell him. Draw out 200 a week, save it up, and see one hooker a month. No one is forcing him to pay for ass. How have you guys gotten away with large withdrawls for so long? Only you can answer that, and no one is going to be stupid enough to give a play by play of their financial activity on a public board that cops can READ!  

Hows this for intelligent? I spend more on hookers in a year than everyone here I'd wager. I pull out cash every week from my bank. Yes the one that seats 12 comfortably. I know them. They know me. Been doing it for years. Never a question from anyone anytime ever. I even pull lots of cash out of the ATM. I pay more than my fair share of taxes. Never file late. Always make more than my anticipated payment. And in almost 65 years have never even been audited.  

pen up an offshore bank account with a credit card and an international business corporation .  Depending on the complexity you could have an asset protection trust owning the company and also have international trust banking arrangement. This is what I do for a living. send me a message if you want more
details -- the credit card would be used by you to get merchandise or services like an escorts time as well as cash advances.  If you have an atf you could also set her up with an ibc and offshore account.  The possibilities are endless