How did J.Lo make that large superbowl bet?

rowland · Aug 21, 2003

How would you make a large bet that size? Vegas? Offshore?

I also keep hearing about the $10k mark and about keeping it under that. How would she deposit that money into her bank account without being hassled by the IRS?

How do professionals go about doing this? I mean depositing large amounts of funds into their banks account(s). There has to be people out there that make big bets like J.Lo, or make a good amount of money each season. Thanks for the help.

HABSMAN · Sep 14, 2003

J-Lo........Ben.............over

BigGamesOnly · Sep 14, 2003

What were the odds that would happen???

LMFAO!

DannyMay · Sep 15, 2003

I dont think the IRS would hassle someone like her over making a $10,000 deposit. If a person reports $5,000,000 annual income and deposits $10,000 that isnt unexpected.

The IRS tracks $10,000 deposits to catch people who are making big money illegally and not reporting it and thus not paying taxes on it.

You make a $10,000 deposit, the IRS gets notified and they will check your tax returns. If you reported $5,000,000 income last year it will end right there.