somtum said:
I'm not just thinking about the money being reported to the IRS but not letting the casino know how much your winnings really are.
Allow me to point out a very common misconception that people have: CTR's are reported to the Treasury as a way of screening for money laundering, not to the IRS for tax purposes.
The IRS doesn't care - they really, really, really don't care - where you get your money from, even illegal sources, so long as you pay taxes. Just ask Al Capone. The IRS makes no special effort to make sure people are reporting their taxes correctly outside of the W-2G's that are filed when you make a big win.
Now, the Treasury doesn't care if you pay taxes on your money, so long as they know where it came from. You might have cashed in with $10,000 and left with $12,000 or in with $12,000 and out with $10,000, they want to watch those bricks regardless.
People get this idea from TV shows (or Zen Zone
) that the government is this super-networked, information-sharing, well-greased information processing machine. It's not. Different organizations don't share information with one another, they have little turf wars, and they all use different forms and different lingo in order to ensure minimal productivity. There is no central CTU-like agency which can pull up your tax records and cross-reference them with your CTR's, get your cell phone number from your driver's license records and then triangulate your location and zoom in with a spy satellite camera -- for better or for worse.
Even if they wanted to use your CTR's to check your tax returns, I doubt they could. And if they could, I bet you'd have to be a high-value target like Al Capone before they bothered.
There are good reasons to keep chips, not filing a CTR is not one of those reasons.
And pay your damn taxes, regardless of whether you're getting CTR's or not.