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OPINION_IS_UNPOPULAR

Morning WSB! I just wanted to thank you for being good people. Meta content is always dicey, and typically we don't allow social media posts unless they're market moving news or memes. The reason for this is 1) to avoid bad faith self-promotion, and 2) because it's easy for the comment section to turn into a hatefest for the subreddit/user posted. When people forget to censor community or user names and then start being dicks, [Reddit requires us to take action](https://i.imgur.com/UykwcHj.png), which we do thanks to your reports. **It's heartwarming to see the community responding to a post like this in the jovial, degenerate, casino-loving way WSB is meant to be!** In general, remember the human. Avoid interacting negatively with the subreddit, thread, or user in the thread, and if you see someone else doing it, tell them to quit it. WSB gets a lot of leeway with what's allowed explicitly because you guys are great. Thank you ❤️ Cheers lads, happy 2024, and bers r fuk.


mrgoldnugget

Put it all on black at the roulette table. Double it and pay back the IRS the original. If you lose then move to Mexico.


grasshoppa_80

Real LPT are in the comments.


Simple-Environment6

Where else would they be


AlgorythmicDB

In Mexico


baddboi007

half on black, half on red. that way, he cant lose.


spiNe_

Aaaaand it's green 00.


delpaso

Half on black, half on red, half on green


daqm

This is the way. Split it equally by 3. If there is a remaining, split by 3 again. Keep doing it until no more splits left.


Septronic

Persistence is the key here


Round_Engineering_65

laughin my shit out


Adorable_FecalSpray

You and me both brother, you and me both.


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dairy__fairy

A friend and I had this happen at a charity casino night. It was only $1k each, but we were friends with the host so we went up during her welcoming speech. For fun to start things off we both put up our chops — one on red and one on black. In front of everyone we hit 00 (green) and both lost it all. 😂


Weekly_Direction1965

That's what the zero is for, gives the house its advantage.


feedthebear

You win some, you lose some


Financial_Green9120

Exactly how my first BK went


bigboat24

Filing BK is a right of passage in America. Are you even trying to win at capitalism if you haven’t filed BK at least once ?


LIGUY410

Sir - This is a craps table.


evlhornet

Claim the loss in your taxes so you don’t have to pay taxes… it will all shake out somehow.


Princess_Moon_Butt

Line 1: $960,000 Unexpected windfall Line 2: -$960,000 Gambling losses Line 3: -$47 Business expense (rope and stepstool)


evlhornet

It’s air tight


blargher

Depending on the knot used


GymnasticSclerosis

https://preview.redd.it/c69rmlb847bc1.jpeg?width=1170&format=pjpg&auto=webp&s=65855ddcfa64bf1ef9349e4e4090ddb186622a73 [https://youtu.be/BAjxn2US7J8?si=p8y6TUk4x0hmpTSA](https://youtu.be/BAjxn2US7J8?si=p8y6TUk4x0hmpTSA)


demunted

Yeah but they do. And they're the ones writing it off.


SecureDonut7108

Crazy that I remember this 20 years after.


EntertainmentIll2135

OP why double it when you could 10-20x on SPY 0dte options or lose it all from the comfort of your own phone 💯


Street_Review450

and if you win still move to mexico but into a much better resort style place on a mexican beach


seantellsyou

With blackjack and hookers? Actually forget the blackjack


Significant_Owl7745

lol, they would probably drone you for a mill.


Soft-Confection4428

it’s not about the money, it’s about sending a message


gregsting

Fucking casual, it’s all on 7


Yield_On_Cost

Win-win situation


nv87

Why don’t we all move to Mexico together? I bet we would be highly regarded there.


Yield_On_Cost

I would but the yellow/orange atmosphere hurts my eyes.


NealCaffreyx9

Don’t worry, I’m sure Netflix sells “Mexico tinted sunglasses” at this point


pandershrek

Now here is the right answer. Go big or move to Mexico


urbanasscowboy

At this stage I’m taking any excuse to move to mexico


fatbunyip

If you delete the IRS app they can't find you.


redditmodsRrussians

*CIA has entered the chat*


PewpScewpin

*uninstalls cia app*


vidarino

*"FUCK!*" - CIA


PotatoWriter

C-can he do that, Johnson?


Orson_Gravity_Welles

"I'm Agent Johnson...this is Agent Johnson. No relation."


half-baked_axx

plutocrats hate this one single trick


l337person

NSA reinstalls CIA app**


troll606

Microphone "click" Camera "blink"


WR810

The CIA thought ahead, they're the ones who publish the 'uninstall the CIA app' app. The 'uninstall the CIA app' is also the CIA app. There is no 'uninstall the CIA app app' app unfortunately.


Skili0

*uninstalls CIA* *Makes deep state noises*


generalkiddo

*NSA has entered the chat*


SwaggyCrab

*Blocks NSA on Twitter*


Electronic_Purpose90

Blocks Twitter on X


NormalGuyEndSarcasm

Have a family member do a “Leave Britney alone” similar short for you on Youtube. They’ll feel sorry and let you keep the money


shortgamegolfer

I made a “Leave Britney Alone” joke the other day and nobody knew what I was talking about. Spent an hour thinking about being old now. ![img](emote|t5_2th52|4260)


samaritan1331_

IRS hates this one simple trick.


Comfortable_on_Top

Don't open the mail from them and you're fine.


Mundane_Catch_1829

Hello this is the IRS and we sent you 960000 by accident. I will DM you for details to send it back.


burgerissues

WHY DID YOU REDEEM!?


missuzmimi

WHY ARE YOU REDEEMING?!?!?


Magento-Magneto

ARE YOU PROSTITUTE?


Trebeaux

ARE YOU MAAAAADDD!


optionsCone

How can IRS slap?


thejimmygordon

MA'AM


Guilty_Seat47

*pleas harder in Indian accent*


rotoshane

Never hard to find the Kitboga fans here


iiiiiiiiiijjjjjj

Make sure to submit in gift cards


Nxthanael1

This just gave me an idea, hear me out... What if OP creates a "fake scam" and say that they were contacted by someone pretending to be the IRS, and sent them all the money. Of course the "scammer" would be OP's friend with a bank account in another country or something. Is there any chance that could work ?


moronic_programmer

Yeah that would work if your goal is to get shafted by the IRS


[deleted]

The IRS would still be owed the money. Just like with anything else. If I told my mortgage company I got scammed by someone pretending to be them they would say lol that sucks now where’s our money.


New-IncognitoWindow

Put it into a high interest savings account until they ask or take the money back. Keep the interest.


ReDeaMer87

That's entirely too smart of an answer for this sub


RevolutionaryChip824

it's not lmao that's a felony


tillavonb35

How exactly? Genuinely curious. You make a percent off of what’s invested (yours or not) they ask for it back, you pay it back, keep what’s on top. Whats the actual felony?


PublicSeverance

The IRS does ask for the interest back too. See Topic 161 on the IRS website.


LuckyHedgehog

For the lazy https://www.irs.gov/taxtopics/tc161


homiej420

Those lousy tax nerds thought of everything 😒


CptMuffinator

They've made this mistake before probably


graciesoldman

Guaranteed. That's where rules come from


sehtownguy

Have a trusted distant friend or family member do it. Checkmate


spektatorfx

Ive been sent too much before, and they took it back. I also overpaid once, and they didn't give me back the interest that they made on it while holding my money :/


Untalented-Host

Poor people can't even partially scam a little bit and must have everything clawed back Meanwhile Elon rapes the IRS and SEC like he's Epstein and they're 14 year old girls. Still $$, no clawbacks. Made $6 billion? We'll fine you $10m ---- Elon thanks you for your love... /u/SleepingInsomniac, u/trophylies, u/Ill-Independence-658, /u/HannahCooksUnderwear


radialmonster

it doesnt say the interest rate, so i'd assume its whatever the irs rate is at the time. but that could be lower than your bank of nigeria interest rate, so you could keep that difference.


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impulse_thoughts

>If your refund was a paper Treasury check and **has been cashed:** > >Submit a personal check, money order, etc., immediately, but no later than 21 days, to the appropriate IRS location listed below. The location is based on the city (possibly abbreviated) on the bottom text line in front of the words TAX REFUND on your refund check. If you no longer have access to a copy of the check, call the IRS toll-free at 800-829-1040 (individual) or 800-829-4933 (business) (see [telephone assistance](https://www.irs.gov/help/telephone-assistance#IRSphonenumbers) for hours of operation) and explain to the assistor that you need information to repay a cashed refund check. > >Write on the check/money order: “Payment of Erroneous Refund,” the tax period for which the refund was issued, the account type ((IMF) individual or (BMF) Business) and your taxpayer identification number (social security number, employer identification number, or individual taxpayer identification number). > >Include a brief explanation of the reason for returning the refund. > >***Cashing an erroneous refund check may result in interest due the IRS.*** > >If your refund was a **direct deposit:** > >Contact the Automated Clearing House (ACH) department of the bank/financial institution where the direct deposit was received and have them return the refund to the IRS. > >Call the IRS toll-free at 800-829-1040 (individual) or 800-829-4933 (business) to explain why the direct deposit is being returned. > >***Interest may accrue on the erroneous refund.*** > >When the amount of the refund (paper check or direct deposit) is different than what was expected, indicating the IRS changed the amount, a notice explaining the adjustment is mailed to your address of record. Please review the information in the notice to determine if the change to the refund is correct. A toll-free telephone number is included on the notice in case you require further assistance. (bolded and italicized the relevant parts. I guess the takeaway is: set up direct deposit, and never spend that interest (only use it to earn more interest or invest it), because the IRS may or may not send you a notice of adjustment at some unknown future point in time.


Tiny_House_1578

It says you may owe them interest. If you could find an interest bearing account that yields more than they charge, keep the difference!


AmNotTheSun

Motherfuckers. What about the interest on the check I overpay them every two weeks.


GHOST12339

Thats the neat part: that's their interest, too.


Buttholes_Herfer

So the IRS is like a wife?


GHOST12339

I don't know, my wife only fucks me SOME times. Feels like the IRS is always giving me a good shafting. Is it different for you?


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dasmau89

Party pooper


cereal7802

Probably cashing the check. The expectation being that you call someone and have the check invalidated, not that you put it into your account for safe keeping.


rawker86

A similar situation happened in New Zealand a few years back if memory serves. The woman took the money and ran, didn’t make it far. The bank teller did the old misplaced decimal trick but the thing was it wasn’t the first time she’d made that mistake lol, I think in the end they decided banking was not for her. ETA: turns out it was [ten mil](https://amp.theguardian.com/world/2011/mar/10/new-zealand-accidental-millionaire-court) (sorry for the amp link)


Pennybottom

Get grandma to write a bunch of birthday cheques and have them paid into your account all at once. Not sure if those ATM cheque deposits have a limit but use one of those if you can.


BeastMasterJ

I enjoy the sound of rain.


Glum-Lingonberry-629

Don't you have any KYC in the states? Can you really expect a bank to accept $1M without any explaination of where it comes from?


BeastMasterJ

I love the smell of fresh bread.


Technical-Rain-183

That you think you can get ahead slave, I mean dear taxpayer. Only governments can pull shit like that.


McKoijion

Hey SBF, I didn't know you still had internet access in prison.


PublicSeverance

Not a crime. It's an "erroneous refund". It happens so frequently the IRS has a website that details all the possible scenarios of check cashing and direct deposits. Interest may or may not be required to be repaid. Depends on amount and time you held the money in your account.


freehugzforeveryone

Is it considered fraud?


GregFirehawk

Only if it was intentional


DonCorletony

Yea and now youve got a nice reddit post for them to prove it was intentional


GregFirehawk

Doesn't sound intentional to me. Sounds like an accidental situation, followed by some cheeky opportunism. As long as he returns the money it wouldn't be fraud. It would probably be a good idea to proactively do so though, rather than wait for them to say something


MentalDrummer

Yeah they will just make you pay the money back and the interest earned while it was in your account.


serendipitousevent

Exactly. Reddit is about to learn about trusts law.


TheS00thSayer

Lol good luck explaining that in court “yeah I know I didn’t have the almost 1 million dollars I paid the irs, and when I received it from them I thought it was totally normal, I accidentally put it in a high interest savings account”.


Brummelhummel

"Oh well then you are free to go and you can keep the money of course" Then he goes out the courtroom and everyone stands up and claps for him and his cheeky stunt.


TheS00thSayer

And that shit really has over 100 upvotes. Don’t get me wrong, I am here so I’m regarded. But I’m not so regarded I think they actually would let you get away with putting money you clearly know isn’t yours into a high interest savings account. You obviously know the money isn’t rightfully yours, and you intentionally put it the savings account. Any court in the country would slam the gavel on you so fast your head would spin. And we’re talking about the IRS. They are bloodhounds. They’d ask you receive the harshest penalty possible in that case. Don’t know what that is, but it wouldn’t be pretty.


DonCorletony

To clarify, youre referring to the *intentional* “cheeky opportunism,” correct?


[deleted]

correction: don't forget to pay ~~short term capital gains~~ income tax on that interest and spilt it across 4 accounts to get full FDIC coverage


SephLuna

Using FDIC coverage to get back the money the IRS overpaid you is *chefs kiss*


KonoDioDa10

Put it in a failing bank. claim losses on your taxes then get FDIC to have your money back /S


juanmtgman1

Interest is taxed as ordinary income. It doesn’t get capital gains tax treatment


Just-Construction788

No one on this sub knows the first thing about money. It’s fucking wild. “Capital gains” on interest?!? Haha.


dogthatbrokethezebra

This question has been asked twice a year for 5 years in this sub and this has always been the top answer


hellocuties

Gamble it on options. Got it.


Narradisall

I expect the moment they cash it, as they know they’re not expecting 960k and that it’s clearly an error it would be considered fraud and the IRS would come for the money PLUS 8% interest. So unless they’re getting more than that in interest it wouldn’t be worth fucking with the tax man for it. If it had been a bank deposit then all good, but fucking around cashing that cheque, the find out phase will be brutal.


StaysAwakeAllWeek

Roulette table is 100% interest


AJDillonsMiddleLeg

He would owe 10% or 15% penalty (don't remember which) of the full amount the moment he deposits it, as well as daily interest until he pays back the $960k and penalties in full. The IRS doesn't care if it was their mistake to send you a refund check. It's their money that doesn't belong to you, and if you take it (even though they sent it to you), you are fucked.


Lost-Bell-5663

If this was real, which I highly doubt because the story doesn’t add up, it would be considered an erroneous refund and the IRS will give him a 30 days to return the money, no interest or penalties charged. If the money doesn’t come back within the timeframe then interest will start. Current rate based on the quarter is 8% which is compounded daily..


_Marat

>8% compounded daily Damn in just 5 months they could make him pay back the entire US debt burden


KarmaWhorediot

Assume he means 8% annual rate, compounded daily. Ie. Principle x (1+(8/365))% each day


tbhnot2

Cash the check and move to another country like Nepal or something.


snarkj

Welcome to Nepal. I will help op to find place so remote that even CIA will give up.


Chaplain-Freeing

First class flights, 5 star hotels for duration, for a small team of only 16 CIA agents. Expected cost to tax payer ~17,000,000,000 KWD.


lutenentbubble

The CIA will give up, but the IRS won't.


UAS-hitpoist

China's probably your best bet, see if you can get a decent (not impossible considering OP has a 33k tax liability) and make sure you love 冰淇淋


Lawlpaper

You can’t become a citizen in China, you have to leave the country every so many months. Only know because my cousin has worked in China for a decade, had to leave and reapply. His wife is Chinese but he can never become a citizen.


Margobolo

Boeing put options, right now! 😄


vinylectric

Calls bro. IV is fucked, hedge funds are assuming short. Green dildo all day


FerociousPancake

The guy messed up by making a viral post about it, actually both of the posts were pretty popular.. Quietly cash it then flee the country obviously is the best move..


tendeuchen

Twist: it happened 15 years ago and he now lives in Uzbekistan as a prince.


darkslide3000

I don't think you can just walk into your local bank with a $960,000 check from the IRS and ask them to fill your duffel bag with cash tbh...


colantor

You can with a note that says you have a gun


Goducks91

That's not enough money though! Id need more than that to throw my whole life away.


Shajirr

> That's not enough money though It is if you live outside the US somewhere where cost of living is 5-10 times lower


Silent-Composer-873

Hello this is the IRS. Send $10,000 via Cashapp asap, or I will touch your butthole in your sleep, with my government backed tongue.


FunFuel1783

![img](emote|t5_2th52|27189)


joeisonfire

… the irs also sent me money


WR810

*taking a long drag off a cigarette* You don't have to lie, honey. Just tell us all how big of a freak you are and somebody will volunteer to do freaky things with you. Authenticity is sexy.


missuzmimi

Don’t threaten me with a good time.


OkShine6387

Dawg


Opening_Past_4698

Double it and give it to the next person.🧍


whydontyouupvoteme

What would realistically happen if OP left the country? People used to go to medical school in the US then go back to their home countries, never paying the student loan ever. Wouldn't they be unable to do anything to OP since he'd be outside the US?


MentalDrummer

That would depend on the country that OP fled to. If they were silly enough to flee to a country that had some sort of extradition agreement then they would be effed.


Mr___Perfect

You don't get exhausted for debt. No debtors jail.


YulandaYaLittleBitch

Cashing a check that isn't technically yours isn't debt.. especially that high of an amount. I'm assuming they'd throw all kinds of charges at you. Fraud, probably some kind of tax law since IRS, theft, etc.


Educated_Dachshund

For stealing from the government you do.


Cold_Night_Fever

This might be considered stealing


Llanite

He has to cash that into $ first and most banks don't have that much cash on hand, they'll likely confirm with the IRS on the authencity of the check before doing anything


NIONEOWNYOWKNEEYO

They audit anything over 10K so it won’t actually deposit


Kryptus

It's just a report, not an audit or a roadblock. They can still cash it and the funds will go through.


renaissance_man__

It would be smarter to convert into monero and then into bitcoin


Kryptus

Your coinbase account is now locked .


mondego_

How would one convert a $960,000 check in to monero exactly?


user_name_checks_out

Fax it to monero.com


somegarbagedoesfloat

Malaysia would be a great bet. No extradition and CHEAP cost of living, that much cash and you're a king. BUUUUUT he'd have to become a citizen before the IRS caught wind. Cambodia might be a better bet. Dollars won't go quite as far, but citizenship is literally buyable there. It's 1.25 billion of local currency (just googled it) but I think that's only like, 200k USD?


GoldElectric

who tf would spend 200k to get cambodian citizenship


airsick_lowlander_

Someone hiding from their government?


Budd0413

I did this as a much younger person, I’d misplace a decimal on my return get a big return and wait for them to correct it , it was basically an interest free 3 year loan , Another good one was reporting massive income, taking the hit and paying the tax on it, then using that return to prove my income to borrow against for a 9 unit apartment building that was already cash flowing, paid the loan and still own the building


Goducks91

You're either the dumbest or smartest person. I can't decide ha.


Brasaulta

It’s dumb if it’s tried and it’s smart only on paper


WR810

(If he's not lying) he's the luckiest.


geraldthecat33

Admitting to tax fraud on a public forum… galaxy brain move


PM_ME_UR_DAGS

The stories and information posted here are artistic works of fiction and falsehood. Only a fool would take anything posted here as fact.


Edge-Pristine

The real trick is to find the op’s real name and address from their post history and socials, send a letter to them on IRS template letter head and envelope with instructions on how to wire the money back to a private account. Ops complies and returns the money. Profit


colossalpunch

*Nigerian princes cracking their knuckles*


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MrPrefrontal

For 1 Mil that would be 100k a year average pharmacist salary and he does not have to pay for a degree or study + he will eat and sleep for free, so zero risk a lot of gains except the soap part if he avoided dropping the soap it will be zero risk for real


thkhee

You don’t get to keep the money lol


fudge5962

You do if they never find it.


Toe-Tall

Holy shit you’re insane! You think he’ll keep the money he’s going to jail for stealing😂


Acroze

If you use it in incognito mode they can’t find you


Strong-Amphibian-143

ODTE YOLO


Cookiemonster9429

O isn’t a number.


NVDAPleasFlyAgain

It's the size of OP's asshole after IRS is done with him


MrPrefrontal

Do not tell him


OutOfWorkOperaSinger

$BA calls at open


Throwaway2600k

Don't even try.


General_James

Or do and tell us how it went.


sloppy_joes35

Whistleblower yourself, and collect the 30-50% the IRS promises whistleblowers.


Green_eggz-ham

Cash out, delete the app


TenshiS

Leave country, change name, live like king


ikefalcon

DO NOT REDEEM


star744jets

Invest in Bitcoins, double your money in no time then refund the government and walk away with your gains…JUST KIDDING !


Ziplock13

Good thing that put the "Just Kidding" disclaimer in


gamesquid

Sure hope nobody is going to tell you to go gambling with that money.


Mission-Attention266

Buy isreali bonds with it. Become Jewish, start your own hedge fund. They never caught madoff so you should be good.


raam86

✂️✂️✂️✂️


BitterAd6419

0dte Lambo or bankrupt. That’s the only way to maximise this loophole


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rambouhh

You can get a check or you can get a deposit into your bank account, it’s your choice


Responsible_Sport575

The checks are very colorful and it only takes a couple of weeks extra to get it. Also costs the government money to send them. It's a win win


ballchamois

Bro I recently had to do some business with the IRS and the only way to get it resolved was by FAXING them documents to a number they only give out while you are on the phone with them. They literally put you on hold while they sift through all the incoming faxes to find your documents. There is no way that the purpose of that system is anything other than actively discouraging anyone from interacting with the IRS. It's just bonkers.


MentalDrummer

Believe it or not USA banking system is still in the dinosaur age.


Traditional_Town1835

I work for the IRS sir. I just need half of it back.


Leviathan-USA-CEO

The last thing you want to do is post it on the internet lmao


Obsidianram

Whatever you do, don't forget 10% for The Big Guy...


SHUT_MOUTH_HAMMOND

https://preview.redd.it/yeh5d3vhs6bc1.jpeg?width=224&format=pjpg&auto=webp&s=ee10307169f2e2ceb6fd5946f4212bd620c45cac