Survivor - guilty of tax evasion
01-25-2006, 12:43 PM
#1
Thread Starter
Survivor - guilty of tax evasion
So Richard Hatch, the naked guy from "Survivor" is guilty of tax evasion.
http://news.yahoo.com/s/ap/20060125/ap_on_.../survivor_taxes
He's facing a pretty stiff sentence. I remember as a kid, watching "Let's Make a Deal" or other game shows. Even then, I remember hearing that the winners had to pay taxes on the prizes.
I guess he must have thought he could form an alliance with the IRS????
Is his possible sentence the "Norm", or are they making an example out of him?
http://news.yahoo.com/s/ap/20060125/ap_on_.../survivor_taxes
He's facing a pretty stiff sentence. I remember as a kid, watching "Let's Make a Deal" or other game shows. Even then, I remember hearing that the winners had to pay taxes on the prizes.
I guess he must have thought he could form an alliance with the IRS????
Is his possible sentence the "Norm", or are they making an example out of him?
01-25-2006, 01:11 PM
#2
I dont think they are making an example. I think anyone who wins one million dollars on a very popular tv show viewed by millions should expect to be procecuted for tax evasion. He knew going in that he owed the taxes. I am glad to see them proceed. If I have to pay taxes on what little I have, by God a millionaire should also.
He will probably cut a deal and pay the penalty without doing any hard time.
He will probably cut a deal and pay the penalty without doing any hard time.
01-25-2006, 03:03 PM
#3
Thread Starter
Originally Posted by batguano,Jan 25 2006, 05:11 PM
I dont think they are making an example. I think anyone who wins one million dollars on a very popular tv show viewed by millions should expect to be procecuted for tax evasion. He knew going in that he owed the taxes. I am glad to see them proceed. If I have to pay taxes on what little I have, by God a millionaire should also.
He will probably cut a deal and pay the penalty without doing any hard time.
He will probably cut a deal and pay the penalty without doing any hard time.
01-25-2006, 07:02 PM
#5
Registered User
bb- remember that the California lottery is exempt from California taxes, but not FEDERAL! (just in case you win).
Hatch is a liar and a cheat. He claimed that CBS was going to pay the taxes for him. But, as any good accountant knows, he should have reported the winnings, and then taken credit for the tax payment made for him by CBS. But then there was no tax payment, and no reporting of the winnings.
His tax preparer testified that she prepared a return for him reporting the winnings. (with 237,000 tax due plus or minus) Then he asked her how much his taxes would have been if he had not won, so she prepared a return without the winnings, but had him sign a statement that the return was just for his information and was not to be filed. So guess what- that's the return he filed.
The IRS loves to get a high profile case in the news at the start of tax season, to help people "remember" to be honest, since we have a voluntary tax system. This one was perfect for them, and certainly deserving of some jail time from Mr. Hatch.
Hatch is a liar and a cheat. He claimed that CBS was going to pay the taxes for him. But, as any good accountant knows, he should have reported the winnings, and then taken credit for the tax payment made for him by CBS. But then there was no tax payment, and no reporting of the winnings.
His tax preparer testified that she prepared a return for him reporting the winnings. (with 237,000 tax due plus or minus) Then he asked her how much his taxes would have been if he had not won, so she prepared a return without the winnings, but had him sign a statement that the return was just for his information and was not to be filed. So guess what- that's the return he filed.
The IRS loves to get a high profile case in the news at the start of tax season, to help people "remember" to be honest, since we have a voluntary tax system. This one was perfect for them, and certainly deserving of some jail time from Mr. Hatch.
01-26-2006, 02:00 AM
#6
Originally Posted by Morris,Jan 25 2006, 11:02 PM
bb- remember that the California lottery is exempt from California taxes, but not FEDERAL! (just in case you win).
Hatch is a liar and a cheat. He claimed that CBS was going to pay the taxes for him. But, as any good accountant knows, he should have reported the winnings, and then taken credit for the tax payment made for him by CBS. But then there was no tax payment, and no reporting of the winnings.
His tax preparer testified that she prepared a return for him reporting the winnings. (with 237,000 tax due plus or minus) Then he asked her how much his taxes would have been if he had not won, so she prepared a return without the winnings, but had him sign a statement that the return was just for his information and was not to be filed. So guess what- that's the return he filed.
The IRS loves to get a high profile case in the news at the start of tax season, to help people "remember" to be honest, since we have a voluntary tax system. This one was perfect for them, and certainly deserving of some jail time from Mr. Hatch.
Hatch is a liar and a cheat. He claimed that CBS was going to pay the taxes for him. But, as any good accountant knows, he should have reported the winnings, and then taken credit for the tax payment made for him by CBS. But then there was no tax payment, and no reporting of the winnings.
His tax preparer testified that she prepared a return for him reporting the winnings. (with 237,000 tax due plus or minus) Then he asked her how much his taxes would have been if he had not won, so she prepared a return without the winnings, but had him sign a statement that the return was just for his information and was not to be filed. So guess what- that's the return he filed.
The IRS loves to get a high profile case in the news at the start of tax season, to help people "remember" to be honest, since we have a voluntary tax system. This one was perfect for them, and certainly deserving of some jail time from Mr. Hatch.
Clearly the man is a tax cheat. Aside from failing to pay taxes on his Survivor winnings, he failed to report or pay income taxes on other earnings and real estate income.I wonder what made him think he could get away with it.
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01-26-2006, 06:57 AM
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You'd be surprised at the number of folks who don't know about prizes being taxable until after they win. My mother-in-law bought a raffle ticket just to help out a cause and was very surprised when she won a car. Since she doesn't drive, she sold it back but not before that extra income threw her into another tax bracket and made her ineligible for her SS, pharmacy and other benefits she was receiving. She paid the taxes after it was explained to her but vowed to never buy another raffle ticket again NOW that she knows the real consequences.
As for this guy, no excuse.
As for this guy, no excuse.
01-26-2006, 02:32 PM
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He was offered a deal and refused. So he was probably treated like most, but he played the "DON'T YOU KNOW WHO I AM" card and lost. People who aren't famous don't like that card.
I guess Richard Hatch is going to find out how prisoners use his "dick hatch".
I guess Richard Hatch is going to find out how prisoners use his "dick hatch".