Richard Hatch Indicted For Tax Fraud

Is that per count? Because he’s facing ten seperate counts.

For those who want to see, here’s the original two-count indictment and here’s the latter ten count indictment.

I used to work in the slot department in a couple casinos in Nevada, and no, for U.S. citizens, no money is withheld. I paid out a $13,000 jackpot once, and every dollar was given to the winner. If the amount won was less than $1,200 ($1,500 for Keno, for some reason) we would simply fetch the cash from the cage. This is why you see jackpots for $1,199 so often. For $1,200 and over we would get Id from the winner – a driver’s license would do – and something with their SSN on it (Social Security card, pay stub, anything) and fill out a W2-G form. The cash and one copy of the W2-G would then be given to the winner, and s/he would be told that another copy is being sent to the IRS.

For foreign citizens, it depended on whether their country had signed some sort of reciprocal tax treaty with the U.S. Most of them had, and the winner would then get all the cash and a form the treaty demanded. IIRC a copy would go to the IRS who, I assume, duly forwarded it to the appropriate country. If their government had not, though (and Canada was among them) then a percentage (20%?) was withheld from their winnings, and naturally, other forms would be filled out and sent in.

I won $1,000 in the state lottery last year. They asked if I wanted any withheld and I replied no, so I got a check for $1,000 and the W2-G. When I deposited the check, I immediately withdrew $200 and stashed it in a cookie jar where it waits for me to fill out and send in this years’ returns to pay off the extra bite incurred.

I would imagine the IRS is used to the windfall nature of gambling or prize-show winnings and doesn’t get too excited if you get, say a $100,000 bump in your quarterly income in that way. If you’re a professional gambler, you’d have to send in quarterly payments on the estimates, like any self-employed business owner.

DD

Richard Hatch convicted of tax evasion, faces 13 years in prison.

Think he’ll go walking around Leavenworth naked?

Next week on Survivor: Sing Sing. (too bad Alcatraz is closed)

Immunity Challenge: Resisting the latest strain of syphillus spreading through the kitchen.

Tribal Council: Who gets voted outside for a weekend pass.

Endurance Competition: Tattoos from shivs and food coloring. Last one to scream wins.

Wildlife Highlight: Running from the K9 unit. Last one standing winds.