Lottery winner guilty of tax evasion
November 14th, 2021 at 1:31:18 PM
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An Ohio man won a million dollars at the lottery but tried to write off over a million dollars in losses.
After taxes, he collected $790,000 and claimed income of just under 1.1 million dollars, but then claimed 1.1 million dollars in gambling losses. I think it is safe to say his tax return set off alarm bells and the investigation indicated he had sent money overseas without properly reporting to the IRS.
This happened in 2015 and he was inditited in late October of this year, pleading guilty three weeks later.
After taxes, he collected $790,000 and claimed income of just under 1.1 million dollars, but then claimed 1.1 million dollars in gambling losses. I think it is safe to say his tax return set off alarm bells and the investigation indicated he had sent money overseas without properly reporting to the IRS.
This happened in 2015 and he was inditited in late October of this year, pleading guilty three weeks later.
The difference between fiction and reality is that fiction is supposed to make sense.
November 14th, 2021 at 2:11:15 PM
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Nowadays you can buy Bitcoin with the winnings and tell the IRS that Coinbase ate your money.
November 17th, 2021 at 10:27:04 AM
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Quote: ChumpChangeNowadays you can buy Bitcoin with the winnings and tell the IRS that Coinbase ate your money.
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Hmm. A lottery winner could do that, but he or she could be in deeper trouble for fraud/attempted fraud.
One man's offense is another man's humor.
November 17th, 2021 at 11:56:06 AM
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Quote: ChumpChangeNowadays you can buy Bitcoin with the winnings and tell the IRS that Coinbase ate your money.
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Hey coin base really does eat your money
