taxed on cashes?

[Whitewash]

[ QUOTE ]
richard hatch found out the hard way that the answer is "no" for him. he was sentenced to 51 months yesterday.

[/ QUOTE ]

Is this some kind of joke? 51 months for failing to pay tax on $1 million?

[broiler]

Hatch did worse than not pay tax on his big win. He also failed to pay tax on about $250k of other income from a radio station. Hatch also lied about his reasons for not reporting the income in court. His story changed multiple times throughout his trial as the prosecution poked holes in his story. The tax bill after penalties and interest were reportedly greater than the amount of the income that he failed to report, which makes sense with how long he dragged this out in court with his ridiculous claims.

[Shroomy]

http://forumserver.twoplustwo.com/showfl...e=0#Post6709692

[img]/images/graemlins/smile.gif[/img]

[Kevmath]

From this article, it explains why Harrah's is issuing W-2G's and 1042S forms to those who win at the WSOP when others don't.

[Maple Leafs]

[ QUOTE ]
Do non-US citizens have to pay taxes on WSOP cashes?

[/ QUOTE ]
I believe they may withhold some, but you should be able to get much of that back once you're home.