The Tax Man Cometh: Richard Hatch Didn't Report His $1 Million Prize On His Taxes

BrewMaster · 01-19-2005, 09:06 AM

Quote:

'Survivor' Winner Hatch No Match for U.S. Tax Man
Reuters

BOSTON (Reuters) - Richard Hatch evaded getting kicked off the island to win $1 million on the reality-television show "Survivor," only to be accused of dodging the tax man on his earnings.

Hatch will plead guilty to tax evasion after federal prosecutors charged him with failing to report the $1 million winnings in 2000 and more than $300,000 he earned the following year from radio appearances.

The U.S. Attorney's office in Providence, Rhode Island, announced on Tuesday that it had charged Hatch, 43, with two counts of filing false tax returns.

Hours later, a copy of Hatch's plea agreement was posted on The Providence Journal's Web site. Hatch's attorney, Justin Holden, said the document was authentic but declined further comment on the case.

The charges against Hatch carry a maximum sentence of up to 10 years in prison and a $500,000 fine, but the government said it would recommend a lesser sentence. Hatch, who lives in Newport, Rhode Island, is due to appear in court next Monday in Providence, prosecutors said.

The first "Survivor" became a ratings sensation for CBS and helped spark a boom in reality-based TV shows.

Hatch, who wandered around naked on the show and who was once described by a fellow contestant as a "snake," was not immediately available for comment.

maybe it's just me, but when you win $1 million dollars on TV, it's kind of hard to hide that income from the IRS...

~~Cantacuzene~~ · 01-19-2005, 09:30 AM

What a moron.

WhiskeyPapa · 01-19-2005, 09:57 AM

Yeah, when I read this, my first thought was "what was going through his head?"

This guy will be absolutely penniless by the time this shakes out.

BrewMaster · 01-19-2005, 10:18 AM

i've never seen the show and i don't know anything about the guy, but you've gotta be completely retarded or get horrible financial advice to think that that IRS won't notice that you go from nothing to being a star and they don't get their piece.

ray · 01-19-2005, 10:29 AM

what a schmuck

~~Cantacuzene~~ · 01-19-2005, 10:41 AM

I hope he gets jail time. Wouldnt that be funny.

mcs328 · 01-19-2005, 10:46 AM

well doesn't he owe taxes on the mil PLUS the Aztec he won?? yeah...what an idiot. I vote for some jail time and whatever penalty. He should fire whatever accountant he has.

BrewMaster · 01-19-2005, 10:52 AM

Quote:

Originally Posted by Cantacuzene

I hope he gets jail time. Wouldnt that be funny.

they could make a whole new Survivor show out of it. The host could be a large man named Bubba.

DarkFury · 01-19-2005, 11:15 AM

Quote:

Originally Posted by BrewMaster

they could make a whole new Survivor show out of it. The host could be a large man named Bubba.

Heh... Survivor Penitentiary

Starring "Richard Hatch"...

Heh.. I wonder if he'll dare "git nekkid" in front of Bubba....

Don't Drop the Soap!!!

Jane83 · 01-19-2005, 11:21 AM

easy come easy go

whitak24 · 01-19-2005, 11:28 AM

Quote:

Originally Posted by mcs328

well doesn't he owe taxes on the mil PLUS the Aztec he won?? yeah...what an idiot. I vote for some jail time and whatever penalty. He should fire whatever accountant he has.

but this just in: it has been determined that the pontiac ASStek has a total value of $0 due to its terrible asthetics. consequently, he owes no taxes on it

but you're right. the retail value of the aztek will be included in his income from the winning.

BrewMaster · 01-19-2005, 12:25 PM

DF and whitak24, you guys cracked me up with those.

GracieBayb · 01-19-2005, 12:47 PM

Quote:

Originally Posted by Cantacuzene

I hope he gets jail time. Wouldnt that be funny.

hahahaha... that'll make an interesting new take on the Survivor series!

bachviet · 01-19-2005, 01:08 PM

He's stupid to think that he could hide that much earning from the tax man and not being noticed.

Merlin · 01-19-2005, 01:23 PM

Tax evasion - that's how they got Capone.

WhiskeyPapa · 01-19-2005, 01:42 PM

Quote:

Originally Posted by mcs328

He should fire whatever accountant he has.

I think that's part of the problem - he probably didn't have an accountant. If you read the actual complaint, you'll see that he deposited the full $1M into his personal checking account. He also didn't file his 2000 taxes (the year he won the million) until November 2002.

BTW, the latest news is that Hatch has agreed to plead guilty to two counts of tax evasion, and prosecutors say they will recommend a reduced sentence.

Bires · 01-19-2005, 05:22 PM

Quote:

Originally Posted by Cantacuzene

What a moron.

Hey! Cool! Another thing Canta and I agree on!

Quote:

Originally Posted by kb0wwp

IIf you read the actual complaint, you'll see that he deposited the full $1M into his personal checking account.

And if someone would have robbed that bank electronically...bye bye $900k?

Quote:

Originally Posted by DarkFury

Starring "Richard Hatch"...
Heh.. I wonder if he'll dare "git nekkid" in front of Bubba....

Don't Drop the Soap!!!

From what I heard...he would be into that.

nickel · 01-19-2005, 05:34 PM

what was he thinking?

oh... he wasn't.

Booyamos · 01-20-2005, 12:12 PM

well he could argue that he didn't make the money in the united states because he was on a tropical island wherever the show was. though it was a US company paying him. But either way he is just plain stupid. should of hired an finacial planner and figured out how to invest it what not instead of putting all of it in his checking account.

BrewMaster · 01-20-2005, 12:24 PM

Quote:

Originally Posted by Kacarp

well he could argue that he didn't make the money in the united states because he was on a tropical island wherever the show was.

actually, even if it wasn't a US company paying him, you couldn't argue that. unless you spend more than half the year outside of the US (180+ days) you have to pay taxes for the whole year. my fiancee lived in Turkey for 2 years so I got to learn some of these things.

bottomline? yes, he's as big of a moron as we all think.

Merlin · 01-20-2005, 01:35 PM

even if he was an ex-pat he would still need to pay taxes. Uncle Sam has his hand out no matter where you are and no matter where the $$$ comes from.

Grubbie · 01-20-2005, 04:10 PM

Quote:

Originally Posted by Cantacuzene

I hope he gets jail time. Wouldnt that be funny.

But he would LIKE THAT, get to walk around naked as a gay guy in jail... I think he would find plenty of things to do...

BrewMaster · 01-20-2005, 04:48 PM

Quote:

Originally Posted by Grubbie

But he would LIKE THAT, get to walk around naked as a gay guy in jail... I think he would find plenty of things to do...

i don't think he'd be DOing anything. i think he'd be the one getting done.

01-19-2005, 09:57 AM	#3
WhiskeyPapa Rear Admiral Upper Half Join Date: Jul 2000 Location: 45° 11' 35" North Latitude, 95° 8' 37" West Longitude Posts: 3,427	Yeah, when I read this, my first thought was "what was going through his head?" This guy will be absolutely penniless by the time this shakes out. __________________

01-19-2005, 10:46 AM	#7
mcs328 Admiral Join Date: Feb 2001 Location: Maryland Posts: 6,578	well doesn't he owe taxes on the mil PLUS the Aztec he won?? yeah...what an idiot. I vote for some jail time and whatever penalty. He should fire whatever accountant he has. __________________

01-19-2005, 01:08 PM	#14
bachviet What's Da Pho*? Join Date: Aug 2001 Location: SoCal (714) Posts: 13,296	He's stupid to think that he could hide that much earning from the tax man and not being noticed. __________________ Dell Dimension 9200 \| Intel Core 2 Quad Q6600 (2.4GHz) \| 4x1GB DDR2 \| 256MB nVidia GeForce 8800GT Dell Studio 17 \| Intel Core i7-720QM (1.6GHz) \| 2x2GB DDR3 1066MHz \| 1GHz ATI Mobility Radeon HD 4650 Intel P4-C 3.0GHz \| ECS 865PE-A \| 3x512MB PC3200 \| 128MB PNY GeForce 6600GT

01-19-2005, 01:23 PM	#15
Merlin Admiral Join Date: Dec 2001 Location: Square On My Arse Posts: 7,410	Tax evasion - that's how they got Capone. __________________

01-19-2005, 05:34 PM	#18
nickel Vice Chairwoman, Joint Chieftess of Staff Join Date: Feb 2002 Location: Jeterville, NYY Posts: 17,786	what was he thinking? oh... he wasn't. __________________ click me

01-19-2005, 09:30 AM	#2
~~Cantacuzene~~ Banned Join Date: Jan 2002 Location: Atlanta, Georgia, USA Posts: 8,700	What a moron.

01-19-2005, 10:18 AM	#4
BrewMaster Ruler-Of-All-Things-Beer Join Date: Dec 2000 Location: Pasadena, CA Posts: 10,249	i've never seen the show and i don't know anything about the guy, but you've gotta be completely retarded or get horrible financial advice to think that that IRS won't notice that you go from nothing to being a star and they don't get their piece.

01-19-2005, 10:29 AM	#5
ray captain awesome Join Date: Jan 2003 Posts: 7,054	what a schmuck

01-19-2005, 10:41 AM	#6
~~Cantacuzene~~ Banned Join Date: Jan 2002 Location: Atlanta, Georgia, USA Posts: 8,700	I hope he gets jail time. Wouldnt that be funny.

01-19-2005, 11:21 AM	#10
Jane83 Commander Join Date: Oct 2004 Location: S. Pasadena Posts: 1,452	easy come easy go

01-19-2005, 12:25 PM	#12
BrewMaster Ruler-Of-All-Things-Beer Join Date: Dec 2000 Location: Pasadena, CA Posts: 10,249	DF and whitak24, you guys cracked me up with those.

01-20-2005, 12:12 PM	#19
Booyamos Commander Join Date: Jun 2000 Location: Boston, MA Posts: 1,277	well he could argue that he didn't make the money in the united states because he was on a tropical island wherever the show was. though it was a US company paying him. But either way he is just plain stupid. should of hired an finacial planner and figured out how to invest it what not instead of putting all of it in his checking account. __________________ Boo ya Grandma

01-20-2005, 01:35 PM	#21
Merlin Admiral Join Date: Dec 2001 Location: Square On My Arse Posts: 7,410	even if he was an ex-pat he would still need to pay taxes. Uncle Sam has his hand out no matter where you are and no matter where the $$$ comes from.

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