Taxable Talk

From Russ Fox, E.A., of Clayton Financial and Tax of Irvine, CA
All items below are for information only and are not meant as tax advice.
Please consult your own tax advisor to see how each item impacts your own situation.
Hatch Indicted
Richard Hatch, the winner of the first Survivor television show, was indicted on ten counts of tax evasion and bank fraud. While his attorney calls the indictment "a publicity scheme," Hatch could end up paying fines of over $1 million and spending 73 years in jail if convicted on all counts.

Hatch is accused of not reporting his $1 million in winnings and that he pocketed $36,500 in donations to his foundation. Earlier this year Hatch had made a plea agreement with the government but he backed out of the deal.

News Story: Reuters