Comments on: Baseball’s Biggest Tax Cheats

By: Spike Rogan

Spike Rogan — Sat, 18 Apr 2009 12:54:26 +0000

Hmm I’d like to see a “Pimp’s” IRS return. (Insert tasteless joke here.)

No wonder this blog lakes updates since Richie is a CPA!

Glad your not still upset over that link, you thought I was Spaming.

By: Richie Rich

Richie Rich — Fri, 17 Apr 2009 13:53:31 +0000

Spike -

To the IRS, all income is income.
Even if it’s illegal income. You are supposed to report gambling winnings as income.

You can also deduct gambling losses … but only to the extent of your gambling winnings.

Richie Rich, CPA
not kidding

By: Spike Rogan

Spike Rogan — Fri, 17 Apr 2009 04:02:56 +0000

I always love when they say Rose cheated paying taxes on gambling winnings. Last I looked it was illegal to bet in Ohio on that stuff. How can you tax illegal income?

And what about the dude? (Lenny Dykstra) aside from business people saying he owes them a fortune. I thought he had some tax issues a few years ago as well.