From No Boston Casino :
IMAGINE WHAT THESE FAMILIES OWE THE IRS WITH INTEREST DUE TO THEIR RELATIVE'S GAMBLING PROBLEM!
A Charlestown, Mass., man has been arrested and charged with helping gamblers at Suffolk Downs avoid paying taxes on more than $2 million in winnings.
Feds indict Charlestown man in Suffolk Downs tax scheme
Boston Business Journal by Matthew L. Brown,
Date: Thursday, September 27, 2012
A Charlestown, Mass., man has been arrested and charged with helping gamblers at Suffolk Downs avoid paying taxes on more than $2 million in winnings.
The United States Attorney’s office for the District of Massachusetts charged Gary Boyar, 53, with corruptly endeavoring to impede the IRS, filing false income tax returns and two counts of tax evasion in an indictment returned Sept. 13.
Boyar, of Charlestown, was allegedly a “ten-percenter” at Suffolk Downs, helping gamblers avoid taxes on their proceeds by cashing winning tickets for them in return for a 10 percent cut.
For winnings of more than $600 on anything but bingo, keno or slots, gambling establishments like Suffolk Downs are required to issue an IRS Form W-2G, an “IRS ticket,” to gamblers.
The indictment alleges that Boyar used his dead father’s social security number while cashing more than $2 million in winning tickets, and submitting more than 1,700 false IRS forms at Suffolk Downs between 2004 and 2006.
In each case, Boyar said he was solely entitled to the winnings, the indictment says. It also alleges Boyar did not file income tax returns for 2005 or 2006. In 2008, he filed a 2004 return claiming income of $5,500.
If convicted, Boyar faces jail time and a fine of up to $250,000 per count.
The investigation was carried out by the U.S. Attorney’s office, the U.S. Department of Justice and the IRS.
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