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IRS Launches Probe Into Fired Ohtani Interpreter’s Theft and Gambling Scandal

CPA Practice

The IRS is investigating the recently fired interpreter for Los Angeles Dodgers star Shohei Ohtani after he was implicated in a scandal involving illegal sports gambling and significant financial theft from his longtime friend. That’s when Mizuhara admitted he had a gambling addiction.

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IRS Launches Probe Into Fired Shohei Ohtani Interpreter’s Gambling and Theft Scandal

CPA Practice

The IRS is investigating the recently fired interpreter for Los Angeles Dodgers star Shohei Ohtani after he was implicated in a scandal involving illegal sports gambling and significant financial theft from his longtime friend. That’s when Mizuhara admitted he had a gambling addiction.

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The IRS and Gambling – The Tax Blotter – June 16, 2023

CPA Practice

Taxpayers can claim a limited deduction for gambling losses, but the IRS keeps close tabs on these write-offs. Gambling losses are deductible only up to the amount of you winnings for the year. Casinos and other gambling payors report earnings on Form W2-G if you win $1,200 or more from your bets. Report all your winnings.

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Ingo’s Edwards Plays The Inside Straight On Online Gambling

PYMNTS

In 2018 the Supreme Court struck down a 1984 federal law that prohibited gambling in most states. For example, Visa has recreated the MCC codes associated with online gambling to have a merchant verification process built in so that banks are no longer “blanket denying” anything that looks like a gambling transaction.

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Accountants Behaving Badly: Police Department Accountant Couldn’t Be Bothered, PPP Loan Fraud, and a Creepy Tax Preparer

Going Concern

It’s been a while since we’ve done an Accountants Behaving Badly megapost ( 381 days ago , actually), here’s some bad behavior you may have missed. Twice-Convicted Accountant Is Charged With Embezzling More Than $1.1 Palos Hills Accountant Indicted In $7.8M This stock photo is incredible.

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Paytm Briefly Removed From Google Play Over Alleged Gambling Violations

PYMNTS

Paytm, India’s eCommerce payment platform, was removed from Google’s Play Store after the global technology company alleged Paytm violated Google’s gambling policies, India.com reported , but the app was later reinstated. “We We assure all our users that their balances and linked accounts are 100 percent safe.

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Payments Innovation Fuels Rise In Football Gambling

PYMNTS

It’s also the start of another football gambling season — one that involves mobile commerce and digital payments, and companies trying to innovate their way to success in this growing field of transactions. Such desire for speed is also helping to drive innovation in other forms of gambling-related payments. Some 15 percent of the U.S.