Richard Hatch, the winner of the first season of the TV reality show "Survivor," has been charged with filing false tax returns by the Office of the U.S. Attorney for Rhode Island. The office alleged that Hatch had filed a false income tax return that omitted the more than $1 million in prize money that he received for winning the popular reality show. He also was charged with failing to report approximately $321,000 paid to him by a Boston radio station for co-hosting a program. The district attorney's office charged that, in November 2002, Hatch filed a false personal income tax return for the year 2000 and neglected to report the $1,010,000 paid to him by Survivor Entertainment Group, the production company of the reality show. Hatch reportedly was paid $10,000 for his appearance on the final episode of the first season, and $1,000,000 for winning the competition.
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The International Ethics Standards Board for Accountants decided to move ahead on a project to update its International Code of Ethics for Professional Accountants.
June 15 -
Regional Leader Kernutt Stokes will acquire accounting firm Fordham & Co, effective July 1, to grow its presence in Portland, Oregon.
June 15 -
RSM Mexico will join RSM's transatlantic platform with entities already in the U.S., the U.K., Canada and Ireland, as well as teams in India and El Salvador.
June 15 -
The Internal Revenue Service had to hire over 2,000 employees after reducing its workforce last year by nearly a third, according to a new report.
June 15 -
With AI poised to take over basic tax prep, practitioners need to double down on the value they've always added, says AICPA chair Jan Lewis.
June 15 -
Current IASB chair Andreas Barckow's term ends on June 30, but his final successor isn't expected to be installed until Oct. 1.
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