Ohio lottery winner wins $1 million but claims losses of $1 million

Comment #21

Traimane — Wed, 17 Nov 2021 09:14:03 GMT

Wow

Comment #20

KY Floyd — Tue, 16 Nov 2021 23:43:45 GMT

He probably cheated anyway

Even when it's so easy to win

Comment #19

jjtheprince14 — Mon, 15 Nov 2021 00:09:20 GMT

He probably cheated anyway

Comment #18

Bleudog101 — Sun, 14 Nov 2021 11:04:30 GMT

My tax man told me two years ago that the IRS would only allow so much gambling losses as we had a bunch of losing lottery tickets. Do believe the casino win/loss statements were fully deductible. Honestly don't pay that much attention to it!!

A few years ago my friend was trading in his Kia Sorento on a Nissan Rogue. The salesman thought he as being slick. $3514 or thereabouts offered for the Kia and conveniently TRIED to add the cost of auto repair insurance to the Rogue and you guesse... [ More ]

Comment #17

Stack47 — Sun, 14 Nov 2021 05:40:33 GMT

he reportedly knew that his actual gambling losses did not even top $300,000

Considering $200 in losses a week for 20 years is about $200,000, Shalash probably needed to win the $1 million just ot break even. While we can claim gambling losses up to the amount we won, those pesky IRS people want to see proof of our losses.

Comment #16

GreyGreen — Sat, 13 Nov 2021 23:22:09 GMT

where have we all seen this scheme before lol

let's go steve O

Comment #15

Artist77 — Sat, 13 Nov 2021 23:09:31 GMT

You can be a millionaire. and never pay taxes! You say.. Steve.. how can I be a millionaire.. and never pay taxes? First.. get a million dollars. Now.. you say, Steve.. what do I say to the tax man when he comes to my door and says, You.. have never paid taxes? Two simple words. Two simple words in the English language: I forgot!' Steve Martin

Comment #14

dannyct — Sat, 13 Nov 2021 21:51:37 GMT

In Australia, all lottery prize money is tax-free

Comment #13

Bleudog101 — Sat, 13 Nov 2021 13:34:49 GMT

Unfortunately that is not true with American citizens. Our IRS strongarmed the banks over there to release information on US Investors. Personally I wish they would have said 'screw off, we're a sovereign nation.

Comment #12

sully16 — Sat, 13 Nov 2021 10:33:58 GMT

I'm cancelling my trip to Mustafa's investment seminar.

Comment #11

Stat$talker — Fri, 12 Nov 2021 21:56:53 GMT

Shoulda used a Swiss Bank Account.. their lips are alwayz sealed.. they'll tell all Govts to mind their own Business..

Comment #10

rcbbuckeye — Fri, 12 Nov 2021 21:29:16 GMT

If you would stop buying bigger mansions every couple years your wallet would get fatter.

Comment #9

Long Odds — Fri, 12 Nov 2021 21:27:03 GMT

Stupid is as stupid does, Forrest.

Comment #8

Speler — Fri, 12 Nov 2021 18:01:23 GMT

Maybe his real name is Shishalash.

Comment #7

Speler — Fri, 12 Nov 2021 17:51:41 GMT

In 2015, Shalash won a $1 million prize on a single lottery ticket and received $710,000 after $290,000 was withheld in taxes, court documents show. However, he reported gambling winnings of $1,069,100 and simultaneously claimed gambling losses of $1,069,100 on his 2015 tax return.

I'm not familiar with your taxes there. Lottery wins are paid after deduction of taxes in CA, I suppose also in other states. They won't miss the chance to tax immediately. Normally they should hide the tax part a... [ More ]

Comment #6

CDanaT — Fri, 12 Nov 2021 17:35:17 GMT

Thanks for the reminder....I have to hurry up and win/collect this year......Cause next year, ain't gonna be better for my wallet.....Again..Best of luck Mustafa and thanks for the contribution to Uncle Sam.

Comment #5

jarasan — Fri, 12 Nov 2021 17:26:21 GMT

What an azzhat, you can claim reasonably... but that is stupid, they are going to catch that.

Comment #4

CDanaT — Fri, 12 Nov 2021 17:22:04 GMT

My beef is not with good ole Mustafa..After all, being hyphenated does have some expected misgivings...Course there is that TM thing that concerns me... I am a bit surprised,that wasn't better understood by the IRS folks...But what really gets my goat on this whole matter is that staff misspelled the first word wrong....There should have been 2 T's in the first word, instead of an F..... shoulder shrug ..oh well..Congrats on the win Mr. Shalash and best of luck on dealing with the court system... [ More ]

Comment #3

Bleudog101 — Fri, 12 Nov 2021 17:21:14 GMT

Another one for 'Most stupid criminals'. Waving red flags @ the IRS and implying catch me if you can. Well they did and you will pay the Lady

Comment #2

rdgrnr — Fri, 12 Nov 2021 17:07:56 GMT

Mustafa made a mistake

Biggest one he could make

The money the G-men will take

He'll need a saw blade inside of a cake

So please don't laugha at Mustafa.

Comment #1

noise-gate — Fri, 12 Nov 2021 16:55:20 GMT

Nice try Mustafa

Ohio lottery winner wins $1 million but claims losses of $1 million

Lottery Post — Fri, 12 Nov 2021 16:35:48 GMT

Shifty player thought he could skirt the IRS

By Kate Northrop

An Ohio Lottery player who won $1 million is in hot water with the IRS after falsely claiming gambling losses of $1 million and wiring his winnings abroad.

Mustafa Shalash, of Hillard, was charged with one count of filing a false tax return with the IRS after winning a $1 million prize and then claiming gambling losses of an equal amount.

In 2015, Shalash won a $1 million prize on a single lottery ticket and received... [ More ]