Seventh-Inning Stretch · Off the Bench
The Signature Tax
United States v. McCovey (1995)
Charge: Federal tax evasion on unreported cash income from autograph and memorabilia showsCourt: U.S. District Court for the Eastern District of New YorkDocket: Off the Bench
Is a retired star guilty of tax evasion for leaving cash autograph-show income off his tax returns?
The facts
A Hall of Fame first baseman, long retired, earned extra money signing autographs at sports memorabilia shows, where promoters often paid in cash. Federal investigators in Brooklyn found he had not reported tens of thousands of dollars of that cash. In 1989 alone, a year he earned about $87,000, roughly $41,800 of his memorabilia income was left off his return, and the total for 1988 to 1990 was about $69,800. He told the judge it was overlooked at the time and that he accepted responsibility.
You have the facts the court had. Guilty or not guilty? Call it in the game with your friends, then see what the court actually decided. Wrong call, you drink.
Citation: United States v. McCovey, U.S. District Court, E.D.N.Y. (Brooklyn); guilty plea July 1995; sentenced June 1996 (no reported opinion)
Read more at foxnews.com. The source reveals the outcome.