Quick Fact – Accounting Shift

Crimes / Violence / Punishments: Tax Evasion, Did You Know?, Dunes (Las Vegas, NV), Gambling: Debt, Governing / Regulatory Bodies: Internal Revenue Service, Las Vegas Strip / S. Las Vegas Boulevard, Las Vegas--Nevada, Nevada, Quick Facts, United StatesLeave a comment

1964 The Dunes in Las Vegas, Nevada switched from writing off unpaid IOUs to claiming them as income, allegedly to keep Internal Revenue Service agents from harassing its customers — asking guests in the hotel if they paid what they owed. On its fiscal 1965 income tax return, the hotel-casino reported as income $1.3 million…