Abbott Costello
Abbott Costello
Top 7 Tax Resolution Lessons Learned from the Worst Cases of Celebrity Tax Evasion
No one is safe from the IRS! Famous people have IRS troubles just like average people. But you have the edge over the A-list. You can learn very important lessons on how to avoid IRS tax problems from these celebrity tax evasion cases.
With paparazzi watching their every move and stalkers digging through their trash, being a celebrity tax cheater is an amazingly stupid thing to do. In the blink of an eye, celebrity tax cheaters can go from wearing designer fashions at fancy red carpet events to wearing orange prison jumpsuits for tax evasion. Fortunately, these celebrity tax evasion cases can teach important tax cheating lessons when the IRS accuses you of tax evasion.
Access Hollywood recently put together a list of celebrity tax cheaters who found themselves in taxing situations with Uncle Sam. Celebrity tax cheats also find themselves at the top of California’s list of the people who owe the most in back taxes, which is ranked by amount owed, not celebrity status.
If you think moving overseas will help your tax evasion plans, you should know that many countries such as the UK have set up special VIP celebrity tax evasion squads to go after high profile celebrity tax cheats. As many celebrity tax cheaters and regular Joes looking for a little tax evasion have learned the hard way, the world's "tax havens" like Switzerland are no longer as secretive about their celebrity tax cheating clients.
The list of celebrity tax cheaters is impressive: Leona Helmsley, Al Capone, Judy Garland, Annie Liebovitz, O.J. Simpson, Luciano Pavarotti, Martha Stewart, "Stone Cold" Steve Austin, David Brenner, Anna Kournikova, Lea Thompson, Method Man, Floyd Mayweather, Jim Thorpe, MC Hammer, Nicolas Cage, Stephen Baldwin, Toni Braxton, Robin Givens, Dionne Warwick, Sinbad, Buster Keaton and Willie Nelson.
Let these celebrity tax cheaters' pains be your gain. Here are some important tax evasion lessons you can learn from these celebrity tax cheaters:
1. Marc Anthony's celebrity tax evasion lesson: Trust, but verify. Celebrity tax cheater Anthony's (singer, actor and J-Lo’s hubby) tax evasion problems started with four years of unfiled tax returns. With the help some of the best tax attorneys money can buy, he convinced the IRS that he didn't commit tax evasion because he trusted his financial team to file the returns for him. According to Anthony, he didn't know he was a celebrity tax cheater and was surprised to discover his team had gotten him on the hook for tax evasion. Because he convinced the IRS he wasn't complicit in the unfiled tax returns, Anthony escaped the celebrity tax cheater label (and more importantly tax evasion jail time), but still had to pay $2.5 million in back taxes. The tax evasion lesson here is to confirm that your taxes have been filed. If you suspect someone on your team is making you a tax cheater, or hasn't been acting properly, contact a tax attorney immediately.
2. Sophia Loren's celebrity tax cheating lesson: Even an innocent spouse can end up doing jail time. The tax evasion case against the Italian screen siren had more to do with her celebrity tax cheater husband Carlo Ponti's unpaid taxes, but Loren ended up doing 17 days of a 30-day sentence in a Naples jail for tax evasion. If you file a joint return, your neck is on the tax evasion line for your tax cheater spouse's taxes. Many couples appoint one partner to handle the finances. If you feel your tax cheater spouse hasn't been faithful with their taxes, take your returns to a tax attorney or tax resolution specialist to see if you qualify for innocent spouse relief.
3. Abbott and Costello's celebrity tax cheating lesson: Don't let your nice guy image get in the way of avoiding a tax evasion problem. Although he played the fool in the movies, Lou Costello (the dumb one of the comedy duo) was the more astute businessman and Bud Abbott (the smart one) was constantly making bad business decisions. Sometimes our self or public image prevents us from being assertive with our business and financial advisers when it comes to the topic of tax evasion. This lack of follow-through cost the celebrity tax cheating comedy duo dearly. According to Wikipedia, in 1956, the Internal Revenue Service charged the celebrity tax cheaters with tax evasion, forcing them to sell their homes and most of their assets, including their lucrative film rights. In 1957 they formally dissolved their partnership. Don't let a tax evasion problem destroy your partnerships, always asks tough tax evasion questions of your financial team. And contact a tax evasion attorney or certified tax resolution firm immediately if you need tax help with your IRS problems.
4. Wesley Snipes's celebrity tax cheating lesson: Write your politics on your blog, not on your tax forms. According to his tax evasion trial coverage, one of the reasons celebrity tax cheater Wesley Snipes didn't file his tax returns was due to bad tax evasion advice that was politically motivated. Although failure to file your taxes is a misdemeanor, celebrity tax cheater Snipes was sentenced to three years of jail time and millions in back taxes and tax evasion penalties. You may have heartfelt political or religious feelings about how your taxes are used, or even the validity of the U.S. Government to levy taxes, but put those tax evasion thoughts in your blog, not on your tax forms. Once you file (or don't file) your taxes, it becomes tax evasion, which can send you to jail. If you've gotten on the tax cheating side of a political tax protest, contact a tax evasion attorney before the IRS or other G-men come knocking on your door.
5. Richard Hatch's celebrity tax cheating lesson: Don't "forget" to pay taxes on income (especially when 51 million people saw you get it). As the first winner on Survivor, celebrity tax cheater Richard Hatch argued that he wasn't guilty of tax evasion because he believed that CBS had paid the taxes on his million-dollar win (despite clear language in his contract explaining that he was liable for paying all taxes). If you get advice that says you don't have to pay taxes on income, get a second opinion. If you make serious bucks, have your financial team's tax work audited by another firm. If you think you've been given bad tax evasion advice, run, do not walk, to your nearest tax attorney or tax resolution specialist.
6. Joe Francis's celebrity tax evasion lesson: Just because you're incorporated, doesn't make everything you grope a "deduction". The celebrity tax cheater producer of the Girls Gone Wild videos claimed more than $20 million in phony tax deductions. His tax cheating returns were more like Accountants Gone Wild. If you've got some filer's remorse, and suspect that you might be guilty of tax evasion, you can always file an amended return, but consult with a tax evasion attorney first. You don't want your amended return to be seen as an admission of guilt for more serious tax evasion charges.
7. Darryl Strawberry's and Pete Rose's celebrity tax evasion lesson: What part of INCOME taxes don't you get? At one time, celebrity tax cheaters Darryl Strawberry and Pete Rose were baseball's biggest stars, making their autographed memorabilia very valuable. While these celebrity tax cheaters could rattle off their statistics for every season, the one figure they forgot to include was the income from autograph and memorabilia shows. When they autographed their tax returns without that income, they became celebrity tax evaders. Celebrity tax cheater Strawberry was ordered to pay $450,000 in back taxes, while celebrity tax cheater Rose had to pay $366,000 and went to jail for five months for tax evasion. If you've "forgotten" some income (such as eBay profits), you're a tax cheater. Consult a certified tax resolution specialist or tax attorney on how to amend your IRS return without getting hit with severe penalties for tax evasion.
You may envy the fortune and glory of these celebrity tax cheaters, but if you take these celebrity tax evasion lessons to heart, you'll have something more valuable than fame or fortune. You'll have your financial and personal freedom.
About the Author
Michael Rozbruch is one of the nation's leading tax experts. A Certified Tax Resolution Specialist (CTRS), licensed CPA and the founder of Tax Resolution Services. He helps individuals and small businesses solve their IRS problems and is dedicated to educating the public on tax planning and other strategies for managing their personal and business finances.
Will Australia's new leaders be Abbott and Costello?
On the John Laws show this morning Tony Abbott admitted to a pecking order in the Liberal party and he is third in line after Costello so he will be our new Treasurer our pal Mal will not be pleased will you be?
That's DEFINITELY one of the draw-backs of a democratic society , it gives voice to everybody INCLUDING the Morons who have no Idea what the helll they are talking about ...
sheeeeeeeeeeeeeeeeeeeehhhhhhhhhh * With Zuch, on this one LOL
BUT yes WON'T the cartoonists have a field Day .. !!
Abbott Costello
Abbott And Costello 13 X 7 is 28
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Abbott and Costello $68.51 William (Bud) Abbott and Lou Costello performed together as Abbott and Costello, an American comedy duo whose work in radio, film and television made them the most popular comedy team during the 1940s and 50s. Thanks to the endurance of their most popular and influential routine, Whos on First? whose rapidfire word play and comprehension confusion set the preponderant framework for most of their bestknown routines the team is, as a result, featured in the Baseball Hall of Fame. Author: Miller, Frederic P./ Vandome, Agnes F./ McBrewster, John Binding Type: Paperback Number of Pages: 68 Publication Date: 2009/11/03 Language: English Dimensions: 5.98 x 9.01 x 0.16 inches |
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ABBOTT COSTELLO MEET FRANKENSTEIN BY ABBOTT COSTELLO (DVD) $26.62 Abbott and Costello are working as railroad clerks and receive a shipment containing the last remains of Dracula and Frankenstein. When the remains disappear the clerks are blamed. Artist: ABBOTT,BUD Genre: Comedy Rating: NR Release Date: 22AUG2006 |
What"s Up With The Crazy Florida Marlins?
The other day I was watching the news. Guess what I saw? Dan Uggla on the Atlanta Braves (Good for him at least he is on an organization who is trying to win a world series). When did that happen? The Marlins were very hush hush about Dan Uggla being gone. When did he go!? I feel like sending my Marlins cap into a raging inferno i am so mad.
I refuse to watch double A and triple A players. Next year, they are opening a new stadium further away from my house to Hialeah, Florida. The tickets are going to be way more expensive. I guess I will focus on my life long favorite instead the LA Dodgers. I'll root for the Dodgers as I have since childhood and forget the local team soon to be known as the Miami Marlins instead of Florida Marlins.
I feel like the Bud Abbott and Lou Costello "Who's on First" routine. Who is on first? Gabby Sanchez, I barely know him. Last year was his rookie season I think. What's on Second? Omar Infante, I think he has been playing a long time but i have heard of him. I have never really seem him play. I don't know is on third. Who is Greg Dobbs? Where did he come from triple A? Wes Helms a veteran who i assume is backup third and pinch hitter. Donnie Murphy was on team last so i guess he is a backup third baseman. I don't give a darn is Short Stop. I know about all star Hanley Rameriz of course. Who hasn't? Osvaldo Martinez backup short stop. Pitcher is Tomorrow. Burke Badenhop, i heard his name but don't know much about him. Arquimedes Caminero, who is he? I never heard of him. Jose Seda, who is he? Randy Choate. I have heard of him a little bit know nothing about him. Steve Cishek, I never heard of him. Scott Cousins, who is He? Michael Dunn, I never heard of him. Chris Hatcher, Who is he? Clay Hensley, barely heard of him. Josh Johnson, of course the best picther on the team who is an all star. Jhan Marinez, where did he come from? Edward Mujica, Who, Who, and Who? Ricky Nolasco is a pretty good starting pitcher. Leo Nunez has to do a lot better this year! He blew a lot of saves last year especially the game i attended he blew a 5 run lead. Omar Poveda, where did he come from? Evan Reed, Sandy Rosario, Dustin Richardson,Alex Sanabia, and Ryan Webb who are these pitchers and where did they come from? I heard of pitcher Brian Sanches as he was on the team last year. Anibal Sanchez is a quality starting pitcher. Javier Vazquez and Chris Volstad are also very good starting pitchers. Sean West a relief pitcher was on team last year but do not know much about him. Leftfield is Why? Chris Coglan left fielder, he was on the team last year so i know little about him. Logan Morrison Left Fieder, I remember last year got beaned by a pitch to his head near his eyes. I remember his black eye for the last moth of the season. I never heard of Left Fielder Bryan Petersen. Center Fielder is Today. Emilio Bonifacio center fielder was a backup last year now he starts. Scott Cousins centerfielder, who is He? I assume his is platooning with Bonifacio. Right Fielder, Abbott and Costello never mentioned his name. Mike Staton right fielder was a rookie who came up for last 2 months of last season last year. He is a very good home run hitter.
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