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Not paying your taxes is a serious crime. You might think you’re just late on filing, but then that week turns into a month, which turns into a year, and so on. Pretty soon, you might develop a philosophical objection to paying taxes, such as, “I don’t even have kids, so why should I have to pay for schools?”
You wouldn’t be the first person to raise such objections, nor would you be the first person to face tax evasion charges. From baseball legends to movie stars, plenty of famous people have decided to either stop paying their taxes completely or to try to hide money to manipulate the amount of taxes they would have to pay.
Whether you receive a tax audit or are facing criminal charges, working with a Scottsdale tax attorney can help you minimize the penalties you have to pay and potentially avoid jail time. Learn your lesson from these famous tax evaders:
The Cincinnati Red baseball player was sentenced to five months in prison after pleading guilty to two charges of filing false tax returns in 1990. He also had to pay a $50,000 fine. You would think that would be enough for him to learn his lesson, but he faced charges again in 2003 for his 1997 and 1998 tax filings. The IRS said that he owed $154,000 between those two returns.
The creator of the Beanie Babies made billions of dollars, but he didn’t pay all the taxes he should have on his earnings. In 2014, he was convicted of failing to pay taxes on $24 million in income that he had hidden in Swiss bank accounts. He was ordered to pay $27 million in back taxes, $53 million in civil penalties, and $100,000 in fines. He also had to serve 500 hours of community service and two years of probation. Warner could have been sentenced to five years in prison, but the judge showed leniency.
https://www.youtube.com/watch?v=4FU5XeKsbCs
The famous action-movie star has been very public about his moral opposition to paying taxes. In 2008, he was convicted of failing to file three tax returns dating from 1999 to 2001 and failing to pay $7 million in taxes. Snipes appealed the ruling, but the judgment was upheld in a 2010 decision. He was then sentenced to three years in a Pennsylvania prison. In 2013, he was released from prison to house arrest.
Martha Stewart’s conviction for insider trading was not her first brush with the law. Before her high-profile 2004 conviction, she was ordered to pay $220,000 in back taxes on a New York state property, in addition to fines. Her defense: She didn’t spend a lot of time at the property so didn’t think she had to pay taxes on it.
Don’t follow the example that these celebrities have set. Always file your tax returns, and always pay what you are determined to owe. If you want to challenge the amount you owe, contact us to work with a Scottsdale tax attorney to bring a proper, legal challenge. Don’t wait until you’re facing a tax audit or tax evasion charges. If you are facing charges, contact our firm to get appropriate legal representation. An experienced Silver Law PLC tax attorney from our team may be able to get the charges against you dismissed or to reduce the penalties you have to pay.
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Silver Law PLC Also Provides Federal Tax Assistance In Nevada Including:
Las Vegas Federal Tax Attorneys
North Las Vegas Federal Tax Attorneys
Henderson Federal Tax Attorneys
Paradise Federal Tax Attorneys
Spring Valley Federal Tax Attorneys
Sunrise Manor Federal Tax Attorneys
Enterprise Federal Tax Attorneys
Winchester Federal Tax Attorneys
Boulder City Federal Tax Attorneys
Summerlin Federal Tax Attorneys
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