Navigation Links
Sherri Gastelum the CEO of Platinum Tax Defenders Reports on Lauryn Hill and Mary Estelle Curran Tax Issues and Applications for Taxpayers
Date:5/10/2013

Los Angeles, California (PRWEB) May 10, 2013

What the IRS does and doesn't care about is certainly of interest to most Americans, never more so than on or before April 15th of any given year. Obviously, according to a May 7, 2013 article by Accounting Today (“Fugees Singer Lauryn Hill Sentenced to Prison for Tax Evasion”accountingtoday.com/news/Fugees-Singer-Lauryn-Hill-Sentenced-Prison-Tax-Evasion-66627-1.html), the IRS still cares about tax avoidance by high-income earners. One of Hill's defenses against filing tax returns, according to Accounting Today, seems to be that she didn't understand the nature of how the system worked: “I was put into a system I didn't know the nature of”. (For more details on the legal side, see US v. Lauryn N. Hill, United States District Court, District of New Jersey, Case Number 2011R01339.) Platinum Tax Defenders suggests that taxpayers confused about what is and isn't important to the IRS gain knowledge from a tax resolution service, or apply for tax relief.

Ignorance was not the only thing that Lauryn Hill claimed, again according to Accounting Today. She also likened the tax system to slavery, saying that her sales of “50 million units” that resulted in a tax bill was akin to human ownership (“If that's not likened to slavery, I don't know what is.”) Many taxpayers may feel the same, but dislike didn't stop Hill from being given three months of prison and then house arrest, for her failure to report an income of over $2 million.

Per Accounting Today, Lauryn Hill did go to the effort of setting up four S corporations. Apparently, she got behind in filing for taxes on years 2005 through 2009, for an income mostly due to royalties, that came to $2.3 million. Judge Madeleine Cox Arleo ordered Hill to pay $60,000 as a fine, full “restitution to the IRS”, along with interest and penalties.

According to an attorney quoted in a CNBC report on May 7, 2013 (“Is Lauryn Hill Being Singled Out Among Tax Evaders?”cnbc.com/id/100715823), the sentence may have been increased because of Hill's celebrity status. Attorney Roy Black of Florida, who represented Mary Estelle Curran in her $40 million dollar offshore tax evasion, says that “prosecutors and the IRS will deny it”, but that “they like high-profile cases” - simply for the sake of sending a message. (See US v. Mary Estelle Curran, 12-cr-80206, U.S. District Court, Southern District of Florida)

Platinum Tax Defenders agrees that the IRS does regularly send powerful messages about tax evasion: don't do it. Lauryn Hill is not the only celebrity to come under the power of the tax law in recent years – the CNBC article also mentioned Wesley Snipes and Nicholas Cage. Neither did Mary Estelle Curran entirely escape from penalties (which amounted to over $21 million plus penalties), though she apparently argued that the offshore accounts were set up in her husband's name.

As if those cases weren't enough to encourage taxpayers to obtain back tax help with a tax resolution office, or just a tax relief agreement, there is always the January 17, 2013 Accounting Web article on OJ Simpson tax woes (“O.J. Simpson Hit with Tax Debt and Foreclosure”). The tax lien for his 2011 income alone came to over $17,000, along with a nearly $180,000 bill for income made between 2007 and 2010. Prison time does not deter the IRS from placing property liens or assigning penalties and interest to unpaid bills, either to celebrities or to everyday taxpayers. Nor does prison time stop states from wanting payment, since California assessed over $318,000 dollars' worth of payment that it requires from Simpson.

Platinum Tax Defenders, begun by CEO Sherri Gastelum, is in operation with a team of 10 dedicated professionals. At least one tax attorney heads the list of specialists, along with a fully qualified CPA, and an ex-IRS agent. Sherri Gastelum has had over 20 years' experience in simplifying corporate, personal, and business tax issues. Taxpayers of every bracket can have a free conference call with a tax specialist, for up to 45 minutes, in which specific tips can be given on how to deal with IRS issues.

For more information from Platinum Tax Defenders on tax-related issues, call 1-877-668-1807 or send an email to info(at)tax-resolution(dot)me.

Read the full story at http://www.prweb.com/releases/platinum-tax-defenders/sherri-gastelum/prweb10721284.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Dr. Sherrie Campbell's New Book Explains DIY Psychology
2. Sherri Gastelum and Platinum Tax Defenders Offer 5 Tips on Understanding Health Care Tax Issues from the Affordable Care Act
3. HGH10.com Extends its Promotion on the GenF20 Plus Platinum Package
4. HGHhelp.info Promotion for GenF20 Plus Platinum Package Extended
5. AvePoint Announces Platinum Sponsorship of SHARE Conference Atlanta 2013
6. Targeted toxin active in platinum-resistant ovarian cancers
7. Oracle Platinum Partner TITAN GS to Showcase Global Human Capital Management Solution at OHUG Conference
8. 1 in 3 households misreports smoke alarm coverage
9. Study examines necessity of additional imaging in PET/CT oncologic reports
10. Reactions to HIV drug have autoimmune cause, reports AIDS journal
11. Dana-Farber: Study reports first success of targeted therapy in type of non-small cell lung cancer
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/23/2017)... California (PRWEB) , ... January 23, 2017 , ... Old ... principles, has added Mr. Olympia Classic Physique bodybuilder Breon Ansley to its growing team ... competing as a bodybuilder in 2012 and in less than a year was able ...
(Date:1/23/2017)... ... , ... “The Inn at the Mill”: a story of love and redemption, hope and ... happy and content. , “The Inn at the Mill” is the creation of published ... Vermont and is now living in Berks County on Crow Hill. The inn, ...
(Date:1/23/2017)... , ... January 23, 2017 , ... “Life Under Blankets”: ... depression from an early age. “Life Under Blankets” is the creation of published author, ... Illinois, Circle Campus in Chicago. She went on to pursue a master’s degree in ...
(Date:1/22/2017)... ... ... Phytocéane invites clients to take an exotic journey deep into the heart ... CREAM. Inspired by the beauty of Zanzibar, a Tanzanian archipelago off the coast of ... to create this gentle, velvety body cream to envelop the skin in moisture while ...
(Date:1/22/2017)... ... January 22, 2017 , ... Medical lab testing through hospitals and ... a simple test will take days to arrive to the end customer, having to ... access to their lab tests, bypassing the cost and delay of traditional means. Now ...
Breaking Medicine News(10 mins):
(Date:1/21/2017)... Research and Markets has announced the addition of the ... (Tumor, Clinical Chemistry, Microbiology, Esoteric), By Type of Lab (Hospital, ... HIV/AIDS etc.), Forecast to 2022" report to their offering. ... US ... clinical lab testing, which has evolved as a major source ...
(Date:1/21/2017)... , Jan. 20, 2017  Today, ... Symposia Conference, "PI3K Pathways in Immunology, Growth ... (NASDAQ: INFI ) presented ... development candidate that selectively inhibits phosphoinositide-3-kinase-gamma (PI3K-gamma). ... to help overcome resistance to checkpoint inhibition ...
(Date:1/20/2017)... 2017 Research and Markets has announced ... Devices, Implant Types, OTC Amplifiers, Diagnostic Instruments), Sales Volume, Company ... ... Hearing Aids Market Sales Volume, Company Analysis and Forecast to ... aid industry. The growing prevalence of hearing impairment ...
Breaking Medicine Technology: