I was thrilled to be a source for a story earlier this month about tax planning. The article, written by Jack Flemming, focused on wealthy residents in California who scrambled to avoid paying the new “mansion tax.” Flemming asked me to comment on various ways that wealthy taxpayers might structure their tax planning to avoid…
Most people love a little gossip and celebrities are often the best source, especially when they get into financial troubles. However, with the help of a good business manager and a little financial literacy, people can keep their names out of the newspaper, off the internet, and off the radar of auditors. Business managers aren’t…
Together with the United States District Court for the Northern District of California, the Internal Revenue Service (IRS) Criminal Investigations (CI) division announced what is being called the largest ever tax charge against an individual in the United States. Robert T. Brockman, a 79-year-old resident of Texas, and the chairman and CEO of The Reynolds…
In the 1990s and early 2000s, reality television as we know it today was still relatively new. And leading the pack was a CBS series called Survivor. Survivor: Borneo The first season, Survivor: Borneo, was initially broadcast on May 31, 2000. The show dropped a group of strangers on an island where they had to find…
He originally vowed to fight tax charges against him, but Cristiano Ronaldo is now expected to plead guilty to tax fraud. In 2017, the soccer superstar was accused of failing to pay 14.7 million euros ($16.5 million US) in taxes. He was alleged to have avoided paying taxes by funneling income related to image rights, meaning his…
The Queen of Soul, Aretha Franklin, died of pancreatic cancer on August 16, 2018. She left behind a musical legacy, an estate worth $80 million, and, according to court filings, millions of dollars in unpaid taxes. Franklin, who died without a will, already had a messy estate: her four sons filed documents in the Oakland…
For the past few years, the Spanish government has been accused of targeting footballers for tax evasion, racking up allegations against such superstars like Lionel Messi, Cristiano Ronaldo, and Javier Mascherano. This week, things took a slightly different turn when Spanish tax authorities set their sights on the partner of FC Barcelona footballer Gerard Piqué. Granted, this isn’t…
Manchester United was missing Alexis Sánchez at the start of its US tour. The forward was reportedly denied access to the United States due to a tax fraud conviction.
On June 14, 2018, soccer’s World Cup, kicked off. With 32 teams each boasting a squad of 23 players, there are more than 700 players making an appearance. Of those, here are eight soccer players in the 2018 FIFA World Cup Russia who have been caught up in tax scandals.
Earlier this week, a charity auction to have lunch with Warren Buffett resulted in a winning bid of $3,300,100.
When you have the means to spend $3 million on lunch, you might not be looking for a tax break. But here’s why it could make good tax sense this year.
