Tax News: Jersey Shore Star Finds Himself in Real Criminal Tax “Situation”
Mike Sorrentino, aka “The Situation,” who gained fame as a star on the reality show Jersey Shore, now has some real problems. Mike and his brother have pleaded not guilty to a seven-count indictment which includes filing false documents, failure to file tax returns, and conspiracy to defraud the United States. According to the charges, The Situation filed false documents to under report income through his business, claimed personal expenses as business deductions and failed to file a return for 2011 when he earned nearly $2 million. The unfortunate part for The Situation is now that the case is public the IRS is going to have to pursue it vigorously. With limited resources and an extremely large tax constituency to govern, the IRS has to make sure that when it takes on a case such as this one that they have a favorable outcome. If a high profile case was ever to come out unfavorable for the IRS it would set a devastating precedent – just ask Wesley Snipes.
Although higher profile cases may receive more attention and resources, that does not mean the IRS wouldn’t pursue the everyday person for transgressions such as this. If you have questions, are currently under investigation or have issues you want to fix before they become a serious problem contact us at Hone Maxwell LLP. As always, you can follow us on twitter @HMLLPTax or facebook at www.facebook.com/HoneMaxwellLLP for more tax tips and the latest updates on tax news.