Income Archives - Pearlman Law

3 03, 2015

Chiropractor Adjusts Tax Return, Gets 15 Months

By Allan|2020-02-12T14:20:16-05:00March 3rd, 2015|Income, State Tax, Tax Crimes, tax evasion, Tax fraud|0 Comments

Working on more than spines, a Pennsylvania chiropractor attempted a sort of tax decompression by manipulating and adjusting her tax return to file a 2006 federal income tax return that falsely claimed her taxable income was $89,754, when, in fact, she had taxable income of $1,151,928, and owed at least $363,566 in taxes for that year.

Unhappily for the chiropractor, Maria Giacalone-Hewson, 43, of Canadensis, Penn., who operated Canadensis Healthcare Inc. was sentenced to 15 months in prison for aiding the preparation and filing of a false federal income tax return and false statements relating to healthcare matters.

At her sentencing, Giacalone-Hewson was also ordered to pay $113,821 in taxes that she owed forthe years 2007 through 2010.

In addition to the prison term, Judge Mariani ordered that Giacalone-Hewson be supervised by a probation officer for three years following her release from prison.

(more…)

Celebrity Lettuce: Terrence Howard’s Tax Strife Used as Weapon to Foil Ex-Wife

By Allan|2020-02-12T14:20:17-05:00January 10th, 2015|Income|0 Comments

Academy Award-nominated actor Terrence Howard owes the Internal Revenue Service $1.2 million and the state of California $156,000 in back taxes, according to papers he filed in court.

According to reporting by TMZ, Howard argues that these substantial federal and state tax debts make him able to afford only to pay his ex-wife, Michelle Ghent, the $2,000 he’s paid her, not the nearly half million dollars in spousal support and legal fees she’s demanding.

Time will tell, as the litigation process grinds forward, whether Howard’s argument will be successful.

One reason to want to be paying taxes

By Allan|2020-02-12T14:20:20-05:00May 19th, 2009|Income, Making Money, Profit, Tax, Tax Policy, Tax Problem Solving|0 Comments

This is obvious but, with all the dread, resentment, and busywork that frequently comes along with the chore and expense of preparing tax returns and paying taxes, it is all too often overlooked:

if you’re paying taxes it means you made money.

Not owing (and so, paying) taxes generally means you aren’t making money. And that’s worse. (Let’s leave aside, for the moment, the issues surrounding “tax haven” countries like Leichtenstein, the Caymen Islands, Andorra, Monaco, etc., where we’ve been reading in the news recently that profitable companies avoid taxes through foreign subsidiaries incorporated in one of these offshore places).

It is a where-there’s-smoke-there’s-fire causal connection (or putting it into achievement test comparison: Income taxes are to making money as smoke is to fire (and again, following the metaphor, we leave aside the smokeless fires of off-shore tax havens for the moment).

The basic reality is, again, if your paying taxes, you’re making money, and that’s a good thing. (Thank you, Martha Stewart.)

~~~~~

Post Script: At risk of blowing a punch line (not that this is funny), this paying-taxes-because-you’re-making-money-and-that’s-a-good-thing message makes me think to mention that I recently started a second blog, on a completely different topic, which is relevant here: the other blog is called “Marketing and PR Lab” and, instead of discussing law or the government or taxes, it instead focuses on ways of improving one’s business and so, income, by improving your marketing methods and getting known.

So as you think of ways to have the “smoke and fire” problem described above, that is: “I have to pay taxes, Dang! But that means I made money — Great!” you might want to go to http://marketingandprlab.com to see if there are things there that can push your business and income-earning forward, or leave a comment to share your experiences, or both.