Saturday was a breeze. So I should have taken that as an indication Sunday would be a disaster, as I wasn’t getting off the hook that easily. Somehow, I held out hope. But I was wrong. On the second day of my media bootcamp class, it was one of those days when your head gets chopped off, gets handed back to you on a platter, and you are supposed to say thank you. However, I definitely subscribe to the “whatever doesn’t kill you” school, so I’m still standing and that much better for it.
After class, it was off to Starbucks for a cool reward, but the iced tea/lemonade mix tasted like household cleaning products……ugh….…
And since disasters come in three’s, I was fortunate that #3 was just a really, really long, endless wait for a bus.
In class, the chatter was all about a prison term for the host of Dance Moms. Now, I don’t watch those shows, although I will admit my one guilty reality show pleasure was Hollywood Hillbillies, which I stumbled upon right before it was cancelled. For anyone who hasn’t seen it, it was a show created for this strange kid who became a YouTube sensation, but he became overshadowed by every other crazy family member he had. It was hilarious. But back to Dance Moms.
It’s unfortunate Abby Lee Miller didn’t read my book “101 Ways to Stay Off the IRS Radar”. This is not a shameless plug; I sincerely believe if she would have checked out some of the ways, she might have made some better choices. So let’s look at the charges:
- Unreported income – Ms. Miller had a pending bankruptcy case and never included the income from the Dance Moms TV show (reportedly she tried to hide $775,000). The judge was channel surfing and found the show by accident. Chapter 1 in my book discusses cash businesses (Way #1), “off- the-books” (Way #2), and if your low income makes sense (Way #3). Newsflash to no one: The judge didn’t think the low income she claimed, as noted in her bankruptcy paperwork, made sense for someone with a TV show.
- Moving money to someone else – otherwise known as a “fraudulent conveyance” – see Way #21. You can’t transfer your assets to a relative or friend with the intent to hide money. People try it all the time, but you will get tripped up. It’s illegal. And not the least bit original.
- Unreported cash – Abby Lee Miller reportedly brought in over $10,000 to the U.S. in foreign currency without reporting it. Way #10 discusses the Bank Secrecy Act, which mandates that deposits, withdrawals, transfers, etc. in excess of $10,000 requires a Currency Transaction Report. In addition, Way #24 talks about foreign bank accounts (sounds like having thousands of dollars in foreign currency may have come from a bank account).
Disclaimer: I don’t know Ms. Miller, I am not an attorney, nor have I seen in person the evidence the authorities had against her. And I still haven’t ever watched the show.
She’s not the first or last person ignorant of tax, banking and financial laws. Maybe I’ll send her something to read……..
For you others with less time on your hands than she has, and would prefer to keep it that way, 101 Ways to Stay Off the IRS Radar is available for free in Kindle Unlimited; it’s $4.99 for regular Kindle, and only $14.95 for print.