Wednesday, March 27, 2019

Michael Avenatti and the IRS

Q. Are you in trouble with the IRS?

A. You'd better call Selig & Associates today: (212) 974-3435

*We can determine if you are in proper legal filing compliance by contacting the Internal Revenue Service and the New York State Department of Taxation and Finance directly. If you are not in filing compliance we will obtain Wage and Income transcripts from the IRS. With this information missing or corrected tax returns may be prepared.

*Please be advised that under federal law failure to file a tax return is a misdemeanor pursuant IRC §7203 and in more egregious cases willful failure may be elevated to a felony, IRC §7201. Additionally, under New York State Tax Law §1801(a)(1) willful failure to file a tax return may now be prosecuted as a felony.

Michael Avenatti allegedly made this tax slip-up. How to avoid it

Avenatti, formerly a lawyer for adult film star Stormy Daniels, is facing federal wire fraud and bank fraud charges.
The attorney allegedly didn’t file tax returns for 2011, 2012 and 2013, and failed to make estimated tax payments in 2012 and 2013, the U.S. Attorney’s Office in Los Angeles said.
Taxpayers who fail to file an income tax return face a penalty of 5 percent of taxes owed for each month the return is late.

Darla Mercado | @darla_mercado