Cincinnati Tax Resolution Powered by Toph Sheldon 9200 Montgomery Rd., Ste. 7B Cincinnati, OH 45242
PRST STD US POSTAGE PAID BOISE, ID PERMIT 411
513-342-4000 513TAX.COM
INSIDE 1
Toph’s First Father’s Day as a Dad of 6 Tips for Affordable Grocery Shopping An IRS Negotiating Strategy for Everyman Ashley’s Corner Sheet Pan Shrimp Fajitas Howard Tax Case Shows Hazards of Dodging the IRS
2
3
4
ACTOR SLAMMED WITH $1 MILLION TAX BILL TOPH’S TAX NIGHTMARES!
Howard’s response serves as a textbook case on how not to react to the IRS. After failing for more than a year to respond to notices or appear for hearings, Howard left a voicemail for a Justice Department official asserting that it is immoral for the government to tax descendants of slaves, according to the Hollywood Reporter, which secured a copy of the judgment and the voicemail transcript. The result was a decision last February by a federal judge in Philadelphia that Howard owed a total of $903,114.72 in back taxes, penalties, and interest for the 2010, 2011, 2016, 2017, and 2019 tax years. While Howard’s actual tax bill was $578,000, the government piled on penalties for noncompliance. Also, interest on the judgment will continue to increase until the bill is paid.
Howard landed his first major roles in the 1995 films “Dead Presidents” and “Mr. Holland’s Opus.” A succession of television and film roles in the early 2000s included parts in “Winnie Mandela” and “Biker Boyz,” and he earned an Oscar nomination for his role in “Hustle & Flow.” In his role as the lead character in the television series “Empire,” he played a drug dealer- turned-movie mogul. Howard announced in 2022 that he planned to retire from acting. Howard’s case serves as an object lesson for anyone who owes back taxes. Had he sought out an experienced tax resolution specialist instead of dodging the government, his tax bill might have been reduced. But when alleged tax evaders instead run the other way, the total bill is highly likely to grow exponentially.
PHOTO CREDIT: JJDUNCAN_80
Actor Terrence Howard has played hip, edgy characters throughout his career, from aspiring rappers to hip-hop moguls. He has clearly strayed a long way from his one-time persona as a prosecutor on “Law & Order,” however. The Oscar-nominated former star has been hit by a $1 million bill from the IRS over unpaid taxes from the years 2010 through 2019.
4 • 513-342-4000
DON’T LIVE IN FEAR - TOPH IS HERE!
Made with FlippingBook Ebook Creator