TOPH SHELDON CPA FOR THE SELF-EMPLOYED ® 9200 MONTGOMERY RD., STE. #5A CINCINNATI, OH 45242 513-342-4000 WWW.TOPHCPA.COM
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INSIDE 1
Why You Should Trust a CPA for the Self-Employed Instead of a Tax Resolution Service Read Up on National Library Workers Day A Few Examples of How I Managed to Help Some of My Many Clients What Cincinnati Has Shown Me Opening Day Hamburgers
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Famous Athletes Who’ve Gotten in Trouble With Their Taxes
Telltale Tax Nightmares
THE SAGA CONTINUES
As we touched on last month, nobody is immune to the taxman. It doesn’t matter if you’re hitting it out of the park at the box office
controversies. After allegations of insider-gambling got him banned from the game in 1989, he went on to run straight into the arms of the law. Rose faced a five-month prison sentence in 1990 after pleading guilty to providing false tax returns from 1984 to 1988. As if that didn’t teach him a lesson, he then found himself back in the courtroom in 1998 after his tax filings didn’t account for over $150,000 he was said to owe. Talk about striking out. Manny Pacquiao Famed boxer and seemingly all-around nice guy, Manny Pacquiao is a beacon of hope for millions of people around the world. As the first boxer to win a major championship in five different weight classes, the tales of Pacquiao’s triumphs in the ring are only rivaled by the stories of his legendary philanthropy in his home country of the Philippines. However, no matter how nice his public persona is, he has found himself on the wrong side of a tax-related court case several times. After cases arose that accused him of owing more than $50 million in payments to the Philippine government were dropped, he was met with a bill to the tune of $18 million by the U.S. government, who claimed that he owed the amount after shorting them from 2006 to 2010. After paying off some of his balance in the United States, it is said that he is being threatened with wage garnishment in his home country. Here’s hoping he goes down swinging.
or on the field, if you don’t stay up-to-date on paying
your taxes, you’re likely to land yourself in some serious trouble. Even if you have ten championship wins or millions in album sales, if you’re not careful, you could end up like these famous athletes who got caught trying to
sneak one past ol’ Uncle Sam.
Pete Rose Unfortunately, the Cincinnati faithful is all-too-aware of the fall of this hometown hero. After retiring as a famous name in major league baseball — he brought two World Series titles to the city and left the sport as the all-time leader in hits — Pete Rose was certainly no stranger to success on the field. The famed Cincinnati Reds standstill was also no slouch when it came to off-the-field
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