TOPH SHELDON CPA FOR THE SELF-EMPLOYED ® 9200 MONTGOMERY RD., STE. 5A CINCINNATI, OH 45242 513-342-4000 WWW.TOPHCPA.COM
PRST STD US POSTAGE PAID BOISE, ID PERMIT 411
INSIDE 1
Desperation Leads to Big Opportunity
2
Toph Saves the Day!
3
How We Spent Our Father’s Day
Juicy Lucy Sliders
4
Reality Stars With Tax Troubles
Toph’s Tax Nightmares
The Reality of a Reality Star Can Be a Harsh One
The life of a reality TV star isn’t all glitz and glamour, but something tells us you probably already knew that. Between the long hours and potential chance of making little to no income on your show, it can be a stressful gig to pull off just to get your 15 minutes of fame. Then you have the people who have too much money on their hands. Having money can have a grave effect on someone, especially after going from a nobody to a somebody seemingly overnight. These reality TV stars were no different. Instead of using their newfound income for a greater good and deciding to obey the law, they found themselves on the wrong side of the IRS with some serious consequences. Richard Hatch (The Original Survivor) This resourceful fellow found himself on top of the world after winning the first season of the wildly popular CBS show“Survivor” in the early 2000s. What happened next wasn’t so impressive. In 2006, Hatch was found guilty of tax evasion and served part of a six-year prison sentence because of his actions. As if he hadn’t had enough time to think about what he’d done, he was sent back to the slammer in March 2011 for failing to file amended returns. There’s something to be said about the fall from grace of a reality star who was made a hero in front of 50 million viewers every week, but I think this says it all. Next tax season, let’s make it a goal to survive our own financial woes, lest we end up like old Richard here.
Mike“The Situation”Sorrentino (A LongWay From the Jersey Shore) The meteoric rise of MTV’s“The Jersey Shore”was a sight to behold. As soon as the show hit the airwaves, the ragtag group of Jersey locals were thrust into the spotlight and quickly had their private lives made public in a very major way. One of the standout bad guys from the original run of this phenomenon was Mike Sorrentino, better known as“The Situation.”While he was busy chasing girls and drink specials, he was also trying to hide his money from the tax man. He went to trial in 2015 on charges of tax evasion for filing false returns from 2010–2012, and the prosecution certainly wasn’t there to play games. By the time it was all said and done,“The Situation”was sentenced to eight months in jail, a $10,000 fine, and a restitution bill to the tune of $123,000. That makes several situations we wouldn’t want to be involved with. Don’t end up like these guys. For all your tax needs, contact Toph Sheldon, CPA for the Self-Employed® to stay on top of all your necessary filings. Give us a call at 513-342-4000 or visit our website anytime at TophCPA.com to see howwe can help.
4 • 513-342-4000
DON’T LIVE IN FEAR, TOPH IS HERE!
Made with FlippingBook flipbook maker