Golden Tax Relief June 2018

CELEBRITY TAX FRAUD If You Can Make Money off Your Name, so Can the Government

Pete Rose’s name is plastered all over the baseball record books,

Unfortunately, Rose’s career is overshadowed by a gambling addiction and tax fraud. In the late 1980s, Rose found himself in deep trouble. From 1984 to 1988, Rose sold memorabilia and autographs and charged for personal appearances, all without reporting his earnings to the IRS. In 1989, Rose pleaded guilty to failing to report his $345,968 income, which resulted in an underpayment of taxes in the amount of $162,000. With the plea, the government dismissed a more serious charge of tax evasion. Rose faced up to three years in prison for each of the charges, but thanks to his guilty plea, the IRS settled for a five-month prison sentence and a $50,000 fine. He was forced to pay back taxes and interest, committed to treatment for his gambling addiction, and given 1,000 hours of community service. Rose finished his sentence in January, 1991. A month later, his name was placed

on the “permanently ineligible” list for the Hall of Fame.

but you won’t find it where it matters most to him: the

Unfortunately, Rose was hit with a lien from the IRS in 2004, and again in 2012, but neither Rose nor the IRS would discuss the liens publicly. As he continues to face tax problems, we are all reminded that even if you are one of the best players in baseball history, you can’t evade the IRS.

Baseball Hall of Fame. The MLB legend was permanently excluded because he “chose the wrong vice.”

PUZZLE in high school, his talent caught the eye of professional teams. After graduation, he signed with the Cincinnati Reds. Over his career, Rose set many records that still stand today. By the time he retired, Rose has 4,256 hits, 15,890 plate appearances, 14,053 official at-bats, and got on base 5,929 times. He was on a World Series-winning team three times, played in the World Series six times, and made 17 All-Star teams. Rose was born and raised in Cincinnati, Ohio, where he played football and baseball as a child. After choosing to focus on baseball



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1 1/2 sticks unsalted butter

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1 teaspoon kosher salt

1 1/2 ounces store-bought waffle cones, lightly crushed

3/4 cup light brown sugar, packed

1 large egg yolk

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1 1/2 cups oats

2 teaspoons vanilla extract 4 pints ice cream (any flavor)

2 tablespoons all-purpose flour


1. Heat oven to 350 F. While oven is heating, cook butter in saucepan over medium heat until browned, 5–8 minutes. Scrape browned butter into a heatproof measuring glass. 2. Pulse waffle cones, oats, flour, and salt in a food processor or blender. Once cones are finely ground, add brown sugar and pulse again. 3. Whisk egg yolk, vanilla, and 2 tablespoons water in a small bowl. 4. Add egg mixture to food processor while spinning on low. Once integrated, slowly add browned butter; blend until dough forms a solid mass around blades. 5. Form dough into 26 balls and place 2 inches apart on a parchment-lined baking sheet. Flatten balls and bake 12–15 minutes or until edges begin to brown. 6. Let cool, then spread ice cream between cookies to make sandwiches. 7. Freeze for up to 5 days — or enjoy today!




[inspired by Bon Appetit]



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