Mansion Ends Up Getting Owner in Hot Water for Tax Evasion
Is it possible to hide anything from the IRS? Even when you think you’re safe, it appears the IRS has an eye in the sky. That eye seems to be all reaching, at least in Pennsylvania. A wealthy real estate developer and CEO of Automated Health Systems owns a luxurious 32,400 square-foot mansion that apparently caught the eye of IRS agents flying in and out of Pittsburgh.
After authorities began to ask questions that eventually lead to the mansion owner’s personal secretary ending up in some serious trouble. That’s because the secretary, who also acted as the bookkeeper for her boss, recently pleaded guilty to tax evasion, which reportedly could be as much as $250 million. The mansion owner has not been charged in the case at this point and his attorney claims that the case is nothing more than a tax dispute.
However, the attorney for the secretary claims that his client was only following her boss’ direction and simply did what he directed her to do. He did concede that it was still criminal activity and his client is aware of that. The scheme reportedly involved re-characterizing her boss’ personal expenses to appear as business expenses. Formal charges include “conspiracy to fraudulently pay for and unlawfully deduct as business expenses, millions of dollars in personal expenses of co-conspirator 1.” It would appear that “co-conspirator 1” is her boss, although he has yet to be named.
The lesson here is if you’re going to build a big mansion, make sure it’s nowhere near a major airport, or else the eye in the sky might decide to take a closer look.
5 Rules of Building Successful Connections
5 Rules of Building Successful Connections Author: Will Corrente Updated: 6/10/2013 For me, connecting with people and connecting with entrepreneurs is one of the most enjoyable aspects of business and entrepreneurship. As a “Connection Optimizer”, I love brainstorming, making introductions, and pointing out potential synergies between friends, colleagues and fellow entrepreneurs. Like all social…
How To Become Employed With 9.8% Unemployment
How To Become Employed With 9.8% Unemployment 9.8% unemployment is the national average. For many states, it is even higher than 9.8%. I live in California and the number has hit double digits. This is true for many other states as well. Regardless of the rate, anyone actively in a job search knows these are…
Salaries of American Cities To Be Considered Wealthy
What are the salaries required within most American cities to be considered wealthy? We spend a lot of time on this website discussing the nation’s wealthiest individuals. Of course, most people in the United States know who the nation’s top earners are. Names like Warren Buffet, Bill Gates, Paul Allen, and Mark Zuckerberg are very…
The Top 10 Inventions in 2016
The Top 10 Inventions in 2016 Wireless Headphones $159 Wireless headphones have been around for years, but Apple’s new Airpods offer some unique features that make them stand out. You can listen to music, but they also come with microphones so you can control your phone with your voice and they can even detect when…