Thursday, September 25, 2014

The Situation Makes Bail After Tax Evasion Arrest

After being arrested yesterday on charges that he failed to pay taxes on almost $9M in income and filed false returns with the IRS, The Situation made $250K bail along with his brother. I guess someone was willing to post a bond for them because they probably don't have any cash or collateral to do it themselves. As Lauryn Hill and Richard Hatch discovered, the IRS will send you to jail for not paying taxes. They especially dislike when it is a large amount and when you fail to file any return as The Situation chose to do more than once.

I know the first thing I thought of when he got arrested was if he made $9M then Snooki and Jwoww must be bathing in gold coins and Moet. It also sounds like The Situation blew most of his on stupid things and then tried to claim those stupid things as business expenses. He also managed to get paid cash without reporting it as income and used a variety of strategies to save taxes that probably would have worked if he had not become greedy with his brother and also actually told their accountants that they were paying personal expenses with corporate money.

Even more crazy than him making $9M is that The New York Times and Forbes wrote a couple of thousand words about the indictment and what it says for tax deductions moving forward.

19 comments:

sandybrook said...

Dont forget Wesley Snipes went to jail for not paying taxes either.

Cleodacat said...

And I am working my tail off why?? (Going to party like a rock star and get a sex tape).

Virginia Staley said...

this guy is a dumb as a box of canoli's. how does one NOT immediately call the IRS to offer them the vig on money earned? YOU WILL NOT WIN AGAINST THE IRS!

Skip accountants and go RIGHT to the nearest IRS building ! LOL

Virginia Staley said...

((tips hat at sandy and cleo))
Top of the mornin' you two. ((wink))

sandybrook said...

morning Virginia!

nora nader said...

How is this douche-bag even relevant anymore? And it's Enty's first post? Really? This db is a nobody and no one gives a shit what happens to him. Come on Enty...slacking on the job w/ this drivel.

Tricia S said...

Maybe he and theresa guidice can hook up ...do a reality show, do some house arrest time together, make a sex tape, she pop out a couple more kids wearing sunglasses and preternatural tans.....and they'll all live happily ever after

T. E. Cuz said...

taxtion is theft... guess he cant afford the swift lawyers and accountants to tidy everything up.

audrey said...

@Virginia...you insulted canolis by comparing a box of their lovely delicious goodness to this piece of slime? Please. Pond scum is higher on the list of things much smarter than this idiot,

Whatzmyname said...

Italian americans+new jersey= Tax Evasion and fraud mecca.

Virginia Staley said...

I did a hard pause AUDREY but went with the comparison anyway. You are soooo right though. LOL

auntliddy said...

Idiot. You never win against IRS. Ask snipes, or nic cage, or lauryn hill. IRS does not play.

skimpymist said...

He is loving the attention. He's famous again!! Barf

__-__=__ said...

If this is the biggest fish the IRS could catch just imagine all the white collar crime swept under the table today. CID needs more bodies and more funding but it will never happen.

Sherry said...

Makes you realize that Lindsay payed her overdue taxes because you never heard about that story again did you? Say what you will about how stupid she is but she never fucked them over. No way would she have gotten out of jail on that one.

Steven O said...

Is it wrong that I think he's extremely doable? Of course he'd forget your first name in the morning, but would you mind?

Seven of Eleven said...

He can't even remember his own first name so he just says "The".

You have to be some kind of wonderfully stupid to falsify a tax return. The only people allowed to get away with tax evasion are mega-corporations (remember, according to the Supreme Court, corporations are "people") and the super rich. Sticky situation you got there, bud.

rocky619ca said...

Leave the cannolis alone :-)

Mark Kaepplein said...

How will the IRS convince any jury that this guy made almost $9M in extra, unreported, income? That claim is unbelievable to anyone and everyone that he made even $9M total! The IRS must be including production costs etc. to come up with such large figures via bad accounting.

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