Tax court is another court the college admissions scam parents may have to go to
Tax court is another court the college admissions scam parents may have to go to. It’s a crime to write off as a tax deduction money that you’ve given to a charity when you know good and well that the charity you’re giving money to is engaging in illegal activity that helps you and yours.
And this is exactly what Full House actress Lori Loughlin, her husband Mossimo Giannulli, Desperate Housewives actress Felicity Huffman, and all those other parents who are accused of buying college admissions for their seeds are accused of doing.
Loughlin, Huffman, and all the other rich and wealthy parents gave millions of dollars to William “Rick” Singer, who was over the fake college placement firm, under the guise of helping the poor and needy to get access to higher learning.
Just a shame, isn’t it? Rich and Wealthy folks using poor folks in order to help needy rich and wealthy folks’ get their children into college. Hmm.
Two folks this is definitely rubbing the wrong one are the highest ranking members on the Senate Committee on Finance.
Chairman Chuck Grassley (R-IA) and Ranking Member Ron Wyden (D-OR) let IRS Commissioner Charles Retting know they expect the HAMMER to be brought down on all of those folks with money. “If these allegations are true, such payments to KWF (Key Worldwide Foundation) obviously should not be treated as legitimate charitable deductions, and we expect the IRS will enforce the law accordingly in this regard, both as to KWF as well as to the parents who may have claimed such payments as deductions on their personal income tax returns,” is what Grassley and Wyden wrote.
Filing those false tax returns can get a person up to five years in prison and a $250,000.00 fine. Those tax laws are clear. Just ask Wesley Snipes and former Madam Heidi Fleiss. They don’t play around in tax court. They throw you up under the jailhouse while snatching all of your money up out of your bank accounts!
Come to think of it, that may be why Loughlin and Giannulli aren’t pleading guilty because they know that if they plead guilty in the criminal case then that could possibly be used to establish their guilt in tax court.
It’s more than certain that the lawyers who got their clients to say, “Yes your honor, I did it,” will argue their clients’ constitutional right to not be charged and trialed for the same crime.
The only thing is double-jeopardy only applies to crimes coming under the same venue or the same jurisdiction.
Criminal court and tax court are two different courts, meaning two different venues, one criminal and the other tax.
Then there’s the whole issue with the states, which are a separate jurisdiction from the federal government.
Therefore, Loughlin and Giannulli did the right thing in just saying, “No,” to pleading guilty because it could lead to them having to face more prison time and paying out more money.
The only problem is they still face a possible 20 years in prison for mail fraud and conspiring to launder money.
Hmm, Loughlin and her husband should have done like Huffman and took that plea deal.
Even with the six months jail time Huffman has been given, which may be knocked down to house arrest, she will still spend less time in prison than Loughlin and her husband if the IRS decide to take Senators Grassley’s and Wyden’s advice to bring the HAMMER down on them.
Those plea deals aren’t called deals for nothing.
And this is exactly what Full House actress Lori Loughlin, her husband Mossimo Giannulli, Desperate Housewives actress Felicity Huffman, and all those other parents who are accused of buying college admissions for their seeds are accused of doing.
Loughlin, Huffman, and all the other rich and wealthy parents gave millions of dollars to William “Rick” Singer, who was over the fake college placement firm, under the guise of helping the poor and needy to get access to higher learning.
Just a shame, isn’t it? Rich and Wealthy folks using poor folks in order to help needy rich and wealthy folks’ get their children into college. Hmm.
Two folks this is definitely rubbing the wrong one are the highest ranking members on the Senate Committee on Finance.
Chairman Chuck Grassley (R-IA) and Ranking Member Ron Wyden (D-OR) let IRS Commissioner Charles Retting know they expect the HAMMER to be brought down on all of those folks with money. “If these allegations are true, such payments to KWF (Key Worldwide Foundation) obviously should not be treated as legitimate charitable deductions, and we expect the IRS will enforce the law accordingly in this regard, both as to KWF as well as to the parents who may have claimed such payments as deductions on their personal income tax returns,” is what Grassley and Wyden wrote.
Filing those false tax returns can get a person up to five years in prison and a $250,000.00 fine. Those tax laws are clear. Just ask Wesley Snipes and former Madam Heidi Fleiss. They don’t play around in tax court. They throw you up under the jailhouse while snatching all of your money up out of your bank accounts!
Come to think of it, that may be why Loughlin and Giannulli aren’t pleading guilty because they know that if they plead guilty in the criminal case then that could possibly be used to establish their guilt in tax court.
It’s more than certain that the lawyers who got their clients to say, “Yes your honor, I did it,” will argue their clients’ constitutional right to not be charged and trialed for the same crime.
The only thing is double-jeopardy only applies to crimes coming under the same venue or the same jurisdiction.
Criminal court and tax court are two different courts, meaning two different venues, one criminal and the other tax.
Then there’s the whole issue with the states, which are a separate jurisdiction from the federal government.
Therefore, Loughlin and Giannulli did the right thing in just saying, “No,” to pleading guilty because it could lead to them having to face more prison time and paying out more money.
The only problem is they still face a possible 20 years in prison for mail fraud and conspiring to launder money.
Hmm, Loughlin and her husband should have done like Huffman and took that plea deal.
Even with the six months jail time Huffman has been given, which may be knocked down to house arrest, she will still spend less time in prison than Loughlin and her husband if the IRS decide to take Senators Grassley’s and Wyden’s advice to bring the HAMMER down on them.
Those plea deals aren’t called deals for nothing.
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