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The Valley Current®: Death and Taxes: Why Both Require Reporting
Manage episode 417198653 series 3562100
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Taxes may be the price we pay to live in a civilized society, but no one, no matter how wealthy they are, likes paying taxes. Many of us are guilty of procrastinating until the last possible moment to file taxes, possibly to the point where we completely forget and then pay a penalty on top of our taxes when we do remember. Even if we do remember, some of us simply refuse to pay and attempt to cover it up, hoping we don’t get caught. One of these happened to John Groggins, the former general counsel for Moody’s, who just admitted to failing to file taxes on $54M over the past 4 years. Today host Jack Russo and CPA, Steve Rabin debate the likelihood of the IRS’s complex tax code led to a major screw up, or if Groggins’ case is just a new case of tax evasion.
Jack Russo
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https://www.linkedin.com/in/jackrusso
"Every Entrepreneur Imagines a Better World"®️
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