
07-05-2011, 11:04 PM
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Quote:
Originally Posted by katezbox
I didn't read that in the link you posted -
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My memory let me down the money was from a TV network……
Quote:
It seems that Casey might be taking a page from former Survivor champion Richard Hatch’s playbook. A television network – in this case, ABC – had a deal with Anthony to pay $200,000 in exchange for family videos and photos. As we know from the Hatch case, this makes it taxable to the recipient. If the money was paid directly to Casey (or on her behalf), she would be responsible for reporting the money to the IRS and paying any related taxes due.
The deal was allegedly crafted with ABC by Anthony’s attorney with the understanding that the money was going to be used for defense costs. That would be a great deal for her defense attorney but unfortunately for Casey, attorney’s fees for personal reasons (and that would include criminal defense work for a homicide case) are not deductible on your federal income tax return.
Assuming a 33% tax rate for a single taxpayer in 2008, that $200,000 ABC payment would likely result in a tax bill approximating that $68,520.41 lien. That’s a little bit of educated speculation on my part and I can’t say for certain that the payment resulted in the lien though the evidence tends to suggest that it did. What is clear is that with Anthony’s freedom – and future – in limbo until after the trial, it’s likely that the IRS may never collect.
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http://blogs.forbes.com/kellyphillip...liened-by-irs/
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