Pardoned Or Not, ‘Chrisley Knows Best’ About Tax Evasion
The post Pardoned Or Not, ‘Chrisley Knows Best’ About Tax Evasion appeared on BitcoinEthereumNews.com. CHRISLEY KNOWS BEST — “The House That Todd Built” Episode 425 — Pictured: (l-r) Todd Chrisley, … More Grayson Chrisley, Julia Chrisley, Savannah Chrisley. Chase Chrisley, Lindsie Chrisley Campbell — (Photo by: Cynthia Hicks/USA Network/NBCU Photo Bank/NBCUniversal via Getty Images) NBCU Photo Bank/NBCUniversal via Getty Images In 2022, Todd and Julie Chrisley were sentenced to prison for, among other things, tax fraud. The celebrity couple known best for their reality TV show titled “Chrisley Knows Best” became famous, in part, for their impression of living a lavish lifestyle. However, it was all a sham, which led to them being convicted of financial crimes. In unexpected news, President Trump has pardoned the Chrisleys. This article discusses their crimes, how what they did for tax evasion differs from legal tax avoidance, and what their pardoning might mean for tax enforcement during Trump’s second term. Todd and Julie Chrisley’s Financial Crimes According to the United States Attorney’s Office for the Northern District of Georgia, Todd and Julie Chrisley’s fraudulent activity began when the couple defrauded community banks in Georgia. The couple used falsified bank statements, financial records, and personal financial information to obtain over $36 million in loans from these banks. Additionally, the Chrisleys provided false financial documents to the IRS, suggesting they made less money than expected. Reporting lower income than earned is tax fraud, leading to those charges. As time continued, the couple ran out of options to continue this fraud, which led to them filing for bankruptcy, ultimately casting a bright light on their fraudulent activity. Distinguishing Tax Evasion From Tax Avoidance While there was a host of financial crimes committed by the Chrisleys, their main issues ultimately came down to using fake tax information to obtain loans from financial institutions and then providing different false tax information to the…
The post Pardoned Or Not, ‘Chrisley Knows Best’ About Tax Evasion appeared on BitcoinEthereumNews.com.
CHRISLEY KNOWS BEST — “The House That Todd Built” Episode 425 — Pictured: (l-r) Todd Chrisley, … More Grayson Chrisley, Julia Chrisley, Savannah Chrisley. Chase Chrisley, Lindsie Chrisley Campbell — (Photo by: Cynthia Hicks/USA Network/NBCU Photo Bank/NBCUniversal via Getty Images) NBCU Photo Bank/NBCUniversal via Getty Images In 2022, Todd and Julie Chrisley were sentenced to prison for, among other things, tax fraud. The celebrity couple known best for their reality TV show titled “Chrisley Knows Best” became famous, in part, for their impression of living a lavish lifestyle. However, it was all a sham, which led to them being convicted of financial crimes. In unexpected news, President Trump has pardoned the Chrisleys. This article discusses their crimes, how what they did for tax evasion differs from legal tax avoidance, and what their pardoning might mean for tax enforcement during Trump’s second term. Todd and Julie Chrisley’s Financial Crimes According to the United States Attorney’s Office for the Northern District of Georgia, Todd and Julie Chrisley’s fraudulent activity began when the couple defrauded community banks in Georgia. The couple used falsified bank statements, financial records, and personal financial information to obtain over $36 million in loans from these banks. Additionally, the Chrisleys provided false financial documents to the IRS, suggesting they made less money than expected. Reporting lower income than earned is tax fraud, leading to those charges. As time continued, the couple ran out of options to continue this fraud, which led to them filing for bankruptcy, ultimately casting a bright light on their fraudulent activity. Distinguishing Tax Evasion From Tax Avoidance While there was a host of financial crimes committed by the Chrisleys, their main issues ultimately came down to using fake tax information to obtain loans from financial institutions and then providing different false tax information to the…
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