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Stormy Daniels' Lawyer In Deep Doo-Doo?
Sure looks like a rough couple of weeks for him - hope he's getting something on the side from Stormy to get through these 'hard' times...[Zero Hedge] - Stormy Daniels' lawyer Michael Avenatti has some explaining to do... After appearing on CNN 59 times to claim the moral high ground over President Trump's alleged decade-old affair with Daniels, skeletons in Avenatti's closet are now beginning to pour out. Because of leaks from the Trump camp? Questions have emerged over who's funding Avenatti, how he was privy to Trump attorney Michael Cohen's bank records - and how exactly did he obtain banking transactions for two men also named Michael Cohen, who he wrongly accused in a seven-page "dossier" released this week. Other questions have come to light over a bankrupt coffee chain Avenatti left in smoldering ashes with $5 million in unpaid taxes to the IRS, an alleged $160,000 owed for unpaid coffee, and over 45 lawsuits filed in connection with the failed venture. Before I looked at the article, which has a copy of the summary IRS bill, I wrote this - "I'm 90% sure it's for unpaid payroll taxes, with penalties & interest added on.". Lo and behold! Judging from the dates of assessment, the tax returns weren't filed for well over a year, which is tactically stupid due to the nearly unwaivable late filing penalty. Late filing penalties do not hurt you unless you do not pay the taxes due, because the late filing penalty is based on any resulting tax liability, thus compounding the problem. Also - what about the most recent quarters (Q4 2016 and all of 2017)? Were they all filed & paid on time? I have huge doubts about that... Posted by: Raj 2018-05-10 |
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