When it comes to celebrity gossip Charley Sheen, who I mainly remember as the star of Two And A Half Men, is in a class by himself. You could for example look up the Charlie Sheen Effect, if that sort of thing interests you. At any rate, given all his other issues, it is not shocking that he has tax troubles. IRS has been trying to collect from him for the years 2015, 2017 and 2018. He recently got some good news from the Tax Court and there may be some lessons worth learning from his case.
Based on the public record we don’t know how much the IRS is trying to get from Charlie Sheen. It is reasonable to infer that it is considerably more than the $3.1 million offer in compromise that CPA and United States Tax Court Practitioner Steven Jager negotiated for Mr. Sheen. We also don’t know whether any of what the IRS is looking for is the result of an audit or if it is entirely the result of Mr. Sheen filing without paying.
What Happens When You Don’t Pay
This article will be available on Think Outside The Tax Box