Charley Sheen’s tax woes seem to be at an end. I mainly remember Sheen as the star of Two and a Half Men, but there is a lot more to his career and fame than that. As I related back in January, IRS has been trying to collect on Mr. Sheen’s 2015, 2017 and 2018 returns. Many people have the impression that failure to send in the balance due with your return. will result in 87,000 agents willing to use deadly force knocking on your door, but it really doesn’t work that way. There is a lot of process. In some circles I think the return balance due is viewed as the sticker price on cars used to be or full tuition at a well-endowed university that wants to have a sprinkling of representation from the 99% attending.
Excellent Representation
Steven Jager is a CPA and also a USTCP (United States Tax Court Practitioner). A USTCP can represent taxpayers in Tax Court without being a lawyer. They are a rare breed who have to pass a tough exam. It could be as tough as becoming a Gettysburg Battlefield Guide or being accepted to Regis High School. Mr. Jager had negotiated an offer in compromise in the amount of $3.1 million. We don’t know how much the original tab was, but it is a reasonable inference that it was substantially more than the offer.
This story will be appearing in Think Outside The Tax Box.
