Earlier this year, the couple behind a relatively popular television show was accused of committing tax crimes at both state and federal levels. Recently, the “Chrisley Knows Best” stars were able to settle the tax evasion charges filed by their former home state. They have yet to resolve the federal counts against them. Why does this couple’s story matter? It shows Connecticut residents that fighting accusations of tax evasion is possible.
According to a recent report, the Chrisleys were accused of failing to pay roughly $2 million in taxes over eight years. The couple has and continues to maintain their innocence. An investigation into the matter, at least at the state level, found that the couple actually overpaid for several years and was even due a refund for taxes paid between 2013 to 2016. They ultimately settled their case with the state and will pay just shy of $150,000 for taxes they failed to pay between 2008 and 2016, allegedly by mistake.
Resolving their state case may go a long way in helping the federal case against them. The federal charges are far more severe and include bank and wire fraud on top of accusations of tax evasion. Only time will tell how this side of their case will play out.
When it comes to taxes, mistakes happen. When these mistakes lead to tax evasion charges, dealing with the matter can certainly be stressful. Connecticut residents who believe they have been wrongly accused of committing this or any other type of tax crime at the state and/or federal level can seek help clearing their names. With the assistance of counsel, tax filings can be reviewed, errors — if any — corrected and payment settlement terms negotiated, if necessary — among other things.