Russ Martin vs IRS

[amsdfw]

What was it that triggered the IRS to audit Russ Martin? Was it all the ‘free’ stuff he got throughout the years thanks to his radio show? I remember that a local bike store gave him a Harley Davidson a few years ago. Besides the current problems with the law, the IRS issue may be a whole new chapter in the Russ Martin downfall.

 

[lilly64]

He has said on the show that he hadn't filed his taxes for the past 2-3 years. Of course with him you never knew when it was a bit for the radio. He said he couldn't go around his accountant cause his accountant talked too much and he couldn't take it. Maybe he let things pile up for too long and they came looking for their money.

 

[scottythecynic]

Whatever the IRS doesn't get, Amy deserves.

 

[oaktree]

Did he do "live" reads on his show?

Well, now you know. Stuff accumulated, in addition to money, must be accounted for to the IRS, be it trade, barter, etc. Not reporting it only triggers an audit or worse ... especially if he brags about it on air.

If he endorses a product, you can bet there's a product in there somewhere...and compensation. Not filing it is the illegal part.

 

[DFDubya]

He has said on the show that he hadn't filed his taxes for the past 2-3 years. Of course with him you never knew when it was a bit for the radio. He said he couldn't go around his accountant cause his accountant talked too much and he couldn't take it. Maybe he let things pile up for too long and they came looking for their money.

If he really did brag about not paying for 2-3 years, then he deserves jail. And he'll get it. Here's the tale of "Crazy Cabbie" from the Stern show. On HS, he bragged about not paying taxes. They were listening......

He was:

Arrested
Tried
Convicted
Served 1 year

http://www.howardshrine.com/2005/05/crazy-cabbie-aka-lee-mroszak-gets-jail.html

 

[marksman]

Cabbie's case was because of specific income and where he said he did not need to pay taxes.

It was for his boxing match that he got like 100k, and he said on the air he did not need to pay taxes.

I suspect Russ' situation is more involved. He also may be ignorant to what happened, but unfortunately for people who get into trouble with the IRS that is no excuse. Even if you pay someone could money to handle your taxes for you, you are responsible for making sure they get paid and get paid properly.

 

[DFDubya]

My point is that if you are on the air, you are a moron to discuss your personal taxes on the air.

 

[Lucli]

He has said on the show that he hadn't filed his taxes for the past 2-3 years.

I believe when he said that he meant that he filed extensions with the IRS, not that he had just decided not to file.

Also if I recall correctly, Russ was discussing what the IRS wanted from him his last week on the air and it had something to do with the house. Equity, interest, something of that nature. He also said he found an error in his favor after reviewing old taxes and the IRS owed him like 20K.

 

[marksman]

The problem with filing extensions is you still owe the money and you still rack up interest from the normal deadline.

If I file an extension on April 15th, until October 15th, I am still required to pay all the interest owed between then.

Given how Russ always talked about how he dodged his own accountant, his mess is not unpredictable. I will say though, that if I had to guess it is not something he can not negotiate and deal. In otherwords, unless there is something else there, it is not something where he will go to jail or lose his house and everything. He will probably have to pay a nice chunk of change to settle his debt but that will be it.

The funny thing is Russ always rants about people who don't pay their bills or file bankruptcy. It is funny that he is now allegedly not paying his taxes which makes him the biggest deadbeat possible.

 

[Lucli]

The problem with filing extensions is you still owe the money and you still rack up interest from the normal deadline.

If I file an extension on April 15th, until October 15th, I am still required to pay all the interest owed between then.

Given how Russ always talked about how he dodged his own accountant, his mess is not unpredictable. I will say though, that if I had to guess it is not something he can not negotiate and deal. In otherwords, unless there is something else there, it is not something where he will go to jail or lose his house and everything. He will probably have to pay a nice chunk of change to settle his debt but that will be it.

The funny thing is Russ always rants about people who don't pay their bills or file bankruptcy. It is funny that he is now allegedly not paying his taxes which makes him the biggest deadbeat possible.

Yes I understand about extensions, I was just addressing the perception of "Russ hasn't filed taxes in 3-4 years" giving the impression he just didn't file period.

I can't agree more on the irony of Russ avoiding taxes. I commented recently to a friend who also listens to Russ about his former rant on people who took anti-depressants and why they "just couldn't get over it", yet when Russ came to need them apparently that was different.

 

[unfamous]

Obviously this is just someone's anonymous post and the "facts" are debatable, but this guy seems to have some insider knowledge and seems to insinuate that the IRS is looking at the foundation!

http://russmartin.talkbox.us/index.cfm/go/l/l/qnchu1m/

Obviously it could be BS, but that sounds like a well thought out and reasonable post.

 

[jasonzbtzl]

The problem with filing extensions is you still owe the money and you still rack up interest from the normal deadline.

If I file an extension on April 15th, until October 15th, I am still required to pay all the interest owed between then.

Given how Russ always talked about how he dodged his own accountant, his mess is not unpredictable. I will say though, that if I had to guess it is not something he can not negotiate and deal. In otherwords, unless there is something else there, it is not something where he will go to jail or lose his house and everything. He will probably have to pay a nice chunk of change to settle his debt but that will be it.

The funny thing is Russ always rants about people who don't pay their bills or file bankruptcy. It is funny that he is now allegedly not paying his taxes which makes him the biggest deadbeat possible.

Yes I understand about extensions, I was just addressing the perception of "Russ hasn't filed taxes in 3-4 years" giving the impression he just didn't file period.

I can't agree more on the irony of Russ avoiding taxes. I commented recently to a friend who also listens to Russ about his former rant on people who took anti-depressants and why they "just couldn't get over it", yet when Russ came to need them apparently that was different.

Problem is, is it 100% clear that he actually was taking Welbutrin???? It's hard to know for sure what was real or fake??

 

[Lucli]

Oh I don't care if it was real or fake. And just to clarify I am (or was depending on this outcome) a Russ fan/listener but I don't go merrily along with all of the things he says. His hypocrisy regarding people who use antidepressants, anti anxiety meds, file bankruptcy, have a smoking addiction have all been discussed and ranted on by him.

Yet when Russ talked about himself taking anti depressants, anti anxiety meds and chewing tobacco. Suddenly the judgement was not as harsh when it involved him.

I took the good with the bad on Russ' show, enjoyed some parts and yelled back on others. I hate to see it come to an end with these charges, it will be a betrayal to all his fans which he can't recover from.

 

[tah]

Listed under links on www.johndavidryan.com as a friend and sponsor -

SlickTax.com
Got IRS problems? Haven't filed a return for awhile? Innocent spouse? The taxman garnishing your wages or filing tax liens? Here's your solution.


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[dfwyall]

Unfamous, I saw same post on Dallas Observer...it sounds very logically. Plus IRS really is keeping an eye lately on not for profits organizations...so if there is any little thing that looks off, it could trigger an audit for both the foundation and Russ.

 

[Knockpincorn]

Whatever the IRS doesn't get, Amy deserves.

Why does Amy deserve ANY of his money? She lived free in Russ's house and had him paying for her lifestyle, he should sue her for back rent! She didn't earn that money, Russ did with his radio talent and ambition. She was the catalyst of Russ's downfall (not the cause, Russ caused his own problems), he was sailing along pretty well before he let her move in. If Amy wants Russ's money she should go to broadcasting school and spend the next 25 years working her way up the ladder. She should be thankful that she got away from an allegedly violent man before something else happened.

Amy deserves criminal justice if she was attacked, but she has no right to Russ's money.

(What's funny is I don't even like Russ!)

 

[Dndsh237]

Whatever the IRS doesn't get, Amy deserves.

Why does Amy deserve ANY of his money? She lived free in Russ's house and had him paying for her lifestyle, he should sue her for back rent! She didn't earn that money, Russ did with his radio talent and ambition. She was the catalyst of Russ's downfall (not the cause, Russ caused his own problems), he was sailing along pretty well before he let her move in. If Amy wants Russ's money she should go to broadcasting school and spend the next 25 years working her way up the ladder. She should be thankful that she got away from an allegedly violent man before something else happened.

Amy deserves criminal justice if she was attacked, but she has no right to Russ's money.

(What's funny is I don't even like Russ!)

If Russ is indeed responsible for Amy's injuries, she can sue him for medical expenses. It doesn't matter that she was living with him "for free", if he did indeed beat her up.

 

[jasonzbtzl]

Correct she only stands to gain monetarily through her case against him for the abuse, but other than that she can stake no claim to his wealth, not even, in common-law terms:

Currently, only 9 states (Alabama, Colorado, Kansas, Rhode Island, South Carolina, Iowa, Montana, Oklahoma, and Texas) and the District of Columbia recognize common-law marriages contracted within their borders.
Among those states that permit a common-law marriage to be contracted, the elements of a common-law marriage vary slightly from state to state.

The indispensable elements are
(1) cohabitation
(2) "holding out." "Holding out" means that the parties tell the world that they are husband and wife through their conduct, such as the woman's assumption of the man's surname, filing a joint federal income tax return, etc. This means that mere cohabitation cannot, by itself, rise to the level of constituting a marriage. Of course, many disputes arise when facts (such as intentions of the parties or statements made to third parties) are in controversy.

http://www.ncsl.org/programs/cyf/commonlaw.htm

 

[Knockpincorn]

If Russ is indeed responsible for Amy's injuries, she can sue him for medical expenses. It doesn't matter that she was living with him "for free", if he did indeed beat her up.

If she sues and wins, THEN she deserves some of his money.

The police report says "________ said there have been previous incidents similar to this and she knew it was going to be bad when he got home". Russ's alleged behavior is criminal, but this shows she has some personal responsibility in the incident. She had time to remove herself from what she KNEW was a bad situation before it happened.

That doesn't excuse Russ's alleged behavior by any means, but she doesn't deserve money for standing on the train tracks waiting for the train.

 

[tah]

If Russ is indeed responsible for Amy's injuries, she can sue him for medical expenses. It doesn't matter that she was living with him "for free", if he did indeed beat her up.

If she sues and wins, THEN she deserves some of his money.

The police report says "________ said there have been previous incidents similar to this and she knew it was going to be bad when he got home". Russ's alleged behavior is criminal, but this shows she has some personal responsibility in the incident. She had time to remove herself from what she KNEW was a bad situation before it happened.

That doesn't excuse Russ's alleged behavior by any means, but she doesn't deserve money for standing on the train tracks waiting for the train.

I suggest that you inform yourself on the behavior of domestic violence abuse victims. Prior incidents and knowledge of what is to come is a very common pattern.

Again.........this is her fault? How?

BTW, only Mr. Martin or someone he designates can talk to the IRS regarding his taxes. If she was not a designee, then she could not get any kind of information for him.