Taxable Talk

From Russ Fox, E.A., of Clayton Financial and Tax of Irvine, CA
All items below are for information only and are not meant as tax advice.
Please consult your own tax advisor to see how each item impacts your own situation.
Adult Businesses & Taxes
The Houston Chronicle has an interesting article about US Attorneys using the tax laws to go after adult business owners.

Pornography, excuse me, adult businesses, are not liked by the government. Back in 2005, then US Attorney General Alberto Gonzales set up a task force targeting the industry. As the article notes, the tax laws are being used where anti-pornography laws can't.

Businesses in industries that have lots of cash have always been targets of the IRS. This is definitely the case for the adult entertainment industry. I've written in the past about cases against strip club owners. Based on the Chronicle article, I'll have plenty more to write about in the future.
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