Posts Tagged ‘Mario.Winans’

If You’re a Celebrity…

Sunday, October 2nd, 2016

…It pays to file and pay your taxes. This goes even for those behind the scenes.

Mario Winans is a record producer, a singer, and a songwriter. He’s won a Grammy Award for Best Gospel Performance. He may be best known for “I Don’t Wanna Know,” a single that reached #2 in tghe United States. Mr. Winans has been successful, earning $2.8 million (gross income) from 2008 through 2012. We know how much he paid in taxes, and that’s the problem: He didn’t pay anything. Did he have some tax shelter, or perhaps a Net Operating Loss he took advantage of?

No, he simply didn’t file returns. That’s not a good idea, and it became an especially bad idea when the IRS figured this out. Mr. Winans pleaded guilty on Thursday; he faces up to two years at ClubFed, restitution of $434,968, and a possible $200,000 fine.

As usual, it’s always a lot easier to simply pay your taxes…especially if you’re a celebrity. Here’s Mr. Winan’s in “I Don’t Wanna Know;” I guess he now knows that filing and paying his taxes would have been a better idea.