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.
Trumpeter Playing the Tax Evasion Blues
A trumpeter who also operates a gospel ministry (MightyHorn Ministry) has been charged with tax evasion. According to a story in the Chatanooga, TN Chatanoogan, Phil Driscoll, his wife and his mother-in-law have been accused of evading taxes by failing to report over $1 million in income by disguising the sale of personal assets. The indictments allege that the evasion has been ongoing for over ten years.

Mr. Driscoll's website notes that he has been playing the trumpet for over 20 years, won "Musician of the Year" from the CCMA in 1999, and won a Grammy Award in 1984.