A weekly reality television show airing since 2014 brought fame and fortune to the Chrisley family. They recently made another appearance—in court—pleading not guilty to charges leveled in a federal grand jury indictment.
A popular series on the USA Network, Chrisley Knows Best chronicles the adventures of a Nashville family and the inevitable parenting ups and downs of everyday life. But life at the Chrisley household took an unexpected turn when mom and dad, Julie and Todd Chrisley, were indicted on several serious tax charges.
Along with their accountant, Mr. and Mrs. Chrisley are charged with multiple counts of conspiracy, wire fraud, tax evasion and bank fraud. The Federal Bureau of Investigation (FBI) assisted with the IRS criminal tax investigation that ensnared the Chrisley family.
The IRS alleges the couple falsified income tax and personal financial statements when applying for bank loans. The couple was able to obtain millions of dollars in loans based on the fraudulent information. Their accountant is accused of helping them prepare phony financial statements and a falsified credit report.
Notes US Attorney Byung Pak, “Todd and Julie Chrisley are charged not only with defrauding a number of banks by fraudulently obtaining millions of dollars in loans, but also with allegedly cheating taxpayers by actively evading paying federal taxes on the money they earned. Celebrities face the same justice that everyone does. These are serious federal charges and they will have their day in court.”
According to the Department of Justice, Mr. Chrisley unwittingly stated on a radio show in 2017 that “…Obviously the federal government likes my tax returns because I pay 750,000 to 1 million dollars just about every year so the federal government doesn’t have a problem with my taxes.” Among the charges currently faced by the couple is failure to file tax returns from 2013 through 2016, and failure to pay federal income taxes during that same period.
When the couple and their accountant became aware of the criminal tax investigation, they allegedly hid income and lied to the FBI and IRS.
As this and other scandal rocks the Chrisley family and the future of their television show, it is a good idea to remember not to publicly taunt agencies that may be pursuing criminal tax charges against you. In October, the Chrisley’s settled their account with the Georgia Department of Revenue by paying approximately $150,000. Federal charges remain pending.
If you believe you may be under investigation, or are notified of a criminal tax audit, say nothing and contact an experienced criminal tax defense attorney as quickly as possible. Because reality really does bite.
Skilled tax litigation attorneys help you in Cleveland and Chicago
If you or your businesses are challenged by a tax controversy or allegations of a tax crime, our legal team at Robert J. Fedor, Esq., LLC provides confidential, seasoned legal service. Contact us or call 800-579-0997 today.