Tax plea for ‘Girls Gone Wild’ founder

September 23, 2009

Finally! The end to our tackiest national tax nightmare is near.

"Girls Gone Wild" founder Joe Francis apparently has reached a plea agreement with federal prosecutors so we should be hearing much less about his tax troubles.

According to published reports, Francis will plead guilty this afternoon in a California court to filing false tax returns (and one count of bribing Nevada jailers for food; really), receive credit for time (301 days) already served in connection with the tax charges and pay $250,000 in restitution.

Any outstanding tax liabilities allegedly owed by Francis or his companies from 2002 to 2008 will be handled in civil or administrative courts. The IRS contends he improperly claimed deductions of more than $20 million over the years.

Too bad the plea agreement didn't also call for an end to his disgusting TV ads.

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Those procrastinating filers aren’t a problem. In fact, the IRS appreciates taxpayers who take time to fill out their 1040 forms correctly. It also is grateful that tax submissions are spread out a bit, especially now that the IRS is a leaner agency. Processing returns is easier when they arrive throughout the year instead of in massive bunches.

But enough about Uncle Sam’s tax collection issues. The focus now is on all y’all who filed for extensions, giving you another six months to complete your return. Since your new mid-October due date will be here before you know it, let’s get started now on meeting it.

The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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Comments
  • caleb i.
    17 years ago

    Why do people avoid paying taxes? Don’t they know that it is the fundamental treasure that the government uses to give people the service they deserve? Not paying taxes will bring you much more cost than paying it if you have been caught not paying and proclaiming false taxes returns… now if you want to repair your credit avoid having balances and avail those short-term loans. You apply for personal loans similar to other loans, and many lenders don’t require a credit check and have direct deposit capabilities. If you want to repay your low rate personal loans quickly, many offer short-term loans to that end.

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