Learn Taxes 101 from Teresa Giudice

Even 'Real Housewives' pay taxes - learn from Teresa's windfall of mistakes Jeffrey S. Freeman, J.D., LL.M The IRS cares not what TV channel your family appears or if you've topped the New York Times Bestseller's list multiple times. They care that you honestly file and pay your taxes. Simple, right? Reading the reports and watching the sentencing of Teresa Giudice, star of Bravo's 'Real Housewives of New Jersey', and her husband Joe was a startling. The numerous misses and mistakes made by the couple was alarming. Conscious or not, they must now pay for their crimes. But, you can take a moment and learn from their mistakes. File your taxes - Not filing your taxes is never a good option. Joe Giudice failed to file their 2004 tax return. The IRS rarely grants a free pass to those who do not file or pay and Teresa and Joe are paying in both time and money. If you owe taxes and don't file you are going to pay a 5% monthly fee on the taxes owed, with a maximum fee of 25%. Additionally, if you wait 60 days to file you'll be charged a $135 fine or 100% of the [...]