It’s that Time of Year Again

The 2021 tax deadline is Monday, April 18^th, thanks to the Good Friday holiday.  While tax planning is a year-long exercise, many of us fall into the procrastinator camp.  The key is to plan around the things that you can control, think retirement plan contributions, keeping good records, tax-loss harvesting,  and being informed.  It is hard sometimes, but paying a big tax is better than not paying a big tax bill…Now here are our top five favorite tax scofflaws…5) Wesley Snipes, from Blade to the Big House on about $23 million in unpaid taxes. 4) Willie Nelson,  crooned his way to a $16.7 million dollar tax bill.  3) Mike Tyson, $23 million in tax debt after earning over $300 million in his career. 2) Mike Sorrentino, “The Situation” on Jersey Shore got himself into a jam on about $9 million in back taxes.  And 1) Al Capone, the notorious Chicago gangster was finally sent to prison after declaring “they can’t collect legal taxes from illegal money”.  But yes they can.  Honorable mention…Leona Helmsley, Pete Rose, and Heidi Fleiss.