Thursday, October 11, 2012
Joe Kristan: Blogger Makes Enough Money to Get Into Tax Trouble!:
A tax crime out of Massachussets gives hopes to starving bloggers everywhere. From the Milford Daily News:
David Altavilla, 45, pleaded guilty to charges of filing a false income tax return. ... Authorities said in the press release that Altavilla operated an Internet blog called “hothardware.com” as a side business to supplement his regular employment. Altavilla sold advertising space on the site, which contained contributor articles reviewing computers, computer components, and other related items, said authorities.
In 2006, 2007 and 2008, Altavilla under-reported the total amount of gross receipts he took in from advertisers, resulting in an under-reporting of his tax liability, said the department.
Altavilla faces up to three years in prison for filing a false tax return. As part of the plea agreement, he will pay restitution to the IRS in the amount of $141,710, said the department.
As Joe notes,"it’s great to know that a blog can make enough money that you have to pay $141,710 in tax."