I’m just shocked, shocked mind you, to find out that yet another individual in the adult entertainment industry didn’t tell the truth on his tax return. Well, not really as there might just be a pattern here….
From my old stomping ground, Orange County, comes the case of one Oscar Macias. Mr. Macias was one of the principals of Universal Media Management, a Cerritos, California based adult entertainment firm. Mr. Macias pleaded guilty to one count of filing a false tax return.
Mr. Macias admitted that he did not report all of the cash income from the business, causing a loss to the Treasury of over $32,000. Mr. Macias received 15 months at ClubFed and must also make restitution. Last year, Catherine Shidad pleaded guilty to filing a false tax return and received probation and had to make restitution of $140,000.
Cash income is just as taxable as checks, credit cards, or any other method of payment. Unfortunately, that somehow frequently gets lost in the adult entertainment world. Maybe if I attended this year’s Adult Entertainment Expo–it’s next week here in Las Vegas–I might drum up some business….
Tags: Adult.Entertainment