June 23, 2011

Former Manager For Michael Jackson Admits to Tax evasion



Michael Jackson’s former manager and spokesman plead guilty in a federal to court to failing to pay taxes. She faced two charges of tax evasion.

Raymone Bain admitted that she failed to pay hundreds of thousands of dollars in taxes between 2006 and 2008 to the IRS and the District of Columbia. She pled guilty for failing to pay her 2008 taxes.

Bain worked for Jackson handling his daily financial, marketing and publicity operations.

Bain will appear in court for sentencing on August 31st. She faces up to 18 months in jail and a fine of $105,000. She has also agreed to pay back taxes to the IRS and the District of Columbia. Bain negotiated a plea bargain, so it is likely that she will receive a reduced sentence. Had she fought the charges and lost, she would have likely been given the maximum sentence, which is one year for the federal charge, and six months for the district charge.

The IRS and local districts aggressively pursue people who evade their taxes. A tax attorney can represent these individuals in court through plea negotiations or a court trial. Their knowledge of the tax laws makes them valuable assets in any tax case.

When a person has been charged with tax evasion, a tax lawyer can work to reduce their sentences and fines.

For some they simply can’t pay their tax bills when they are due, by hiring a tax attorney, they will be able to set up payments and possibly have their interest penalties lowered.
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