FFS. How freaking hard is it to multiple a check by a percentage and just set that aside for tax season. These are grown women (and men), not children. Thereās nobody to blame but their own ignorance.
Or there are even these crazy people you can pay pretty reasonable amounts to that will actually figure out all of this for you and set you up with a whole plan! For life, even, if you ask them to. Lol. š¤¦š»āāļø Zero excuses for this kind of crap from an adult raising three children, who has disposable income. Sorry.
Have a good weekend š.
Well usually taxes for most people are pretty simple. You go anywhere with a W2 and files taxes. With these women, I can see where it is more difficult. They make decent money but itās coming from multiple sources that Iām sure many are not tax deducted and they may even be 1099 on a lot of this and on other things being listed as owner/self employed is a different tax. Different forms of income will be taxed a different rates. If she owns any type of business, depending on her state, she may have 2 types of taxes to pay for that. They should hire professionals to keep their books for them, but I can definitely empathize with young and new money people messing up taxes.
By the time this series comes to an end I wonder what the collective debt of these cast members who make almost half a mil each year from this show will be.
Like. Imagine making that kind of money and still landing yourself in crippling debt. It's crazy.
If sheās anything like ray i definitely will.
Hope she knows she has to pay taxes on onlyfans too tho šššš
She could pay that $450k in less then a month if she hustled tho
It's the way their contracts are set up. They aren't employed by MTV, but are signed as individual/private contractors and their earnings aren't taxed before they get them. It's up to them to handle how their taxes are dealt with. It would make sense in the beginning for the girls to not really understand what they were doing and end up owing a few thousand, but they've been in this for almost 15 years now and there's really no excuse for it at this point. What make it worse is that they make so much now and as a result, owe much more back.
Exactly!! Thatās why Iām always so fucking floored when I hear what they owe, also we all know how Leah is with money, I havenāt watched them in a while but I remember Jeremy bitching about it back in the day
Completely agree except Iāll clarify wording on one thing. Their earnings do not have taxes withheld, but they are taxable. It sounds like you understand that, but I just want to clarify for anyone reading. :)
Yes! Sorry if I confused anyone. The girls taxes are not withheld at the time of payment, they are responsible for putting money away for when they file.
The need to have a decent accountant and financial planner. Professionals need to set them up to pay early instead of waiting until later when all the money is tied up in other things like houses, cars, vacations, businesses and friends and family with their hands out constantly
Nah I agree with you that they are idiots but Iām sure everyone learned a hard lesson from Mike the Situation from JS and are all well aware of taxes and consequences!
Stupid but it's made him buku buks and still does. He just had his previous possessions taken away before he went to prison, so right now it doesn't seem like he has as much as before. I'd love to have his house though lol
Iām not surprised and to learn C&T have similar issueā¦ MTV probably doesnāt equip them with financial intelligence. To me most seem like they come from families that may not have a lot of money so throw whatever salaries theyāre getting how do they know how to manage sudden wealth. If they are wealthyā¦
I donāt think itās MTVs job to teach them financial responsibility.
I completely agree that it stems from how they were raised, but they have to teach themselves.
I dunno man. When you contract out children, I think part of your obligation to them is at least telling them they have to save x% of their money for taxes.
Thatās what Iām wondering. Because if she did, that should have shown up when they did the title search and they would have either had to pay it through the proceeds (and I doubt her home would have sold for enough to clear it) or they would have had to get the IRS to at the very least relase the lien from that property in order to give the buyer clean title. And getting the feds to agree to that is no easy feat, and takes months to process. And if the buyer had a loan, they for sure had to have it taken care of somehow, because no lender is going to be ok lending on a property that has a Federal tax lien for more than (proably way more) than the home. So either she didnāt sell it, or a title co somewhere (or abstractor) missed a huge ass cloud on title. Same with the state tax lien, but that ones newer, so itās possible it wasnāt of record yet when/if she sold, so it wouldnāt attach.
Source: Iāve dealt with this kind of stuff nationwide 40+ hours a week for 10+years
Just read an article that is the reason the house was in Jaylan's name only....bc of her tax situation. But he signed it over to her if she agreed to sign an NDA not disclosing the reason(s) behind their breakup. š
https://www.theashleysrealityroundup.com/2022/11/02/exclusive-more-details-about-the-breakup-of-teen-mom-star-leah-messer-plus-how-she-was-able-to-stay-in-the-home-she-once-shared-with-jaylan/
I think this might be why they split. She probably hid that mess from him and he saw it as a š©
I bet she was never able to purchase that washer and dryer set š
So much for that #generationalwealth!
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STAND IN YOUR POWER LEAH š
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Whoops!
FFS. How freaking hard is it to multiple a check by a percentage and just set that aside for tax season. These are grown women (and men), not children. Thereās nobody to blame but their own ignorance.
I'm glad here in the UK that it's worked out for us via PAYE if employed. Unless you're self employed and then you have to do your own tax returns
Or there are even these crazy people you can pay pretty reasonable amounts to that will actually figure out all of this for you and set you up with a whole plan! For life, even, if you ask them to. Lol. š¤¦š»āāļø Zero excuses for this kind of crap from an adult raising three children, who has disposable income. Sorry. Have a good weekend š.
Well usually taxes for most people are pretty simple. You go anywhere with a W2 and files taxes. With these women, I can see where it is more difficult. They make decent money but itās coming from multiple sources that Iām sure many are not tax deducted and they may even be 1099 on a lot of this and on other things being listed as owner/self employed is a different tax. Different forms of income will be taxed a different rates. If she owns any type of business, depending on her state, she may have 2 types of taxes to pay for that. They should hire professionals to keep their books for them, but I can definitely empathize with young and new money people messing up taxes.
Maybe she can get a loan from Germy
By the time this series comes to an end I wonder what the collective debt of these cast members who make almost half a mil each year from this show will be. Like. Imagine making that kind of money and still landing yourself in crippling debt. It's crazy.
This tax lien wasnāt a result of the recent split. Girl needs a CPA before another boyfriend.
They are always with multiple cars and homes. Always moving
Not shocked
Eeek. Canāt leave the show now. Hope it all works out for her.
Here comes an onlyfans!!!!!!
Maybe she could sell foot pics like Charlieās wife on 90 day fiance
Thatās boring. Do the xxx stuff like the fans want ššš
Iād subscribed to Leahās Tax Money fundraiser lol
Tits for taxes!
If sheās anything like ray i definitely will. Hope she knows she has to pay taxes on onlyfans too tho šššš She could pay that $450k in less then a month if she hustled tho
They make enough cash why the fuck are cast members always needed to pay taxes? Anyone know??
It's the way their contracts are set up. They aren't employed by MTV, but are signed as individual/private contractors and their earnings aren't taxed before they get them. It's up to them to handle how their taxes are dealt with. It would make sense in the beginning for the girls to not really understand what they were doing and end up owing a few thousand, but they've been in this for almost 15 years now and there's really no excuse for it at this point. What make it worse is that they make so much now and as a result, owe much more back.
Exactly!! Thatās why Iām always so fucking floored when I hear what they owe, also we all know how Leah is with money, I havenāt watched them in a while but I remember Jeremy bitching about it back in the day
Completely agree except Iāll clarify wording on one thing. Their earnings do not have taxes withheld, but they are taxable. It sounds like you understand that, but I just want to clarify for anyone reading. :)
Yes! Sorry if I confused anyone. The girls taxes are not withheld at the time of payment, they are responsible for putting money away for when they file.
The need to have a decent accountant and financial planner. Professionals need to set them up to pay early instead of waiting until later when all the money is tied up in other things like houses, cars, vacations, businesses and friends and family with their hands out constantly
Most likely they are idiots and donāt know how taxes work.
Nah I agree with you that they are idiots but Iām sure everyone learned a hard lesson from Mike the Situation from JS and are all well aware of taxes and consequences!
Mike "the Situation" is the most stupid and cringe name
Stupid but it's made him buku buks and still does. He just had his previous possessions taken away before he went to prison, so right now it doesn't seem like he has as much as before. I'd love to have his house though lol
I donāt disagree with you but thatās how people know him, Sorrentino doesnāt even sound right lol
Iām not surprised and to learn C&T have similar issueā¦ MTV probably doesnāt equip them with financial intelligence. To me most seem like they come from families that may not have a lot of money so throw whatever salaries theyāre getting how do they know how to manage sudden wealth. If they are wealthyā¦
Maci has also owed quite a bit before too.
I donāt think itās MTVs job to teach them financial responsibility. I completely agree that it stems from how they were raised, but they have to teach themselves.
I dunno man. When you contract out children, I think part of your obligation to them is at least telling them they have to save x% of their money for taxes.
šÆitās not on MTV but they probably have no idea how to manage money let alone real estate, taxesā¦
Did she sell her home?
Thatās what Iām wondering. Because if she did, that should have shown up when they did the title search and they would have either had to pay it through the proceeds (and I doubt her home would have sold for enough to clear it) or they would have had to get the IRS to at the very least relase the lien from that property in order to give the buyer clean title. And getting the feds to agree to that is no easy feat, and takes months to process. And if the buyer had a loan, they for sure had to have it taken care of somehow, because no lender is going to be ok lending on a property that has a Federal tax lien for more than (proably way more) than the home. So either she didnāt sell it, or a title co somewhere (or abstractor) missed a huge ass cloud on title. Same with the state tax lien, but that ones newer, so itās possible it wasnāt of record yet when/if she sold, so it wouldnāt attach. Source: Iāve dealt with this kind of stuff nationwide 40+ hours a week for 10+years
Just read an article that is the reason the house was in Jaylan's name only....bc of her tax situation. But he signed it over to her if she agreed to sign an NDA not disclosing the reason(s) behind their breakup. š https://www.theashleysrealityroundup.com/2022/11/02/exclusive-more-details-about-the-breakup-of-teen-mom-star-leah-messer-plus-how-she-was-able-to-stay-in-the-home-she-once-shared-with-jaylan/
I used to be an LP, was coming here to say the same thing!
We all saw this coming from a mile away.
C+T have IRS issues too, no?
I think quite a few of these cast members have issues with them.
Could solve the mystery of why the house was in his name only.