Williams sisters admitted to "mis-characterizing payments for tax deduction reasons" - TennisForum.com
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post #1 of 44 (permalink) Old Dec 5th, 2006, 03:40 PM Thread Starter
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Williams sisters admitted to "mis-characterizing payments for tax deduction reasons"

in a Yahoo article i read, it said the sisters testified in this current trial against the Florida promoters that they had deliberately mis-characterized money paid to their father as management fees, for tax deduction reasons. What lawyer told them it was a good idea to come out and say this in court as officially recorded testimony?

The Williams had better hope the IRS isn't following the trial, or those wacky promoters could soon be the least of their legal problems.
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post #2 of 44 (permalink) Old Dec 5th, 2006, 03:56 PM
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Re: Williams sisters admitted to "mis-characterizing payments for tax deduction reasons"

A few months late, huh?

I swear, certain folks are just loving
to post and re-post the same stuff that
has been posted and like this, done said
months ago!

Wonder why?
Hmmm...........

Not to mention, that is was not for
tax deduction reasons! Yet, what
do facts matter.

FYI, their accountants
mischaracterized
the fees.

Last edited by Paneru; Dec 5th, 2006 at 04:06 PM.
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post #3 of 44 (permalink) Old Dec 5th, 2006, 04:17 PM Thread Starter
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Re: Williams sisters admitted to "mis-characterizing payments for tax deduction reasons"

Quote:
Originally Posted by Paneru View Post

Not to mention, that is was not for
tax deduction reasons! Yet, what
do facts matter.

FYI, their accountants
mischaracterized
the fees.

i'm just quoting the widely distributed news article that i (and, presumably, the IRS) read. The IRS tends to take these kind of issues with rich, famous people rather seriously.
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post #4 of 44 (permalink) Old Dec 5th, 2006, 04:20 PM
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Re: Williams sisters admitted to "mis-characterizing payments for tax deduction reasons"

Quote:
Originally Posted by vogus View Post
i'm just quoting the widely distributed news article that i (and, presumably, the IRS) read. The IRS tends to take these kind of issues with rich, famous people rather seriously.
Widely distributed news that has been
posted more than three times already on
this board and something that has been
known and written about months ago.

Yet, what's one more thread on it.
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post #5 of 44 (permalink) Old Dec 5th, 2006, 04:53 PM
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Re: Williams sisters admitted to "mis-characterizing payments for tax deduction reasons"

Quote:
Originally Posted by Paneru View Post
Widely distributed news that has been
posted more than three times already on
this board and something that has been
known and written about months ago.

Yet, what's one more thread on it.

How about you calm down. I've never seen another thread about it, and I'm assuming vogus didn't either.
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post #6 of 44 (permalink) Old Dec 5th, 2006, 05:40 PM
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Re: Williams sisters admitted to "mis-characterizing payments for tax deduction reasons"

Maybe it's very apparant that they was an error or intentional error on their tax returns, and perhaps their lawyer advised them it would be better not to deny this in court. Certainly perjury would be worse, no?

Мари́я Ю́рьевна Шара́пова​ , Јелена Јанковић, Venus Williams.

Last edited by LH2HBH; Dec 5th, 2006 at 06:32 PM.
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post #7 of 44 (permalink) Old Dec 5th, 2006, 05:44 PM
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Re: Williams sisters admitted to "mis-characterizing payments for tax deduction reasons"

Quote:
Originally Posted by vogus View Post
in a Yahoo article i read, it said the sisters testified in this current trial against the Florida promoters that they had deliberately mis-characterized money paid to their father as management fees, for tax deduction reasons. What lawyer told them it was a good idea to come out and say this in court as officially recorded testimony?

The Williams had better hope the IRS isn't following the trial, or those wacky promoters could soon be the least of their legal problems.
if they were asked about it, they can't lie
if their lawyer knows they are lying, he has a duty of candor and must state that they are lying

unless he's a scumbag lawyer. although he would be risking his license if anyone found out he had let a client lie in court

ugh, why do they all suck????????
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post #8 of 44 (permalink) Old Dec 5th, 2006, 05:49 PM
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Re: Williams sisters admitted to "mis-characterizing payments for tax deduction reasons"

Quote:
Originally Posted by Ryan View Post
How about you calm down. I've never seen another thread about it, and I'm assuming vogus didn't either.
How about you mind
yourself and step off.

BTW, yeah, how could anyone
miss the number of threads reporting
all this that have been on pages 1 & 2
for the past two weeks.
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post #9 of 44 (permalink) Old Dec 5th, 2006, 05:53 PM
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Re: Williams sisters admitted to "mis-characterizing payments for tax deduction reasons"

Quote:
Originally Posted by Paneru View Post
How about you mind
yourself and step off.

BTW, yeah, how could anyone
miss the number of threads reporting
all this that have been on pages 1 & 2
for the past two weeks.
THERE hasn't been a "number of THREADS" reporting all this, but JUST one thread.

http://www.wtaworld.com/showthread.php?t=274389

Last edited by cheo23; Dec 5th, 2006 at 05:59 PM.
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post #10 of 44 (permalink) Old Dec 5th, 2006, 06:00 PM
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Re: Williams sisters admitted to "mis-characterizing payments for tax deduction reaso

Quote:
Originally Posted by Paneru View Post
How about you mind
yourself and step off.

BTW, yeah, how could anyone
miss the number of threads reporting
all this that have been on pages 1 & 2
for the past two weeks.
They don't police the board as obsessively as you do.
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post #11 of 44 (permalink) Old Dec 5th, 2006, 06:25 PM
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Re: Williams sisters admitted to "mis-characterizing payments for tax deduction reasons"

Stop jumping on vogus! I never heard this at all. Maybe you don't like the message but don't kill the messenger. I hope the girls did not do anything wrong. If they did something wrong knowingly then they may have to learn a lesson. Let's just hope things turn out well for them.
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post #12 of 44 (permalink) Old Dec 5th, 2006, 06:46 PM Thread Starter
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Re: Williams sisters admitted to "mis-characterizing payments for tax deduction reasons"

Quote:
Originally Posted by treufreund View Post
I hope the girls did not do anything wrong. If they did something wrong knowingly then they may have to learn a lesson. Let's just hope things turn out well for them.

intentional tax fraud is hard to prove but it is a serious crime. Why somebody as wealthy as the Williams would possibly incriminate themselves for tax fraud in official testimony, in order to try to gain an advantage in a civil lawsuit, is just baffling to me. I guess they can try to blame their accountants for it, and who knows, maybe they can show it really was the accountants fault. But the word used, "mis-characterized" clearly suggests that tax laws were being knowingly violated by the Williams or someone working for them.
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post #13 of 44 (permalink) Old Dec 5th, 2006, 07:04 PM
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Re: Williams sisters admitted to "mis-characterizing payments for tax deduction reasons"

Who said it? Venus, Serena, or both?


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post #14 of 44 (permalink) Old Dec 5th, 2006, 07:13 PM Thread Starter
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Re: Williams sisters admitted to "mis-characterizing payments for tax deduction reasons"

Quote:
Originally Posted by King. View Post
Who said it? Venus, Serena, or both?

article didn't specify but i'm guessing it was their lawyer who gave this testimony on their behalf.
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post #15 of 44 (permalink) Old Dec 5th, 2006, 07:14 PM
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Re: Williams sisters admitted to "mis-characterizing payments for tax deduction reasons"

Quote:
Originally Posted by King. View Post
Who said it? Venus, Serena, or both?
That's what I want to know.
I hope Serena didn't say it. She's too fab to go to jail.

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