Remember all the confusion over the $200,0000 Teresa was supposed to pay as part of her PLEA DEAL when she was on WWHL? Well, she finally paid it! It will be important for you to bear in mind this was a condition of her plea deal and not part of her sentencing as you read through this post. Because even local legitimate New Jersey news outlets are reporting this wrong. First let’s talk about the news.
“As part of their plea deal, Teresa had been told to pay the $200,000 either before or at sentencing. But one of her attorneys told the judge at the sentencing that he was waiting for the checks to clear. About $150,000 was secured through a contract advance of Teresa’s, while the remaining $50,000 was obtained from a friend as a loan, he said. Salas said she didn’t understand why the funds weren’t secured in advance, given that the couple had months to prepare. Eric Breslin, one of Teresa’s lawyers, said on Tuesday that the $200,000 demanded by the court was paid on Oct. 6. But he declined to provide details about the contract advance.”
The news is that the $200,000 that Teresa needed to pay by the day of sentencing has finally been paid, late. We can infer by this information, paired with what her attorney said that the delay was due to Bravo. We also now know how much Teresa was actually paid by Bravo in total for her interview with Andy AND he reunion show, $150,000. If you recall I already told you that the numbers floating around for her interview were extremely inflated. If she had made more than $150K in her last check for the interview and reunion, she would not have needed to supplement with a $50K “loan from a friend.”
Another point of clarification. The check was not an advance. Bravo is not in the habit of giving six figure advances to employees, particularly those convicted of financial fraud. What they did was promise to hand her, her much needed check right after the reunion was finished, on October 5th. That check was cleared on October 6th when payment was made. Her attorney may have tried to sell it to the judge as “waiting for an advance” but as the judge pointed out, if an advance was granted it certainly could have happened in time. The fact of the matter is that Teresa had to meet her final obligations to Bravo in order to get her final check. If this financial plan by Bravo were modified for Teresa do you think she and Joe would have shown up for WWHL or the reunion? It also explains why Andy denied that anyone was late to the reunion. He was just happy she actually showed up. She really had no choice.
My final point of clarification is in regard to where the $200,000 was allocated. NorthJersey.com is reporting that $200,000 will be put toward the $414,000 restitution to Wells Fargo. That is incorrect. This $200,000 is part of the PLEA DEAL not the restitution set at sentencing. Remember? I explained all of this here. And nothing has changed. To quote myself, “Teresa has agreed to pay $200,000 back to the IRS prior to her sentencing date of July 8, 2014 as partial satisfaction of her debt. She is also required to refile all of her taxes from 2000 through 2011 with all necessary documentation. She is required to make necessary payments for all affected tax years prior to her sentencing date. In the event she is unable to make such payments in full, she must set up a mutually agreed upon plan with the IRS.” Remember boys and girls Uncle Sam takes their share first EVERY TIME. There are no exceptions to this rule. Wells Fargo’s debt of $414K will not be paid from this payment.
And that is the real tea on the mystery of the $200K that you won’t hear elsewhere, until of course they read it here first. Let’s wait and see if the news outlets change their report or if the misinformation perpetuates. 🙂
You’re so good. 🙂
Thanks.
Damn, to have to redo 12 years of tax returns bites, in addition to everything else. They are so far up the river, they may never be seen again.
Really. Can you imagine that task, especially given how screwed up their records are or not having any records at all? I don’t see how you could ever straighten that nightmare out, even if you could afford an accountant which I assume they can’t. What are these people living on for day-to-day expenses? Everything is about to be seized, they will have nowhere to live other than with family, they have no job other Bravo and they already got paid for last season and turned it over to the Court, right? The Court is watching them like a hawk, so if they spend any money, they are going to have to explain where it came from and Joe can’t even have a drink to calm his nerves (not sure if that’s gone into effect yet). Luckily, they appear to be too stupid to understand the full nuclear magnitude of the crisis. They must have stacks of cash hidden in that house, so they aren’t really too worried about the rest of it. They’ll just play the dumb card and say they didn’t understand what they were supposed to do. I’d love to be a fly on the wall that their house.
I really don’t think it is possible to file a income tax return from years ago with income from personal businesses that was never recorded or documented. I mean how do you do that? Normal people have trouble keeping up with receipts and documents for things from the previous fiscal year.
I honestly don’t see any way anyone could do it.
On Tue, Oct 14, 2014 at 8:11 PM, Tamara Tattles wrote:
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With a task such as that on your hands, I would think the prison time would almost be a nice escape/vacation at this point. Just that alone is beyond overwhelming, but on top of all the other stuff… Oh my God, what a nightmare.
Yes, it’s like “I’ve committed nothing but fraud for years now. I will now attempt to file legit tax returns on all of those transactions.” Let’s see, where are my charity receipts for those cash only transactions at book signings and all my comped designer shit that I admitted on national TV that I don’t pay for, meaning it’s income and I need to pay taxes on it and then I’ll need a medical expense deduction for my boob job and fertility treatments I never paid for. I’ll deduct my unpaid bills for materials and construction work on my house, hmmmm. . .ATV’s for all the kids, that’s transportation expenses, my clothes, shoes, hair extensions and false eyelashes, well, I need those for work, depreciation on my high-end cars. Gee, it looks like I don’t really owe any taxes out of the $13M after all. It’s all deductions! I’ll probably be getting a refund.
Unless you are a meticulous record keeper, you would not have the information. The IRS normally goes back 7 years. They don’t keep those records forever.
There’s no way they’ll be able to do it. The IRS will probably do it for them. And I thought they can only go back 7 years. One lesson learned is never go on TV if your shit is raggedy or you’ve committed serious financial fraud.
Tamara, I used to work in the income tax field, for individuals and businesses. I stopped about 14 years ago, so things may have changed alot since then. But I worked with a couple of individuals who were caught for “failure to file”, and this is how the IRS handled it in the cases I saw (at least this is how it appeared to me):
They required the individuals to produce all their bank statements and financial documents (Forms 1099, etc) from those years. They checked to make sure all accounts were included, and they checked all local financial institutions to see if any were missing. And remember, all bank deposits over $10,000 have to be reported to the Treasury Department, so that provides a trail, too. They contacted all known previous employers. Once they got all those documents together, the IRS agents would add up all of the deposits made during that year, from whatever source. That was then classified as “presumed income”. If there were discoverable W-2s, part of that presumed income would be classified as “employee income”. If there were no W-2s, everything would be classified as “self-employment income” (and therefore subject to self-employment tax as well as regular income tax). Those presumed income numbers were used by the IRS agents to prepare tentative tax returns for the individual. It then became the individual’s responsibility to challenge any of the presumed income. If the individual wanted to claim that a certain deposit was a “loan”, then they had to provide proof. If they wanted to claim that a certain deposit was just a “transfer”, then they had to prove that, too. Whatever the individual could not disprove was declared “income”.
On the deductions and expenses side, the IRS presumed that there were NONE. It was up to the individual to prove any deductions or expenses that they wanted to claim. If the individual couldn’t come up with any proof, NO deductions were allowed.
The IRS is aware, of course that a lot of income is “under the table” and some individuals operate with cash only. So they do reasonableness tests. They look at the assets that the individual had during that time period (houses, cars, etc). Was it reasonable for the individual to have purchased those assets with the level of “presumed income” that the IRS had discovered? If not, then the IRS could add more “presumed income”. When it was over, BAM, here’s your bill, deadbeat. At least that’s how it happened here in Texas, “back in the day”.
Thanks Greenwood! That makes sense. Teresa has no legit W-2’s btw. Her Bravo income is on a 1099.
LOL “nuclear magnitude” Is exactly what this is!
I had a wave of anxiety just READING about all those years and years of tax filings – her head is going to implode so hard she might get a forehead.
”her head is going to implode so hard she might get a forehead.”
HOLY SHIT! 5 Tamara Tattles Tokens!
On Tue, Oct 14, 2014 at 9:29 PM, Tamara Tattles wrote:
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Psylocke, funny as hell. LMAO.
Greenwood, is that $10,000 in cash that has to be reported to the Treasury Department. Deposits over $10,000 are commonplace from customary sources, i.e., earnings/profits from business income, dividends, transfers, employee payroll deposits, etc.
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/FAQs-Regarding-Reporting-Cash-Payments-of-Over-10000-Form-8300
IRS watches your every move.
Hmm. scary, but they want us to be. Thanks for the info TT, I thought it was cash.
Teresa agreed to as part of her conditional release not to create any more credit accounts. Now her own attorneys are tattling on her. Tsk, tsk.
Psylocke-your forehead comment is priceless. Thanks for the laugh!
They would have been better off getting a short-term loan from Uncle Guido than incur the wrath of the judge. Was her lawyer that dumb or did these fools not listen to his advice?
Teresa is not suppose to take on any more debt. So friend or not the Court doesn’t want her borrowing money.
What I don’t understand is where did all her money go? Did she not make that much from her books, food line, Fabelini, Bravo and personal appearances? I mean we are talking years here. We know she doesn’t pay the banks loans, barely pays the attorneys, and gets clothes and stuff compensated. SO WHERE IS THE $? Maybe Tre should come live with me for awhile and learn to live like a poor person!!
12 years worth of taxes that we are reasonably certain that the Giudice’s lied on the first time through. You know that once they are done correctly (I hope the courts have someone who is going to look them over before they are submitted to the IRS). I can only imagine that after everything is done, they will owe a couple of hundred thousand to the IRS…
And then there are the fines for late filing, right?
Andy Cohen is a clever little she-devil, isn’t he? Grilling Teresa about why she didn’t pay the $200k pre-sentencing, when he knew all along that she was waiting for the interview/reunion money to pay it. He sets them up, and they just keep digging that hole.
And for some reason when I was watching that I BELIEVED Tre when she said she always paid her taxes and my memory let me believe it was just JOE who was in arrears. This makes that comment Andy said about the fact he pays taxes on the suits he is given for promotion even more cunty. I need to watch that part again!
On Tue, Oct 14, 2014 at 7:56 PM, Tamara Tattles wrote:
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Tre said she always filed her taxes Nothing about paying them. Also she shut Joe down when he tried to say that vat did not cost that much along with him saying it’s almost empty.
I thought Andy was so shady when he said that about payong the taxes on hus suit. I knew there was more to it. He knows how un-intellectual treia yet he went for the jugular
I imagine Teresa thinks that if her employer withholds anything for Federal taxes that she’s “paid her taxes”. Lol. I know it seems that they can’t possibly be as dumb as they act, but I think they are even more so.
If they are actually taking something out for taxes, then at least some of it would be paid. I doubt any taxes were removed.
Great job!
Andy pays tax on his suits because all gifts over a certain amount must be reported and taxes paid to the IRS.
Also, how did Teresa not pay taxes on the $150,000 that she handed over to the court?The amount would be considerably lower if it were taxed last week. Her Bravo payment would have been taxed before she got the check, and if not, as salary for 2014, won’t she have to pay taxes on that amount?
Last, WHO in their right mind would loan her $50,000 with no hope of re payment?
Teresa doesn’t get a W-2 from Bravo she gets a 1099 which means she ha to make her own tax payments quarterly.
On Wed, Oct 15, 2014 at 12:32 PM, Tamara Tattles wrote:
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I disagree. It’s not Bravo’s responsibility to pay Teresa and Joe’s restitution. If they withheld money for the post-sentencing interview and/or reunion, that was smart – otherwise, Teresa would likely be a no-show.
“Last, WHO in their right mind would loan her $50,000 with no hope of re payment?”
Maple – I’m guessing that the donor doesn’t expect to ever see the money again, and they can afford it. JMO
Teresa is lucky. Her plea deal could have been revoked and she could have spent a long time in college despite her PHD. (Piled High in Debt)
Much satisfaction to know she has finally paid something! How it must kill her to think of all that money slipping thru her fingers. May she know that feeling time and time again in the future.
And she gets to pay taxes on her “advance”. The hole gets deeper.
Do you know whether or not, if the person who loaned Tre the money paid the court directly, it could be tax-free?
Great Explanation! I have a headache just thinking of how one pieces together tax return documentation from so many years ago. Who keeps documentation that long? And in regard to the $150,000 final Bravo check paid to Teresa which went directly to the courts – here is the kicker. Next year Bravo will send a 1099 to the IRS for the $150,000 and Teresa will be responsible to pay taxes on that amount!
Maybe that special friend that loaned her 50,000 that they’ll NEVER see again is none other than Andrew?!
….HAHAHAHAHAH only if it came with an extra barbed collar and leash to tug her around even more.
But damn this really makes me think how Nene even dares to say she was paid over 1.5 million when Teresa, with a nationally sensationalized court debacle going on, was paid a FRACTION of the amount for a one of a kind situation …like holy shit, she truly is shameless. How would that not embarrass the fuck out of you knowing there’s dozens of people out there, including your boss, and his handlers, that know you’re STRAIGHT UP lying?
Nice reporting T!
Can someone please explain to me this tank of wine they were talking about?
At the time it just seemed like such a stupid comment to make – Andy’s “um, okay” face pretty much matched mine – but why did she backtrack on it? How does it fit into the shadiness? Is it really just Joe’s personal wine supply?
It’s a huge tank of wine sent from Italy from which the Fabellini bottles are filled. Not really part of shadiness if they paid the proper customs etc.
The Fabellini imported from Italy is already bottled, not a bulk tanker. This is from the Fabellini Facebook page: “Our Fabellini is all new, Produced, bottled and Imported from Modena Italy. “. Therefore the “container” mentioned on WWHL is a shipping container, either 20′ or 40′, typically sent by boat.
My understanding, and I believe they said it on WWHL is that they initially bottled in Italy and then shipped but it was lest expense to send over in the large tank and bottle here. They also said that the tank was getting low and is almost empty.
On Wed, Oct 15, 2014 at 2:41 PM, Tamara Tattles wrote:
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Ok I have a couple of questions!
(I’m still on the pain meds so I’m gonna try to have this make sense)
The $400,000 that needs to be satisfied was partially paid with the $200,000 payment. And unless I am reading it wrong Teresa is the one who solely paid it.
is this a debt both of them have to satisfy or is this only on Teresa? And Joe has a separate one? I’m just confused because it seems like everytime it’s brouht up the only name that is mentioned is Teresa’s.
Last question, if their fines/debts are separate, could Teresa pay Joes? Or is that not allowed?
Oh shoot, one last question for real this time! The 50,000 “loan” from the friend, can the court demand proof of where the money came from?
Melissa, I can’t interpret for you just because I like you and you are on drugs. Wait until you are off and read again.
Sorry I was tryin so hard… I’m gonna go to sleep now…
I hope you feel much better, Melissa!
OMG TT!!!!!!! Very impressive!!!!!! I knew there was a story about the $200k!
Whew my head is spinning. Gonna need a lil time to digest this scrumptious tea!!!!!!
TT you really are the best!!!!!!! ♡
Teresa must be exhausted trying to keep up the charade, just let the truth out!!!! I almost felt sorry for her for a minute, not. Impossible to refile back taxes for that many years and I am sure they cannot afford a good accountant.
No idea why I ever even glance at other websites with the incorrect tea, I wonder if they even care about spreading misinformation.
Thanks for giving us the real tea, makes sense.
Do you think the Guidice’s had great attorney’s.
Oh they have an accountant-it was his fault the financials were not done correctly. Yet another handsome expense for the Giudices.
Beth, in this case sites are quoting an “legit” NEWS SOURCE. In this country we are conditioned to believe that what we see and hear on the news is true. It’s only after I started blogging I realized how untrue that is.
PSA: You should read international news from the perspective of their local news sites and find the truth in the middle.
On Tue, Oct 14, 2014 at 10:22 PM, Tamara Tattles wrote:
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Most exasperating woman on this planet !!! As soon as I think I’ve taken in and adjusted to whatever her latest madness is, something else new just comes up. It’s like layers and layers and layers of craziness being unfolded with no end. I must be mad to follow ANYTHING to do about Teresa Giudice !!!
That is our Andy. Dont ever say that his staged, spliced & diced edited, bringing back Jac & Kathy to eat cannollis long after the season has been filmed housewives show isnt real. What??! Oh, no. You dont mess with the Godfather of the housewives. Scarier than V. Gotti!!
So the $150,000 is part of the salary she made? or the total paid for the entire season? That’s not a bad salary!
The $150K is for her reunion and the WWHL. The reunion show is her per episode salary times the number of reunion shows. We don’t know how many of those there are. The Housewives like to pretend they make way more than they do.
On Tue, Oct 14, 2014 at 10:50 PM, Tamara Tattles wrote:
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What idiot loaned her 50k? Or is that money she hid?
B.
On Wed, Oct 15, 2014 at 12:09 AM, Tamara Tattles wrote:
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I wonder if she will have to provide proof of where the 50,000. Can the IRS demand proof?
Why would the IRS care where she got the money from? They just want their money.
On Wed, Oct 15, 2014 at 12:30 PM, Tamara Tattles wrote:
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To see if they are hiding money. That’s what I was thinking about. I know the IRS just wants their money. But considering they are in this mess lying about money issues, maybe they would want to see if they do have money. That’s all.
Do you think how this was set up is related to the almost last minute cancellation for the previously scheduled WWHL appearance?
Possibly. But most likely, they knew she would flake if sentenced and if they were even asked for an advance refused. I now TOTALLY believe TMZ’s story about her being four hours late despite Andy claiming otherwise.
On Wed, Oct 15, 2014 at 12:27 AM, Tamara Tattles wrote:
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Gosh. Not condoning what they did, just sorry for their children. And sorry for them–they seem to be so loving to their kids–and to be separated from them. Whatever fleeting pleasure they gained from their financial chess play, they are about to pay for in a way no parent can imagine.
good.
On Wed, Oct 15, 2014 at 12:38 AM, Tamara Tattles wrote:
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Well, TT you were very right! My questions last night made NO sense. So before I take my meds I’m gonna try it again
Both Tre and Joe are jointly and separately responsible for the loans. And the nonsense flying around about Joe and Teresa separating the finances is incorrect. I made an entire post about that.
On Wed, Oct 15, 2014 at 9:49 AM, Tamara Tattles wrote:
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What about the fines associated with failing to file income taxes for years 2001-2008? Has the IRS agreed to waive? Based on what I have seen of Joe’s income during those years ( which may be complete fiction) the fines would be substantial. Maybe joe thought he could get away with not filing because he is not a citizen.
The IRS waives nothing. the $200K was a partial payment.
I should have added to my earlier post about the IRS collection agents in Texas that I observed: When they finished with the reconstructed returns from previous years, they added on Failure to File penalties for each year, as well as interest from the original due date of each return. The interest continues to accumulate until the debt is finally paid. Then, if they could not collect everything from the individual or work out a payment plan, they began forced collection steps. They contacted all the current employers that they could find and attached the individual’s wages. They even looked at all the individual’s pension accounts to possibly attach that money. Some types of pension accounts can be attached, but some are exempt from attachment.
There is also the matter of state income tax returns. Here in Texas, we don’t have that problem (no state income tax). But I think New Jersey does. So New Jersey, I think, would take those reconstructed federal returns and use them to create reconstructed state returns. Here you go, Joe. More tax due, more penalties, more interest. Have a nice day.
Yikes. They need to get with one of those companies that works with the IRS to come to a settlement agreement.
I had an issue with the IRS once. They claimed I did not pay taxes on a small inheritance. I had but just not on the year they wanted it. I was told to pay the taxes in the year the money was received. The IRS wanted it in the prior year when it was determined by the estate. I worked with a very nice (no really) lady who realized the mistake was a misunderstanding of the info the IRS received. It all went simply and without drama. I was really impressed as I expected months of headache.
On Wed, Oct 15, 2014 at 2:57 PM, Tamara Tattles wrote:
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Well, the IRS cannot collect anything from them if they do not have any income and after all their stuff is seized. They will have no assets to attach. They can bankrupt IRS debt as long as the debt is two years old. I don’t think they are prevented from ever filing bankruptcy again. They will truly be bankrupt and the IRS will deem the debt “noncollectable, which they do all the time. Bankruptcy will be the only way they can have a new start and wipe the slate clean. Every will have been taken from them at that point.
I had a nice experience with the IRS when one year I filed late and they assessed all their penalties–failure to file, failure to pay, interest. So I paid everything. The next year I was on the phone with an IRS agent with a question about the current years’ return and the agent very nicely told me that he would refund all the penalties and interest, etc. for the previous year I was accessed. It was a few thousand dollars and he then subtracted it from what I owed for my current year. Was I ever a happy camper. I never even asked anything or even thought I could do that. That was the nicest IRS agent ever. But I was never late again after that.
so, basically they have nothing….as my grandmother would say “not a pot to piss in”.
the devil went down to the Jersey Shore looking for a soul to steal…
currently they have like eleven pots to piss in. That’s the problem. 🙂
The $414,000 was only to Wells Fargo….they had their $13 million bankruptcy dismissed…they have to pay every creditor they had. It is amazing that she’s downsizing her home and looking at million dollar homes….how does that happen when you have $13 million in debt to repay? I can’t wait to see the new series…”The real Housewives of the Double-Wides”……
She can’t afford the house she was looking at. In fact, she will have trouble renting… that scene was just for show. Just like Nicole can’t afford the house she was looking at. 🙂
Bravo really made her look like a fool on that episode. Not that that’s hard to do.
My opinion? They dug a hole so deep, they’ll be eating cannoli’s with the devil. Unless they hid a boatload of cash, which I believe they did, there’s no shovel big enough to dig themselves out. IF they have money hid, they’d never give it up to pay back what they owe anyway. They were stupid to say they borrowed the 50k, why not say a family member gifted it?