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Celebrity Cash: Erotic Lit Author in Hot Pursuit by Tax Officials

February 6, 2014 Wheaton No Comments

Roberts’s business was put on blast in a Maryland module designed to confuse a state’s tip taxation scofflaws.

“These are not people simply down on their fitness and incompetent to pay, though people and business owners who intentionally ride their noses during a immeasurable infancy of Maryland taxpayers who perform their authorised obligations to a state,” pronounced Maryland Comptroller Peter Franchot.

Court annals uncover Roberts, who writes underneath a pseudonym “Zane,” has had other income problems. Brown reports that 4 years ago a garnishment was placed on Roberts’s Upper Marlboro, Md., home, that she bought for some-more than $1 million. Roberts was means to equivocate foreclosure after descending 79 days behind on her debt payments.

Brown writes: “The real-life turn on Zane’s success has left some of her readers wondering how Roberts — a obvious businesswoman who is publisher of Strebor Books, an impress of Atria Books/Simon Schuster, and creator and writer of dual Cinemax radio series, “Zane’s Sex Chronicles” and “Zane’s The Jump Off” — could finish adult in a financial disaster estimable of a impression in one of her novels.”

We don’t know since Roberts has had difficulty profitable her taxation bills or her mortgage. She won’t talk, Brown reports. Perhaps she’s a bad income manager. Maybe she got bad financial and taxation advice. But here’s since Roberts story matters and since we should take note. Financial issues like hers play out for a lot of celebrities and other high-profile people who make good income though nonetheless finish adult in financial trouble.

In a recent mainstay about former Virginia administrator Robert F. McDonnell and his wife, Maureen, we wrote about a financial problems people face when perplexing to live above their means. The same thing we wrote about a McDonnells relates to Zane. Anyone can bungle his or her income during any income level. So we demeanour during these cases and check myself. we use it as a sign that it’s not how most income we make that matters though how we make do with what we have.

Color of Money Live Chat

Join me now during noon ET for a live online chat. we will accessible to answer your income questions. The national financial quick we was spearheading finished progressing this week. If we participated, we wish to hear from we during a chat. What changes will we make to keep a movement going?

Don’t Spend a Lot of Money on Your Honey

Alfred Edmond Jr., comparison clamp boss and editor-at-large of Black Enterprise, sums adult Valentine’s Day flattering well. It’s a holiday that “often leads to bad income decisions, since it encourages romantic spending, out of love, requirement and even guilt.”

Edmond gives some good advice and some tips on gripping your spending in check. Here are a few of my favorite quotes from him about avoiding overspending on Valentine’s Day in a name of love:

– “Being overly inexhaustible when income is parsimonious does zero good for a giver or a receiver.”

– “This is privately for a guys, repeat after me: No watchful to a final minute! Desperation or incentive spending scarcely always formula in spending some-more income than intended, or removing a reduction than ideal gift—or worse, both.”

– “Spending irresponsibly is no approach to say, ‘I adore you,’ even on Valentine’s Day. No one who unequivocally loves we would wish we to do it.”

Starter Savings Accounts: Obama’s ‘myRA’

In an bid to get some-more people to save for retirement, President Obama announced in his State of a Union residence that he was sanctioning a Treasury Department to come adult with a starter assets account, dubbed “myRA.”

The “myRA” will be set adult like a Roth IRA though is identical to a assets bond and, like assets bonds, will be corroborated by a U.S. government. People would minister after-tax dollars. It could take as small as $25 to open an account, and contributions could be as low as $5.

For final week’s Color of Money Question, we asked: “What do we consider of a new ‘myRA’ starter retirement account?”

Here’s what some of we had to say:

On Facebook, Pamela Spruell of Washington wrote: “I still trust that some people can advantage from going this route.”

Joyce Eberhardt of Richmond loves a idea. She wrote: “I am a divorced mom of dual high propagandize children. we was laid off from my pursuit in Dec. 2012, stagnation has finished and all assets including retirement assets are tighten to gone. When we start work again I’ll be approach behind a 8 round so to pronounce when it comes to saving for retirement. It would be good to know that something like myRA would be accessible to assistance me strech my retirement goals.”

“I consider it’s good that a President has instituted this new saving plan!” pronounced Cyndi Scheib of Wheaton, Ill. “I would like to see about starting accounts for my nephews and nieces to put them on a trail of saving. we trust that many of a mercantile problems center category Americans have now is due to not meditative about saving.”

Mike Barton of Westfield, N.Y., had a opposite take: “The myRA is going to compensate about 1.5 percent interest. That won’t even keep adult with a acceleration rate any year. That equals a detriment of purchasing energy for those who save. This myRA looks like a improved understanding for a Treasury Department than it does for a paycheck to paycheck people.”

Tia Lewis contributed to this report.

Readers might write to Michelle Singletary during The Washington Post, 1150 15th St. NW, Washington, D.C., 20071, or [email protected]. Personal responses might not be possible, and comments or questions might be used in a destiny column, with a writer’s name, unless differently requested. To review prior Color of Money columns, go to http://www.washingtonpost.com/pb/michelle-singletary

Article source: http://www.washingtonpost.com/business/economy/celebrity-cash-erotic-lit-author-in-hot-pursuit-by-tax-officials/2014/02/06/a4504d4e-8eab-11e3-84e1-27626c5ef5fb_story.html

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