Tax lessons from "Breaking Bad"

09/30/2013 | AICPA Insights

There are tax lessons that can be derived from the TV series "Breaking Bad." One, the Internal Revenue Service will go after undeclared income, even and especially if it is illegally earned. Two, Walter White will owe a prodigious amount to the agency when it does catch up to him: $20.4 million, just taking into account normal business expenses and state taxes plus any penalties the IRS would add.

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