Tax lessons from "Breaking Bad"

09/30/2013 | AICPA Insights

Paul, Cranston (Kevork Djansezian/Getty Images)

There are tax lessons that can be derived from TV series "Breaking Bad." No. 1: The Internal Revenue Service will go after undeclared income, even and especially if it is illegally earned. No. 2: Walter White will owe $20.4 million when tax authorities catch up to him, taking into account business expenses and state taxes, plus any penalty the IRS would add.

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