Wednesday, June 26, 2024

Peter Thomas Tax Trouble Details


This week The Real Housewives of Atlanta ex-husband Peter Thomas make a public apology for failing to pay withholding taxes on multiple businesses [click here if you missed that]. 

Details from Peter's tax trial show a bold and blatant disregard....

From WSBTV
Peter Thomas, the ex-husband of “Real Housewives of Atlanta” star Cynthia Bailey, has taken a plea deal after the IRS said he didn’t pay taxes on several nightclubs he owns in Charlotte, Miami, and Baltimore.
According to court documents, Thomas collected more than $640,000 in trust fund taxes from the wages of their employees between 2017-2022, but never turned it over to the IRS.
Records show Thomas did the same thing with his bars in Miami Beach and Baltimore, collecting $1.1 million between 2021-2023.
Thomas used the money for “withdrawals, travel, real estate purchases, and retail purchases,” court documents said.
Thomas faces up to five years in prison, a $250,000 fine and up to three years of supervised release over his issues with the IRS.
So far, no sentencing date has been scheduled.

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