Tax Experts: State Settlement with Chrisleys ‘Not Uncommon’
This article originally ran on wsbtv.com and features Atlanta tax attorney Alyssa Whatley.
Updated:
The State of Georgia has come to a huge tax settlement with reality TV stars Todd and Julie Chrisley, with tax experts calling the significant decrease in money owed a part of commonly negotiated cases.
The Georgia Department of Revenue went after the Chrisleys for more than $2 million following a 2017 Channel 2 investigation centered around the couple’s claims that they were Florida residents, and did not owe Georgia income taxes for a span of several years.
In a closing agreement dated Sept. 27, the state ended up settling with the Chrisleys for about $147,000.
The couple had already started paying back the debt, and were given five days to settle the remaining debt.
Channel 2 investigative reporter Nicole Carr took the settlement agreement to Atlanta tax attorney Alyssa Maloof Whatley and Josh Simpson, a Woodstock-based CPA and owner of Simpson & Simpson Accounting.
“It’s not uncommon to see a huge liability go down once you’re filing the correct returns. In additions with refunds … In addition with abatements …” said Whatley. “This is a completely normal tax case.”
“It’s a mathematical equation to see how much they can afford to pay,” said Simpson, “And when the State of Georgia really needs money they’re obviously going take $100,000 now versus a thousand dollars over time.”
Alyssa Maloof Whaltey
My goal is to make the tax resolution process as easy and stress free as possible so you can get back to focusing on the things that bring you joy.
