"Girls Gone Wild" Tax Indictment Teaches Us Not To Deduct Funny-Looking Numbers

Joe Francis, the quivering chumbucket behind the “Girls Gone Wild” franchise, got indicted Wednesday for tax evasion, as noted by commenter LAGirl. His story holds a lesson for all taxpayers: when claiming deductions, don’t use funny-looking numbers.

Numbers that set off a red flag for the IRS: round numbers, dollar amounts without decimals… and deductions consisting of the same number repeated over and over again.

Like Francis’ false insurance claim for $333,333.33.

He also claimed $500,000.00, and $1,666,666,67 deductions. Ask any accountant. Those are damn stupid numbers.

Look at a receipt in your wallet. Did that coffee cost $1.11? Or $1.00? It was probably more like $1.28.

The same goes for your deductions. Let’s face it, most of us don’t keep every receipt, but when you’re slightly fudging a number from memory, at least make it look right. — BEN POPKEN

Federal Tax Rap for “Girls Gone Wild” Boss [The Smoking Gun]