Stormy Daniels’ Lawyer Owes $5 Million to IRS

Stormy Daniels Lawyer taxes

Remember the New York Times “bombshell” back in 2016, when they reported that in 1995 Trump declared a net $916 million loss on his investments? The Times titled their piece “Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found,” and tried to give the impression that Trump doesn’t pay taxes. Networks like CNN and MSNBC gave the story (with their spin) endless coverage.

While the Times made their report sound like an expose, it was simply pointing out that Trump used a tax law that literally every single businessperson, investor, and corporation ever has utilized.

If someone loses $1 million in one year on an investment and then gains $1 million on an investment the next year, how much income did they earn? If you answered “$0,” that’s the correct answer, and the IRS sees things the same way.

In that hypothetical, the IRS allows the investor to count the past $1 million loss against the future $1 million gain, to avoid paying taxes on simply breaking even. Common sense, right? So common that even Hillary Clinton’s tax returns show her doing the exact same thing!

It’s not like Trump was evading taxes, or being delinquent when it came time to pay them. The same cannot be said for Michael Avenatti, the lawyer representing Stormy Daniels, who owes $5 million to Uncle Sam.

According to Big League Politics:

Avenatti, has found his own fame working the left-wing media circuit, being hosted on CNN 59 times in less than two months. But while Avenatti has been trying to claim moral high ground over Trump, a few skeletons in his own closet have come to light.

As it turns out, Avenatti owes $5 million in back taxes!

Below is the proof:

And that’s not all:

Avenatti has come under fire for shady business dealings relating to a failing coffee chain his company purchased. After his investment firm bought Tully’s Coffee for $9.15 million, he has been named in over 50 state and federal complaints for a number of violations, including breach of lease actions and warrants for unpaid taxes.

A complaint filed with the California State Bar Association also states that Avenatti carried out an illegal “pump and dump” scheme using the firm that purchased the coffee chain. In that complaint, it also contends that Avenatti fleeced nearly $6 million in Federal and State tax withholdings from the paychecks of Tully’s employees, and fraudulently transferred $100,000 from the Tully’s operation to retain lawyers for an unrelated legal matter in California.

Think CNN will still give this guy endless airtime despite this? Let us know your thoughts in the comments section below. 

120 thoughts on “Stormy Daniels’ Lawyer Owes $5 Million to IRS”

  1. O, man what a blockbuster story. Im total flummoxed. Yes sir re! The real story is Where’s Trump Tax returns – he said they were under audit, and he would release them after the election. He hasn’t. O, yea – Avenatti Has Won $1 Billion in Judgments for Clients in High Profile Cases. Donald Trump has reneged on a pledge to release his tax returns after an IRS audit.

  2. Hell; Now I know who he is. Several years ago; I got a charge to my credit card from this company and a coffee maker and coffee arrived in the mail that I never ordered. The bank determined that I had indeed never authorized any such transaction and put the money back in my account. The same time I was signed up for AARP which was also a phony charge. Those were the only 2 banking problems I have EVER had. The funny thing about the retirement subscription; I was only in my mid forties!

  3. Hell; Now I know who he is. Several years ago; I got a charge to my credit card from this company and a coffee maker and coffee arrived in the mail that I never ordered. The bank determined that I had indeed never authorized any such transaction and put the money back in my account. The same time I was signed up for AARP which was also a phony charge. Those were the only 2 banking problems I have EVER had. The funny thing about the retirement subscription; I was only in my mid forties!

  4. How does this address the fact that President Trump cheated on his wife Melania when she was pregnant with their son? The Bible says that men who commit adultery with another man’s wife should be put to death, not elected President.

  5. First of all, Trump denies it happened! Jesdus said: “LET HE WHO IS WITHOUT SIN CAST THE FIRST STONE!” And excuse me Sir, BUT YOU HAVE ROCKS IN YOUR HEAD!

  6. How does this address the fact that President Trump cheated on his wife Melania when she was pregnant with their son? The Bible says that men who commit adultery with another man’s wife should be put to death, not elected President.

  7. How does this address the fact that President Trump cheated on his wife Melania when she was pregnant with their son? The Bible says that men who commit adultery with another man’s wife should be put to death, not elected President.

  8. How does this address the fact that President Trump cheated on his wife Melania when she was pregnant with their son? The Bible says that men who commit adultery with another man’s wife should be put to death, not elected President.

  9. Sorry, dudes. This debt is owed by a bankrupt business. Avenatti is simply the “tax matters partner” of the LLC. But the case is much more interesting than you might think. These are employment taxes owed by the entity that purchased the Tully’s Coffee chain out of Tully’s bankruptcy. His fellow member was actor Patrick Dempsey. Within days of the purchase’s closing, Dempsey sued Avenatti for fraud. Avenatti had procured a $2 million credit line for working capital and pledged all the business’ assets to secure it. Dempsey claimed that Avenatti was supposed to provide the working capital out of his own pocket. Eventually, the company filed for bankruptcy.

    There’s lots more interesting stuff about Avenatti. Go check out the linked blog post at Big League Politics linked above.

  10. Sorry, dudes. This debt is owed by a bankrupt business. Avenatti is simply the “tax matters partner” of the LLC. But the case is much more interesting than you might think. These are employment taxes owed by the entity that purchased the Tully’s Coffee chain out of Tully’s bankruptcy. His fellow member was actor Patrick Dempsey. Within days of the purchase’s closing, Dempsey sued Avenatti for fraud. Avenatti had procured a $2 million credit line for working capital and pledged all the business’ assets to secure it. Dempsey claimed that Avenatti was supposed to provide the working capital out of his own pocket. Eventually, the company filed for bankruptcy.

    There’s lots more interesting stuff about Avenatti. Go check out the linked blog post at Big League Politics linked above.

  11. Sorry, dudes. This debt is owed by a bankrupt business. Avenatti is simply the “tax matters partner” of the LLC. But the case is much more interesting than you might think. These are employment taxes owed by the entity that purchased the Tully’s Coffee chain out of Tully’s bankruptcy. His fellow member was actor Patrick Dempsey. Within days of the purchase’s closing, Dempsey sued Avenatti for fraud. Avenatti had procured a $2 million credit line for working capital and pledged all the business’ assets to secure it. Dempsey claimed that Avenatti was supposed to provide the working capital out of his own pocket. Eventually, the company filed for bankruptcy.

    There’s lots more interesting stuff about Avenatti. Go check out the linked blog post at Big League Politics linked above.

  12. hope they collect the appropriate TAXES on what both OWE whether earned or given irregardless of WHO is giving and also come out with a List/Names on who is Funding this CIRCUS x In the end – would like to see the Twosome in Action to see How good the Performance will be and this should go down as the EVENT of the Year

  13. hope they collect the appropriate TAXES on what both OWE whether earned or given irregardless of WHO is giving and also come out with a List/Names on who is Funding this CIRCUS x In the end – would like to see the Twosome in Action to see How good the Performance will be and this should go down as the EVENT of the Year

  14. hope they collect the appropriate TAXES on what both OWE whether earned or given irregardless of WHO is giving and also come out with a List/Names on who is Funding this CIRCUS x In the end – would like to see the Twosome in Action to see How good the Performance will be and this should go down as the EVENT of the Year

  15. hope they collect the appropriate TAXES on what both OWE whether earned or given irregardless of WHO is giving and also come out with a List/Names on who is Funding this CIRCUS x In the end – would like to see the Twosome in Action to see How good the Performance will be and this should go down as the EVENT of the Year

  16. well stormy is just after more money her history is not so good as well as her lawyers People are sick and tired of both of them The country has more things to pay attention to so fake news you only put out fake news and is why you have no worth

  17. well stormy is just after more money her history is not so good as well as her lawyers People are sick and tired of both of them The country has more things to pay attention to so fake news you only put out fake news and is why you have no worth

  18. well stormy is just after more money her history is not so good as well as her lawyers People are sick and tired of both of them The country has more things to pay attention to so fake news you only put out fake news and is why you have no worth

  19. well stormy is just after more money her history is not so good as well as her lawyers People are sick and tired of both of them The country has more things to pay attention to so fake news you only put out fake news and is why you have no worth

  20. I really want to know who is paying the freight for all of the Stormy Daniels lawsuits. There is no way Avenatti is doing it out of the “goodness” of his heart. Someone is funding this parade and it sure isn’t Stormy. There is no way she is making that much from her new found stripper career.

  21. Of course the LYING LEFT media will turn a blind eye to Avenatti’s fraudulent tax games, the same as they do to wrongdoing by ANY lying Leftist, because telling “the rest of the story” would WEAKEN their constant narrative about Stormy Daniels’ alleged “relationship” with Pres. Trump, which they harp on CONSTANTLY, even though it happened YEARS before he was President. They pretty much gave Bill Clinton a PASS for diddling interns IN THE OVAL OFFICE while he was President–but THIS is news? Please. This is why the LYING LEFT media has ZERO credibility as purveyors of actual news!

  22. Of course the LYING LEFT media will turn a blind eye to Avenatti’s fraudulent tax games, the same as they do to wrongdoing by ANY lying Leftist, because telling “the rest of the story” would WEAKEN their constant narrative about Stormy Daniels’ alleged “relationship” with Pres. Trump, which they harp on CONSTANTLY, even though it happened YEARS before he was President. They pretty much gave Bill Clinton a PASS for diddling interns IN THE OVAL OFFICE while he was President–but THIS is news? Please. This is why the LYING LEFT media has ZERO credibility as purveyors of actual news!

  23. The two Top Spokespersons for the DNC seem to have a symbiotic relationship that is centered around Pole Dancing . . . Stormy uses the classical method and her “attorney” may learn a new version when he bunks with Bubba in the slammer. :)

    Who knew the classical method of Pole Dancing was that lucrative? He would have everyone believe that Stormy “vomited up” the millions to hire his “services”.

  24. The two Top Spokespersons for the DNC seem to have a symbiotic relationship that is centered around Pole Dancing . . . Stormy uses the classical method and her “attorney” may learn a new version when he bunks with Bubba in the slammer. :)

    Who knew the classical method of Pole Dancing was that lucrative? He would have everyone believe that Stormy “vomited up” the millions to hire his “services”.

  25. Look Stormy Daniels is a washed up hooker/stripper trying to make a last ditch effort for some real money. Of course she has a shyster lawyer. He is the type that goes around screwing everyone else over – he will take 40-60% of whatever she gets and then write a book about it. Hell Hillary may want to hire him soon – just her type (if she can stand the competition).

  26. Look Stormy Daniels is a washed up hooker/stripper trying to make a last ditch effort for some real money. Of course she has a shyster lawyer. He is the type that goes around screwing everyone else over – he will take 40-60% of whatever she gets and then write a book about it. Hell Hillary may want to hire him soon – just her type (if she can stand the competition).

  27. you are right on on that statement. There is no way Trump should ever give out his tax statements as the media would contort them to make it look like he did all kinds of things wrong even though he did not. Any one that wants to see Trumps tax returns should first put theirs out to the publlic. Then maybe they would have a leg to stand on. !!!

  28. you are right on on that statement. There is no way Trump should ever give out his tax statements as the media would contort them to make it look like he did all kinds of things wrong even though he did not. Any one that wants to see Trumps tax returns should first put theirs out to the publlic. Then maybe they would have a leg to stand on. !!!

  29. Given the Leftist Loons’ eagerness to attack Pres. Trump on ANY front they could find, if he owed ten CENTS to the IRS, don’t you think they’d be blasting THAT over the airwaves 24/7? Get real. There is no THERE, there, when it comes to Pres. Trump’s tax returns. And given their tendencies to use ANY excuse to attack him, WHY would he want to give the LYING LEFT media free access to all his tax returns? You can be sure they’d lie their sorry BEHINDS off “spinning” any and everything in his tax returns to make it appear he did something wrong, whether he actually DID, or not.

  30. Given the Leftist Loons’ eagerness to attack Pres. Trump on ANY front they could find, if he owed ten CENTS to the IRS, don’t you think they’d be blasting THAT over the airwaves 24/7? Get real. There is no THERE, there, when it comes to Pres. Trump’s tax returns. And given their tendencies to use ANY excuse to attack him, WHY would he want to give the LYING LEFT media free access to all his tax returns? You can be sure they’d lie their sorry BEHINDS off “spinning” any and everything in his tax returns to make it appear he did something wrong, whether he actually DID, or not.

  31. Given the Leftist Loons’ eagerness to attack Pres. Trump on ANY front they could find, if he owed ten CENTS to the IRS, don’t you think they’d be blasting THAT over the airwaves 24/7? Get real. There is no THERE, there, when it comes to Pres. Trump’s tax returns. And given their tendencies to use ANY excuse to attack him, WHY would he want to give the LYING LEFT media free access to all his tax returns? You can be sure they’d lie their sorry BEHINDS off “spinning” any and everything in his tax returns to make it appear he did something wrong, whether he actually DID, or not.

  32. Why are people so worried about the President’s taxes? Do you seriously think that if he owed back taxes that wouldn’t be known by now? You know Lois Lerner would have leaked it a long time ago. Why don’t you focus on something where there is tangible evidence like the Obama administration’s lawlessness?

  33. Why are people so worried about the President’s taxes? Do you seriously think that if he owed back taxes that wouldn’t be known by now? You know Lois Lerner would have leaked it a long time ago. Why don’t you focus on something where there is tangible evidence like the Obama administration’s lawlessness?

  34. Why are people so worried about the President’s taxes? Do you seriously think that if he owed back taxes that wouldn’t be known by now? You know Lois Lerner would have leaked it a long time ago. Why don’t you focus on something where there is tangible evidence like the Obama administration’s lawlessness?

  35. O, man what a blockbuster story. Im total flummoxed. Yes sir re! The real story is Where’s Trump Tax returns – he said they were under audit, and he would release them after the election. He hasn’t. O, yea – Avenatti Has Won $1 Billion in Judgments for Clients in High Profile Cases. Donald Trump has reneged on a pledge to release his tax returns after an IRS audit.

  36. Hell; Now I know who he is. Several years ago; I got a charge to my credit card from this company and a coffee maker and coffee arrived in the mail that I never ordered. The bank determined that I had indeed never authorized any such transaction and put the money back in my account. The same time I was signed up for AARP which was also a phony charge. Those were the only 2 banking problems I have EVER had. The funny thing about the retirement subscription; I was only in my mid forties!

  37. How does this address the fact that President Trump cheated on his wife Melania when she was pregnant with their son? The Bible says that men who commit adultery with another man’s wife should be put to death, not elected President.

    1. First of all, Trump denies it happened! Jesdus said: “LET HE WHO IS WITHOUT SIN CAST THE FIRST STONE!” And excuse me Sir, BUT YOU HAVE ROCKS IN YOUR HEAD!

  38. Sorry, dudes. This debt is owed by a bankrupt business. Avenatti is simply the “tax matters partner” of the LLC. But the case is much more interesting than you might think. These are employment taxes owed by the entity that purchased the Tully’s Coffee chain out of Tully’s bankruptcy. His fellow member was actor Patrick Dempsey. Within days of the purchase’s closing, Dempsey sued Avenatti for fraud. Avenatti had procured a $2 million credit line for working capital and pledged all the business’ assets to secure it. Dempsey claimed that Avenatti was supposed to provide the working capital out of his own pocket. Eventually, the company filed for bankruptcy.

    There’s lots more interesting stuff about Avenatti. Go check out the linked blog post at Big League Politics linked above.

  39. hope they collect the appropriate TAXES on what both OWE whether earned or given irregardless of WHO is giving and also come out with a List/Names on who is Funding this CIRCUS x In the end – would like to see the Twosome in Action to see How good the Performance will be and this should go down as the EVENT of the Year

  40. well stormy is just after more money her history is not so good as well as her lawyers People are sick and tired of both of them The country has more things to pay attention to so fake news you only put out fake news and is why you have no worth

  41. I really want to know who is paying the freight for all of the Stormy Daniels lawsuits. There is no way Avenatti is doing it out of the “goodness” of his heart. Someone is funding this parade and it sure isn’t Stormy. There is no way she is making that much from her new found stripper career.

  42. Of course the LYING LEFT media will turn a blind eye to Avenatti’s fraudulent tax games, the same as they do to wrongdoing by ANY lying Leftist, because telling “the rest of the story” would WEAKEN their constant narrative about Stormy Daniels’ alleged “relationship” with Pres. Trump, which they harp on CONSTANTLY, even though it happened YEARS before he was President. They pretty much gave Bill Clinton a PASS for diddling interns IN THE OVAL OFFICE while he was President–but THIS is news? Please. This is why the LYING LEFT media has ZERO credibility as purveyors of actual news!

  43. Did anyone ever think this was a believable issue? This guy is in it for all he can get – and his “accomplice” is a street smart anti-woman!

  44. The two Top Spokespersons for the DNC seem to have a symbiotic relationship that is centered around Pole Dancing . . . Stormy uses the classical method and her “attorney” may learn a new version when he bunks with Bubba in the slammer. :)

    Who knew the classical method of Pole Dancing was that lucrative? He would have everyone believe that Stormy “vomited up” the millions to hire his “services”.

  45. Look Stormy Daniels is a washed up hooker/stripper trying to make a last ditch effort for some real money. Of course she has a shyster lawyer. He is the type that goes around screwing everyone else over – he will take 40-60% of whatever she gets and then write a book about it. Hell Hillary may want to hire him soon – just her type (if she can stand the competition).

    1. Why are people so worried about the President’s taxes? Do you seriously think that if he owed back taxes that wouldn’t be known by now? You know Lois Lerner would have leaked it a long time ago. Why don’t you focus on something where there is tangible evidence like the Obama administration’s lawlessness?

      1. Given the Leftist Loons’ eagerness to attack Pres. Trump on ANY front they could find, if he owed ten CENTS to the IRS, don’t you think they’d be blasting THAT over the airwaves 24/7? Get real. There is no THERE, there, when it comes to Pres. Trump’s tax returns. And given their tendencies to use ANY excuse to attack him, WHY would he want to give the LYING LEFT media free access to all his tax returns? You can be sure they’d lie their sorry BEHINDS off “spinning” any and everything in his tax returns to make it appear he did something wrong, whether he actually DID, or not.

        1. you are right on on that statement. There is no way Trump should ever give out his tax statements as the media would contort them to make it look like he did all kinds of things wrong even though he did not. Any one that wants to see Trumps tax returns should first put theirs out to the publlic. Then maybe they would have a leg to stand on. !!!

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