Todd Chrisley's Son Chase Drops $16,000 To Settle Tax Debt
“Chrisley Knows Best” star Todd Chrisley’s son has dropped $16,000 to handle back taxes.
According to court documents obtained by The Blast, the IRS has released a Federal Tax Lien they filed against Chase Chrisley. The documents state Chase has paid off his 2014 tax bill, which totaled $16,886.64.
Earlier this year, the IRS slapped Chase with the lien demanding he pay up. The lien warned Chase if the bill isn’t paid in full immediately, the IRS would begin the process of seizing his property and assets.
The lien was under Chase’s name but listed back to a Roswell, Georgia home, which was owned by a company named Quagmire Holdings, which was run by a man named Peter Tarantino.
Tarantino was also a named defendant in Chase’s father Todd and mother Julie’s federal indictment, which accuses them of bank and wire fraud.
The indictment, filed in the Northern District of Georgia, charged Todd and Julie with 11 counts related to bank fraud and tax evasion.
Officials claim Todd and Julie set up a production company, called 7C's Productions, which served as a loan-out company for all the money earned through their popular reality show, "Chrisley Knows Best," which airs on the USA Network.
The documents claim millions of dollars were deposited into the production company account over the years, but the reality stars did not file tax returns in time for 2014, 2015 or 2016.
As part of their release from prison the judge ordered certain terms. Per the terms, Todd and Julie are barred from obtaining any new bank loans or getting extensions from the bank “without approval of probation officer”.
The judge also ordered they cannot change their address without permission from the court. Further, the order prohibits them from having any contact “with individuals identified by government as witnesses or victims, unless family or employment related.”
The couple were ordered to remain in Georgia and not travel without permission. They both had to surrender their passports in court.
