Monday, October 3, 2022

BLIND ITEM: Irreconcilable Finances

kevin - wendy split

*The following Blind Item comes from blogger and Hollywood insider Tamara Tattles. Please address all inquiries and complaints to the original source.

Irreconcilable Finances: This couple may cite irreconcilable differences on their divorce papers, but the most pressing issue may be the irreconcilable finances of their charitable organization. The sudden spurt of advertising for their charity is not random act of kindness. It is closely related to the recent decision by one spouse to finally pull the trigger on the divorce. Tamara Tattles exclusive sources claim that the IRS and the State Attorney General’s office are looking into the finances of the couple’s non-profit. The paper trail seems to indicate that money from their foundation has been used to finance the lifestyle of one or both of the spouses.

It’s one thing for the spouse to fund extracurricular activities with their spouse’s income. But, it is quite another to fund one’s lifestyle from the charitable organization. Federal tax law prohibits personal benefit to any party in control of a charity. So, to add to all the other drama in this sham of a marriage, the Feds are allegedly conducting an investigation. They now desperately need people in actual need services to seek their assistance. The Feds seems to be really focused on putting people with name recognition lately. Perhaps a certain west coast charity will be next on the list?

Disclaimer: Photos shown are for illustration purposes only and are not intended to identify individuals as the subject of this post. We take no responsibility or liability for the assumptions and speculations made by our readers.

 

Ny MaGee
Ny MaGee is an entertainment reporter with over 15 years of experience working in the film industry in areas including production and post-production, marketing, distribution, and acquisitions. She has worked for legendary film producer Roger Corman, Quentin Tarantino's production team at Miramax, the late Larry Flynt, MTV/ VH1, Hallmark Channel, Paramount, Jim Henson Co., Parade Magazine, and various LA-based companies representing above-the-line talent.

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