W. V. Grant - Tax Problems

Tax Problems

In 1996, an Internal Revenue Service investigation into Grant's ministry resulted in Grant's imprisonment for tax evasion. He was found guilty of failing to report $375,000 in taxable income in the purchase of two homes, including his $1 million residence. An undercover video tape was alleged to show Grant admitting that he used $100,000 in 1988 from church members as a down payment on a $1.2 million home overlooking a Desoto, Texas, country club and not reporting it as income. Judge Joe Kendall criticized Grant for attempting to withdraw his plea, asking Grant, "Did you watch the same videotape I watched?" He continued, "He's all over it admitting he's guilty. He swore to God under oath he is guilty". The judge sentenced Grant to 16 months in prison and a $30,000 fine, to be paid after his release, when he would also serve an additional year of probation. Kendall also ordered Grant to "perform 100 hours of community service, publish details of his arrest and sentence for everyone on his mailing list and provide complete, continuing financial reports to the court."

His wife was indicted on charges of blocking the IRS and evading taxes. Though she initially pleaded guilty, the judge allowed her to withdraw the plea and she was later acquitted. Following the conviction, Grant transferred the Eagles Nest Cathedral facility to T. D. Jakes, also a televangelist, who renamed it "The Potter's House".

Read more about this topic:  W. V. Grant

Famous quotes containing the words tax and/or problems:

    Rumble thy bellyful! Spit, fire! Spout, rain!
    Nor rain, wind, thunder, fire are my daughters.
    I tax you not, you elements, with unkindness;
    I never gave you kingdom, called you children.
    William Shakespeare (1564–1616)

    It’s so easy during those first few months to think that the problems will never end. You feel as if your son will never sleep through the night, will always spit up food after eating, and will never learn to smile—even though you don’t know any adults or even older children who still act this way.
    Lawrence Kutner (20th century)