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:

    I have no doubt that it was a principle they fought for, as much as our ancestors, and not to avoid a three-penny tax on their tea; and the results of this battle will be as important and memorable to those whom it concerns as those of the battle of Bunker Hill, at least.
    Henry David Thoreau (1817–1862)

    The question of place and climate is most closely related to the question of nutrition. Nobody is free to live everywhere; and whoever has to solve great problems that challenge all his strength actually has a very restricted choice in this matter. The influence of climate on our metabolism, its retardation, its acceleration, goes so far that a mistaken choice of place and climate can not only estrange a man from his task but can actually keep it from him: he never gets to see it.
    Friedrich Nietzsche (1844–1900)