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Don’t Mess With The IRS

February 15, 2019

New York art dealer Mary Boone was sentenced to 2 1/2 years in prison for filing false tax returns.  According to The NY Times article, “…Ms. Boone had reported false business losses, used business funds to pay for more than $1.6 million in personal expenses, like renovations to her home, and then falsely claimed those personal expenses as business deductions.”

Here is an earlier post we made on this matter:

Gotta Love Creative Accounting … Except When You Get Caught

Back in 2016, Ms. Boone was embroiled in another legal matter with Alec Baldwin over a Ross Bleckner painting:

Mary Boone Accuses Alec Baldwin of Dodging Tax In Bleckner Art Purchase

It will be interesting to see what happens to her gallery and the artists she represents, once she is in jail.

Source: The Art Dealer Mary Boone Is Sentenced to Prison for Tax Fraud – The New York Times