Former Trump Attorney Faces Tax Fraud Charges

Michael Cohen Settles With IRS Over $14 Million Tax Debt

Former Trump Attorney Faces Tax Fraud Charges

Cohen's Financial Troubles Mount Amidst Legal Battles

Michael Cohen, the former personal attorney and fixer for former President Donald Trump, has recently settled a substantial tax debt with the Internal Revenue Service (IRS). According to reports, Cohen agreed to pay $14 million to resolve unpaid taxes, penalties, and interest dating back to 2012.

Cohen's tax troubles stem from his business dealings, which included investments, real estate transactions, and consulting work. In recent years, he has faced numerous legal challenges, including charges of tax fraud, bank fraud, and campaign finance violations.

The latest revelation regarding Cohen's tax settlement adds to his already precarious financial situation. In 2018, he was sentenced to three years in prison for various crimes, including violating campaign finance laws by arranging payments to adult film star Stormy Daniels to silence her alleged affair with Trump. Cohen was disbarred and stripped of his law license.

Despite settling his tax debt with the IRS, Cohen still faces significant legal challenges. He is currently involved in a defamation lawsuit filed by Daniels, who claims that Cohen defamed her by denying her allegations of an affair with Trump after he initially admitted arranging the hush money payment.

Cohen's legal and financial woes serve as a cautionary tale about the consequences of unethical business practices and tax evasion. As he navigates through ongoing legal battles, the outcome of his cases will have a lasting impact on his future and set a precedent for others involved in similar controversies.