Twista - Tax Fraud - Financial Advisor Reacts

Financial Advisor Jayson Thornton, CFP -- REACTS -- to recording artist “Twista” pleads guilty to tax crimes. Carl Mitchell of Crete, Illinois, a musical artist known professionally as “Twista,” willfully failed to pay income tax for the years 2019 through 2023. During this time, Mitchell earned income from, among other things, performances, album sales, streaming, and royalties. Both the IRS and Mitchell’s accountants repeatedly informed him of his existing tax debts and obligation to pay them. Despite this advice, Mitchell refused to pay what he owed. Instead, Mitchell entered into agreements with a third-party company to pay him advances on future royalties, knowing that the IRS would not be able to levy these funds. Rather than paying the taxes he owed, Mitchell also made large purchases to support his lifestyle, including buying at least four luxury vehicles.