My husband and I are college students and have 2 young ones and we live off of 2500 a month. We have normal bills and pay our credit cards regularly. Our babies have college funds as well! THEY HAVE NO EXCUSE!
Cate would have to commit to studying and homework to get a college degree. So, that’ll never happen. Tyler has no plans of furthering his education either. They forgot all about that once the big $$ started pouring in! Tyler is so much like Butch (personality). He’s all brag, all the time. His girls may have money for school right now..but once a Teen Mom OG is over, that’ll change real fast!
They'll end up making arrangements with the IRS for payments. Truth be told, someone who makes that amount should have an accountant. This is what happens when young people start making money and don't know how to manage it.
I was guilting myself over a $900 credit card balance I have. This made me feel better. What were they thinking!!!!!!!!! They will have nothing when this is over. Neither really have a work ethic.
Tyler was going to college and kept changing his major every other episode. Cate was way to busy doing nothing buying mini pigs, horses to ignore, "rehab" or what I call vacations to get away from her daughter. So then Tyler got into the roll of mister mom and said f school I make more money cleaning up after Cate.
Perhaps part of it was paying for Butch's rehab and Kate's 2 Rehab stints as well as all of the flights to and from those places and hotel stays involved. Tyler likes to act like he is more responsible than others, but he is also barely educated. They should have hired an accountant.
Young people (and a lot of older people) have no idea how to manage taxes when they are considered self employed. They have no idea the scope of what they owe to the government once they get their paycheck. If they were smart enough to get an accountant, that accountant may not have been knowledgeable enough to manage it either. I feel that TV networks need to set the younger people up for success by offering a good accountant and financial adviser as part of their contract that continues throughout the show. The contract is not being negotiated on equal sides - major corporation vs inexperienced young adults.
I agree with you. I think that MTV should have help set these guys up with a Life Coach or something to help guide them if MTV was going to continue to film. That is the least they could do. Yes, it is/was the responsibility of these teens themselves....but I feel that a lot of them have lacked guidance early on and really could have used the help.
They have been on air for 10 years, how is it they paid their taxes the previous years and then all of a sudden 3 years ago they stopped. Something doesn't seem right. If you would have said for the last 10 years they haven't paid that would make sense in a very sad and stupid kind of way.
They actually had to pay something like $36K in back taxes a few years ago. So it seems like they let it rack up a little bit and then pay it off. So they may have it in cash in some account somewhere.
What confuses me are the trust funds. If it were me, I’d need an accountant or a financial advisor to help me set that up. So it seems strange to me that they would have enough ‘good’ advice to set up trust fund, but taxes never came up. Idk, maybe I’m wrong, but seems weird to me.
If they didn't file they probably just put in a high estimate for what they owe they probably don't really owe that much. They definitely need a tax attorney.
Think though, they havent had a single dollar taxed for the year or years. I get sick looking at my gross pay compared to what I actually get. They pocketed everything
So they paid their taxes for every other year except 18 & 19??? I can’t be mad at Tyler though. He has to do so much it was only a matter of time before things fell through
I kept telling people they owe so much money!!! Ugh! Why dont people listen to me! Tyler didnt pay for his building licenses when they were fixing up their current house.
Not surprised. Just like how most lottery winners go into bankruptcy. You give a lot of money to people who have zero financial sense, of course they’re going to lose it all.
How can they owe that much back taxes for only 3 yrs? Even if they made the max per episode, $500,000 in back taxes would be more believable but not 800,000+. I wonder if that includes late payment penalties. I wouldn't be surprised if their accountant(s) got them in trouble. I know Cate and Tyler have their issues, but I still like them, and hope they'll be able to dig themselves out of this financial mess.
Can I just tell you, I love when you put your hair behind your ear, it looks beautiful!! Love the cut, tuck it behind your ear, so stylish!💕. Love your channel, keep up the good work!
As someone who has gotten behind on taxes, I feel for them. You have to document hardcore and get a good accountant when you're dealing with cash flow into the 6 figures. What has me perplexed is where the gross profits are going 🤔. When I got into trouble I had employees...some of whom were robbing us blind...and if that weren't enough, a massive fire burned up most of my documentation in 2017. Good news is that they work with you, but you have to be in good communication with the IRS. They'll get a good lawyer, there are firms that specialize...they'll do an offer in compromise or something. They'll be fine.
I don’t believe even bad accountants are this bad. It’s a mix of (in my opinion) willful stupidity & spending on ridiculous things. It likely doesn’t help that the penalties/interest have also added up significantly over several years.
I don't know how many people I know that lose their businesses because of failure to pay taxes. I am always surprised. I am not surprised at catelyn and Tyler. They have no clue.
Go figure. 🙄 Greed at its finest. Literally, this show needs to go! It’s boring and everyone on the show needs therapy and is fighting mental illness. It’s terrible.
I hope they invested some money or they will be homeless. Taxes should be paid up front especially if your show (and 💸paycheck) might be CANCELLED. I wonder if their kids clothing line does well? I never hear anything about it.
It's easier to get caught in tax debt... I cannot imagine paying this tax debt without an offer in compromise. Based on the show its over spending. Didn't one episode Kaitlyn wanted to buy a mini pony? Luckily it seems all these teen mom kids have trust funds for college expenses. David Ramsey needs to have these kids on his show.
IRS ALWAYS ALWAYS ALWAYS estimates what they believe you owe --- they did the same thing with my uncle when he didn't file for 3 years -- said he owed over $100,000 for the 3 years when he was only making 27K a year ---- once he actually filed his taxes, IRS found that they owed HIM money even after fines! THIS IS COMPLETE BS -- This is an IRS ESTIMATE!
My dad proved it's not what you make it's what you do with it. He went to work in 6th grade supported his parents brother niece and put his sister through college. The doctor I worked for asked for a loan. The first thing he did was pay his bills. Both these shows need to end.
I don’t understand people who don’t just do their taxes. It’s funny though cuz on tonight’s episode Tyler’s friend mentioned that she’s useful to society because she pays her taxes.. 😂 Mackenzie is better off than them all! Don’t know what you’re talking about
I think many of these reality stars just don't know how to budget. MtV made them celebrities at a young age. Now 10 years later they have much more money and don't budget and prioritize. They need real jobs.
This is a product of being way to young and being given loads of money. Im pretty sure Butch and April didnt care to parent them and teach them about taxes.
It’s all of the above-bad people at least “yes men” who do what they want, poor or no accountant, bad spending 🐴 habits...they can get out of this what I mean is the IRS will work with them but they sure as hell cannot ignore it!
I wonder if they were swindled by an accountant or something. I could see them using some friend of the family to do their taxes and then getting into this predicament. They were paying taxes all the other years, so I wonder what happened three years ago to change that? That leads me to believe they got bad advice or something like that.
If joe guidice did fraud and tax evasion what happens to them like you said Mike too. Soooooo not fair. I am a 1099 and no I don’t make that much but Jesus she’s always doing her hair and his new homes . What the heck !!!!! I think they need to be made examples too.
Hi Katie Joy! I was about halfway through the video about what happened recently with your flag/neighbor (and was really enjoying it!) and when I went back to finish it, it disappeared :( Is this any chance you will make this available again? I would love to finish it! Thank you so much for all of your content, love everything about you!
I think its very sad. They were raised quite poor and did not learn proper money management skills. They were and still are very young. They had no one to roll model for them. I dont want to say hurtful things towards them. I really believe no adults have had their intrests in mind.
I think it comes down to entitlement. MTV let’s them all get away with whatever they want (just look at Amber the basher), I truly believe they just don’t really think they will have to deal with it as everyone else does!!
I agree, if u have it, u will pay it. Why put it off and pay more eventually in penalties and interest? They spent it all on houses, horses, and treatment centers! Smdh
They are immature. Katie, you touched on that in a recent video that Teen Mom starts have not had the chance to grow and mature. They do not know how to handle their large amounts of money, and are making choices a 16 year old might make.
Most likely a combination of all the above. We know they make bad decisions. We know they spend recklessly (not only animals they can't or don't care for, i.e. horse and pig, but also designer bags, watches, clothes, shoes, jewelry, tattoos, ECT.) We know they have people in their lives that don't have Kate and Ty's best interest in mind. That being said, I was an independent contractor and it's easy to get away from you. Especially when you include all the above.
This is just being stupid. They better start selling their horses and any other random animals that Kate brought home.
hahahahehaha good one hahahehaha
Yeah, stupid people win stupid prizes.
The fans of teen mom grew up..
The teen moms never did...
hahahehaha
so true
I feel like Maci and Chelsea are the only ones that did.
Tammy Allen mm
Well said
My husband and I are college students and have 2 young ones and we live off of 2500 a month. We have normal bills and pay our credit cards regularly. Our babies have college funds as well! THEY HAVE NO EXCUSE!
Remember when they vowed to get college educated and make Carly proud?
Cate would have to commit to studying and homework to get a college degree. So, that’ll never happen. Tyler has no plans of furthering his education either. They forgot all about that once the big $$ started pouring in! Tyler is so much like Butch (personality). He’s all brag, all the time. His girls may have money for school right now..but once a Teen Mom OG is over, that’ll change real fast!
@@gratefulmomma4207 hahaheha haha hahaha
@apple go YES!!!
Pepperidge Farm does.
I just don't get how someone with so much money can try to skip paying taxes! Don't they realize the tax people will come for them?
Tammy Allen I know! The irs is the scariest!
@@TheCallie1981 YES!!!
Tammy Allen It’s called “Greed”. Very sad.
That’s what rich people do. You pay taxes and they don’t. You think Jeff Bezos pays his fair share for Amazon?
Wesley snipes
They'll end up making arrangements with the IRS for payments. Truth be told, someone who makes that amount should have an accountant. This is what happens when young people start making money and don't know how to manage it.
I was guilting myself over a $900 credit card balance I have. This made me feel better. What were they thinking!!!!!!!!! They will have nothing when this is over. Neither really have a work ethic.
Pay your taxes like the rest of us shmucks 👍🏼
They are going to end up in prison like The Guidices (bravo) & Mike the Situation (Jersey Shore / MTV) they are cracking down on these reality shows.
They should!!! They need to be treated like everyone else!!!
These people need to see they’re not above the law just because they’re on a tv show!
They will be living with his mother once the show is canceled and be broke.
There are SO many snarky things I wanna say about this, buuuut.... Nope! Not my circus. Not my debt. Hahaha!
AGREE!!!
Tyler was going to college and kept changing his major every other episode. Cate was way to busy doing nothing buying mini pigs, horses to ignore, "rehab" or what I call vacations to get away from her daughter. So then Tyler got into the roll of mister mom and said f school I make more money cleaning up after Cate.
That is Exactally how it happened!!!
Lol
Perhaps part of it was paying for Butch's rehab and Kate's 2 Rehab stints as well as all of the flights to and from those places and hotel stays involved. Tyler likes to act like he is more responsible than others, but he is also barely educated. They should have hired an accountant.
Young people (and a lot of older people) have no idea how to manage taxes when they are considered self employed. They have no idea the scope of what they owe to the government once they get their paycheck. If they were smart enough to get an accountant, that accountant may not have been knowledgeable enough to manage it either. I feel that TV networks need to set the younger people up for success by offering a good accountant and financial adviser as part of their contract that continues throughout the show. The contract is not being negotiated on equal sides - major corporation vs inexperienced young adults.
I agree with you. I think that MTV should have help set these guys up with a Life Coach or something to help guide them if MTV was going to continue to film. That is the least they could do. Yes, it is/was the responsibility of these teens themselves....but I feel that a lot of them have lacked guidance early on and really could have used the help.
I agree and pretty much wrote the same. I can not in good concious bad mouth them.
Ehhh it's not young people. It's DUMB people in general.
Cates sitting at the table, looking at & chewing her fingers...lol! It’s so much easier and affordable to just pay ur taxes!
They have been on air for 10 years, how is it they paid their taxes the previous years and then all of a sudden 3 years ago they stopped. Something doesn't seem right.
If you would have said for the last 10 years they haven't paid that would make sense in a very sad and stupid kind of way.
Exactly!! I think that whoever was doing their taxes dropped the ball on them and did them wrong tbh.
@@Ladie_Paige that happens quite often
They actually had to pay something like $36K in back taxes a few years ago. So it seems like they let it rack up a little bit and then pay it off. So they may have it in cash in some account somewhere.
What confuses me are the trust funds. If it were me, I’d need an accountant or a financial advisor to help me set that up. So it seems strange to me that they would have enough ‘good’ advice to set up trust fund, but taxes never came up. Idk, maybe I’m wrong, but seems weird to me.
If they didn't file they probably just put in a high estimate for what they owe they probably don't really owe that much. They definitely need a tax attorney.
They could go to jail for this. I blame MTV for keeping them dependent.
My mom owed 8000 now it's up to almost 50,000 with interest and penalties
WOW!!!
First thing that the state will take would be that nice round house that probably cost more then what they owed in taxed
That seems like a lot even for 3 years. They should hire a new accountant
Think though, they havent had a single dollar taxed for the year or years. I get sick looking at my gross pay compared to what I actually get. They pocketed everything
So they paid their taxes for every other year except 18 & 19??? I can’t be mad at Tyler though. He has to do so much it was only a matter of time before things fell through
I kept telling people they owe so much money!!! Ugh! Why dont people listen to me! Tyler didnt pay for his building licenses when they were fixing up their current house.
I never heard that - but I'm always all ears
@@WithoutACrystalBall sorry added some to my comment. Tyler didnt pay for his building licenses when building/fixing his current house
wow
That's the same thing that happens to lottery winners all the time very few have anything to show for it
Why didn't Caitlynn and Tyler hire an accountant
Not surprised. Just like how most lottery winners go into bankruptcy. You give a lot of money to people who have zero financial sense, of course they’re going to lose it all.
OMG...I literally can't even wrap my head around that tax debt 😳🤨😳
How can they owe that much back taxes for only 3 yrs? Even if they made the max per episode, $500,000 in back taxes would be more believable but not 800,000+. I wonder if that includes late payment penalties. I wouldn't be surprised if their accountant(s) got them in trouble. I know Cate and Tyler have their issues, but I still like them, and hope they'll be able to dig themselves out of this financial mess.
The kids can't be set if they inherit their debt..
I'm pretty sure if you don't pay your taxes you can't re-register your vehicles
Can I just tell you, I love when you put your hair behind your ear, it looks beautiful!! Love the cut, tuck it behind your ear, so stylish!💕. Love your channel, keep up the good work!
If they didn't file they probably don't actually owe that. Its estimated. But they need a tax attorney ASAP!! And wtf did they not file??? Gawwwddd
Wow! I’m not shocked by Cait but Tyler seemed so much more responsible then this.
As someone who has gotten behind on taxes, I feel for them. You have to document hardcore and get a good accountant when you're dealing with cash flow into the 6 figures. What has me perplexed is where the gross profits are going 🤔. When I got into trouble I had employees...some of whom were robbing us blind...and if that weren't enough, a massive fire burned up most of my documentation in 2017. Good news is that they work with you, but you have to be in good communication with the IRS.
They'll get a good lawyer, there are firms that specialize...they'll do an offer in compromise or something. They'll be fine.
KC P everyone is fending for themselves. Amber , jenelle , Kail, ect!!!!! New house horses traveling makeovers andcrehsbs surprise trips to Amber !!!
I don’t believe even bad accountants are this bad. It’s a mix of (in my opinion) willful stupidity & spending on ridiculous things. It likely doesn’t help that the penalties/interest have also added up significantly over several years.
I don't know how many people I know that lose their businesses because of failure to pay taxes. I am always surprised. I am not surprised at catelyn and Tyler. They have no clue.
Go figure. 🙄 Greed at its finest. Literally, this show needs to go! It’s boring and everyone on the show needs therapy and is fighting mental illness. It’s terrible.
I hope they invested some money or they will be homeless. Taxes should be paid up front especially if your show (and 💸paycheck) might be CANCELLED. I wonder if their kids clothing line does well? I never hear anything about it.
No wonder Tyler always looks so spacey. I bet he always has this stuff in the back of his mind when Cate wants to go everywhere n buy everything.
I nearly died and peed myself when you said “maci will complain about ryyyyn” don’t do that to a 🤰🏼 girl 😂
It's easier to get caught in tax debt... I cannot imagine paying this tax debt without an offer in compromise. Based on the show its over spending. Didn't one episode Kaitlyn wanted to buy a mini pony? Luckily it seems all these teen mom kids have trust funds for college expenses. David Ramsey needs to have these kids on his show.
IRS ALWAYS ALWAYS ALWAYS estimates what they believe you owe --- they did the same thing with my uncle when he didn't file for 3 years -- said he owed over $100,000 for the 3 years when he was only making 27K a year ---- once he actually filed his taxes, IRS found that they owed HIM money even after fines! THIS IS COMPLETE BS -- This is an IRS ESTIMATE!
What is it with som of these people who come into money? No one told you that taxes weren’t a thing
nobody should owe that much taxes f the gov
what's the reason STUPIDITY and Immaturity. They'll take everything from them even there cars clothes horses all of it.
How do u just literally not file ur taxes??
3 words: Daily Compounded Interest. Still like “teens” we’ve got it in the bank, let’s go spend spend spend.
My dad proved it's not what you make it's what you do with it. He went to work in 6th grade supported his parents brother niece and put his sister through college. The doctor I worked for asked for a loan. The first thing he did was pay his bills. Both these shows need to end.
I'm confused, what? Your fathers brothers niece?...... punctuation really helps.
I don’t understand people who don’t just do their taxes. It’s funny though cuz on tonight’s episode Tyler’s friend mentioned that she’s useful to society because she pays her taxes.. 😂
Mackenzie is better off than them all! Don’t know what you’re talking about
Makes me LOL the way you say Ryan’s name
If they have already paid a 1099, then they know they have to pay that every year. That’s honesty dumb on them.
Wow... Smh They might wanna get a payment plan going.. Like yesterday..
The IRS will take everything they have, unless they grow brains pdq which who knows.....
It probably bc Catelyn is lazy and Tyler may not know what's up yet
I can’t believe that MTV never got any of their reality stars financial planners especially when they were teenagers.
They going to jail.. I can't wait to hear her excuses.... SMDH
Sun UK. Really? Come on who believes anything from that source.?
omg thats like my worst fear come to life... except i've paid my taxes LOL
Good girl on paying taxes Mindy!!
These "teen mom" trash bags, are all sorts of fucked up. None of them turned out decent. None of them.
Karma.
Shocking to see how much they make if those are their liens!
The big watches, Cadillacs and houses purchased with money that should have paid taxes. Immature and inexperienced with life; raised by simpletons.
I think many of these reality stars just don't know how to budget. MtV made them celebrities at a young age. Now 10 years later they have much more money and don't budget and prioritize. They need real jobs.
These people need to get accountants. I know they probably don't want to spend the money, but an accountant would be cheaper than facing these fees.
Don't they have a financial adviser?
IRS is updating their system I bet they owe more than that!
This is a product of being way to young and being given loads of money. Im pretty sure Butch and April didnt care to parent them and teach them about taxes.
reminds me of athletes
Jeeez that’s sooo much money. How does that happen?! They could’ve literally went to H&R Block!!
Maybe they just didn’t know how. I dont see them just not paying taxes. I mean they make good money. Right!?
They have a children's clothing line
It’s all of the above-bad people at least “yes men” who do what they want, poor or no accountant, bad spending 🐴 habits...they can get out of this what I mean is the IRS will work with them but they sure as hell cannot ignore it!
I wonder if they were swindled by an accountant or something. I could see them using some friend of the family to do their taxes and then getting into this predicament. They were paying taxes all the other years, so I wonder what happened three years ago to change that? That leads me to believe they got bad advice or something like that.
A l Sharpton hasent paid taxes in years
The show is old and moldy. It's almost over for these girls and they will have the biggest rudest awakening once those MTV paychecks stop coming.
I think they trusted tax people and finally cusk advisors also tyler does buy and flip houses
If joe guidice did fraud and tax evasion what happens to them like you said Mike too. Soooooo not fair. I am a 1099 and no I don’t make that much but Jesus she’s always doing her hair and his new homes . What the heck !!!!! I think they need to be made examples too.
IRS will catch them can’t run 🏃
My bd has owed 60k+ since 08 ... the feds ain't gonna do jack
They are young and dumb they don't have their back .
Great job Katie
AGREE!!!
Hi Katie Joy! I was about halfway through the video about what happened recently with your flag/neighbor (and was really enjoying it!) and when I went back to finish it, it disappeared :( Is this any chance you will make this available again? I would love to finish it! Thank you so much for all of your content, love everything about you!
I think its very sad. They were raised quite poor and did not learn proper money management skills. They were and still are very young. They had no one to roll model for them. I dont want to say hurtful things towards them. I really believe no adults have had their intrests in mind.
$850K? Whattt? How much do they make FFS 🤷🏼♀️🤷🏼♀️
Wonder if they even got a stimulus check...
Just wow!!
I have said it all along it's stupid go to Jersey shore thr are old just Easter at j wowe home MTV pays great for nothing have a job.
The show will end and they will be broke. They are liers. They spend and spend. Not surprised at all.
Then you have to pay more money because they add on fines and what not
Uncle Sam will always know where you are. They sound like they just don't care. Jmo
I think it comes down to entitlement. MTV let’s them all get away with whatever they want (just look at Amber the basher), I truly believe they just don’t really think they will have to deal with it as everyone else does!!
I agree, if u have it, u will pay it. Why put it off and pay more eventually in penalties and interest? They spent it all on houses, horses, and treatment centers! Smdh
They are immature. Katie, you touched on that in a recent video that Teen Mom starts have not had the chance to grow and mature. They do not know how to handle their large amounts of money, and are making choices a 16 year old might make.
Yikes I would hate to be in their shoes. I'd be stressed af
Right? I am stressed af for them!
Cate has probably chewed her fingers off
You are mean - chyeene and Mackenzie are nice. The show is going to die out. Teen mom 2 has better ratings. Maybe they are in a payment plan.
Lol the way you said “ RYannnnnn” lol
WHY ARE YOU SOOO BOTHERED? ABSOLUTE FREAK
GIRLS MAKE MORE I DO IM GLAD IM WORKING DURING
So do they make that much for an episode r for the season? Do they make that much each?
Most likely a combination of all the above. We know they make bad decisions. We know they spend recklessly (not only animals they can't or don't care for, i.e. horse and pig, but also designer bags, watches, clothes, shoes, jewelry, tattoos, ECT.) We know they have people in their lives that don't have Kate and Ty's best interest in mind. That being said, I was an independent contractor and it's easy to get away from you. Especially when you include all the above.
To all the girls get a job