Taxes aren’t complicated. Trying to avoid them is complicated. But getting paid in cash because he thinks the IRS won’t figure it out is ignorant. The venues are expensing those concerts so the IRS knows about them.
Better yet, he turns in expenses for the concerts but doesn’t show any revenue. The IRS will pick up on that as well.
And they will bide their time knowing they will eventually get him. Meanwhile, he is sitting around fat, dumb and happy until it is time to pay the lawyers.
In the concert promotion business which I have some experience in with Lynyrd Skynyrd it’s not unusual for the split once the promoters agreed upon nut is covered to be paid in cash
That’s why you scurry while the show is underway to monitor and get a good gate reciepts accounting
I was with the talent booker and would have the promoters rep and the band manager hanging over my shoulders as we counted to make sure
Lol...they trusted me but not each other
Skynyrd had this Jewish Hippie Kali guy who to his credit was Peter Grant ferocious on behalf of his band and he liked me but I saw him chew
We’re talking 175-300,000 in reciepts and concessions divvy so its real money at stake
And some bands require all cash if they don’t know the promoter
Now municipal or corporate soft ticket deals are whole nother more relaxed gig
It’s a fun biz but I would not do it without a sponsor like Budweiser or Coke or Harley Davidson
Coe could easily skim but sounds like he got careless