pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
So what would you all do going forward if you were the article author to get back on track financially?
That is a tough one as he has dug himself a big hole, but first would be to look at selling the house in the Hamptons, banking any equity and renting a modest apartment. Presuming that rent would be less than the carrying costs of the house it would be a good first step to adjust their lifestyle with their income.
Another would be to make arrangements to get advances in a more tax efficient way as it sounds like he is getting hammered on taxes due to the lumpiness of his income. That and put the wife to work.