California Taxpayers with the Largest Delinquent Income Tax Bills Owe $143 Million in Back Taxes
The Los Angeles Times released a list of California taxpayers with the largest delinquent income tax bills who together owe $143 million in back taxes.
While O.J. Simpson and his $1.5 million bill have been taken off the list (after being sentence to 9 years in prison), Dionne Warwick (who owes $2.18 million) and Burt Reynolds (who owes $225,000) are among the notable names on the list of 250 people with the largest delinquent income tax bills. Actor-comedian Sinbad owes $2.5 million on a tax lien first filed in 2001.
It’s not surprising that high profile people have delinquent income tax bills - 1 in 6 (or about 16%) of the taxpaying public have tax problems. And in this down economy, I expect that rate to increase significantly.
The annual list is intended to pressure those with large bills to pay up. However, it only represents only a fraction of the $6.5 billion in personal income taxes that go unpaid each year in California alone. An estimated 21% of federal individual income taxes go unpaid each year — contributing to a $400 billion tax gap yearly.
** If you owe back taxes and need income tax relief, our specialized staff of attorneys, CPAs, EAs and tax professionals can help. Visit the Tax Resolution Services web site for a free tax relief consultation or call us at 866-IRS-PROBLEMS.
More Tax Help, IRS News and Tax Relief Tips:
- Income Tax Relief Advice for the 35 Million Taxpayers Currently in Trouble with the IRS
- We’ve Expanded to Help More Taxpayers Resolve Their IRS Tax Problems!
- Melt Your IRS Fears Away - Tax Help if You Can’t Afford to Pay Your 2008 Taxes
- Obama Proposes Doubling Tax Law Enforcement Budget and Seeks $400 Million Funding Boost for IRS Enforcement Activities
- Tax Compromise Improvement Act Helps Struggling Taxpayers Enter into Offer in Compromise Agreements with IRS
Tags: Back Taxes, burt reynolds, california income tax relief, california tax help, california tax resolution, delinquent tax returns, delinquent taxes, Dionne Warwick, income tax relief, IRS back taxes, IRS enforcement, IRS problem solver, irs problems, IRS tax problems, Michael Rozbruch, O.J. Simpson, Sinbad, tax expert, tax lien, tax problems, tax resolution expert, tax resolution services, unfiled tax returns
