An article from TMZ titled Lil’ Kim Breaks the Million Dollar Tax Lien Mark reported on rapper Lil Kim and her current $1,026,862.42 IRS tax lien. Lil’ Kim appears to be no stranger to tax troubles as hers are well documented and stretch out over a ten year period. A spokesperson for Lil’ Kim said that she “hired professional attorneys to handle this matter” and that “she, along with her
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No shortage of tax news this first week of 2012! Here are some headlines that caught my attention this week in my new weekly “Tax Relief Mashup“
U.S. Charges 3 Swiss Bank Employees With Aiding Tax Evasion
3 Swiss Bank employees were indicted this week for helping United States taxpayers to hide more than $1.2 billion from the IRS.
Janice Dickinson in Hot Water with the IRS… Again!
Dickinson allegedly owes the
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In a story straight out of a Hollywood movie, the estate of the late heiress, Huguette Clark has been shrouded in controversy since her death this May at age 104. Not only has her estate been slapped with $50 million in IRS penalties, her trusted financial advisors are facing allegations of tax fraud by the office of the public administrator of New York County. Born in 1906, the youngest child
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Washington Redskins wide receiver Santana Moss has had an up and down week. On Sunday, Moss caught two passes for 40 yards with a touchdown in the Washington Redskins’ 23-10 win over the New York Giants. On a down note, the Detroit News reported that the elite receiver owes the IRS $258,017 in back taxes. According the source, the IRS filed a tax lean in November against Moss’s $5.2
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Bow Wow, a 24-year-old rapper whose real name is Shad Gregory Moss, owes the Internal Revenue Service nearly $100,000.
According to TMZ, the federal government filed a tax lien against Bow Wow in Florida for $91,105.61 in unpaid taxes from the year 2006.
Formerly known by the stage name Lil’ Bow Wow, the rapper released his first album, Beware of Dog, at age 13. He has also appeared in a number of
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Comedian and actor Chris Tucker, best known for his starring role with Jackie Chan in the Rush Hour trilogy, owes the IRS $11.5 million in back taxes and penalties.
He’s also behind on payments on his $6 million, 10,000-square-foot waterfront home in Florida. SunTrust has filed for foreclosure on the property.
But the 39-year-old Tucker, ever the funny man, turned his financial misfortune into something of a comedy routine when he appeared
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With states scrambling to generate more revenue to balance their budgets, California Governor Jerry Brown upped the ante by signing a bill on October 4th, 2011 that aggressively goes after the state’s top tax delinquent citizens by denying their driver’s license and publishing their names for public view.
Celebrities are not above the Hall of Shame —the state’s list of top tax debtors include  Halsey Minor, one of the founders
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Celebrity tax problems seem to never cease.  Even for those who are no longer really a celebrity.  Richard Hatch was the first winner of “Survivor” and although his fame seems to have disappeared, his tax woes with the IRS certainly haven’t!
Richard Hatch, the winner of the first season of CBS’s hit reality show Survivor, hasn’t survived the Internal Revenue Service.
Claiming he’s “destitute,” Hatch has asked for a court-appointed lawyer to
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The Internal Revenue Service wants to know what happened to $100,000 that soap opera star Jack Scalia raised for military veterans and families of 9/11 victims.
Scalia, whose All My Children character had a relationship Susan Lucci’s on the show, raised the money through two nonprofit organizations, including one called 9-11-01 Lest We Forget.
The IRS pulled 9-11-01 Lest We Forget’s tax-exempt status after the organization did not file any tax returns.
For
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I wrote a guest post this week called What Taxpayers Can Learn From Celebrity Tax Evasion on Daniel Stoica’s Accounting Professional blog.
I share celebrity tax evasion cases to help reiterate that delinquent tax problems happen to many people.  And it is important to remember that the IRS does not discriminate – their goal is to collect overdue taxes from everyone, celebrities included.
In the What Taxpayers Can Learn From Celebrity Tax
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This month I came across a couple of interesting articles from my StumbleUpon I wanted to share with you. Here is a recap of tax news covering topics on all things tax, from news on Innocent Spouse relief, giving to charity, tax scams and more celebrities tax problems.
IRS does ‘the right thing’ for the ‘innocent spouse’ – Michelle Singletary discusses the IRS and their decision to remove the two-year limitation
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It is important for taxpayers to know they are not alone when it comes to facing IRS problems. In fact, many celebrities have fallen victim to the woes of owing Uncle Sam and R. Kelly is no exception.
The Detroit News reports that R&B star, best known for his hit “I Believe I Can Fly” owes nearly a million in unpaid taxes.
The IRS filed an $837,442.59 tax lien against Kelly
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Celebrity rapper and actor Ja Rule was sentenced to 28 months in prison and ordered to pay 1.1 million dollars in unpaid taxes on Monday. Ja Rule was quoted by the Associated Press as saying; “I was a young man who made a lot of money — I’m getting a little choked up — I didn’t know how to deal with these finances, and I didn’t have people to guide
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As a Yankees fan myself, I take this story to heart! Christian Lopez became an instant celebrity earlier this month when Derek Jeter’s 3,000th career hit landed in his section at Yankee Stadium in a game against Tampa Bay. The 23-year-old Lopez, who was there as a birthday gift from his girlfriend, beat out dozens of fans and caught the coveted ball.
Lopez could have sold the prized ball
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Michael Jackson’s former manager is facing some major IRS tax problems. Raymone Bain was charged on two counts of failure to file tax returns from 2006 – 2008 despite large earnings from working for the star as his general manager and spokeswoman during that period.
Bain pleaded guilty on Wednesday, June 22 for failing to file both federal and District of Colombia returns.  She is scheduled for sentencing on August 13,
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