Archive for the ‘Celebrity Tax Woes’ Category

Tax Evasion by “All My Children” Soap Star Jack Scalia

Tuesday, August 9th, 2011

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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Celebrity Tax Evasion – Lessons Learned

Tuesday, August 2nd, 2011

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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Tax Help News Round Up – Innocent Spouse change in regulation, How to Chose a Tax Pro, Give to Charity, Avoid a Tax Scam and More!

Sunday, July 31st, 2011

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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Celebrity Tax Woes: R&B star R.Kelly owes more than $837,000 in delinquent federal taxes

Thursday, July 28th, 2011

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 Tax Woes: Rapper Ja Rule Sentenced for IRS Tax Problems

Wednesday, July 27th, 2011

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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Celebrity Tax Woes: Yankees Fan Christian Lopez Now Faces Up to $14,000 in IRS Taxes

Monday, July 18th, 2011

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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Celebrity Tax Woes: Michael Jackson’s Former Manager Faces IRS Tax Problems

Wednesday, July 13th, 2011

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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Celebrity Tax Woe: Snipes Appeal Rejected

Thursday, July 7th, 2011

Actor Wesley Snipes’ request for an appeal for a 3-year prison term was rejected by the Supreme Court in the beginning of June. Snipes was sentenced to prison until 2013 after his 2008 trial conviction of three misdemeanor charges of willful failure to file income tax returns from 1999 to 2001. Tax Resolution first blogged about Snipes’ IRS tax problems here.
If you owe money to the IRS, especially $25,000 or
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Tax Help News Round Up – Summer Time Tax Tips for Young Job Hunters, Small Business Tax Breaks, More Celebrities Tax Troubles and Precedent Tax Case for Animal Lovers!

Monday, June 20th, 2011

Latest edition of tax help news covering all things tax, from small business tax break checklists to furry feline tax court. This week we’ve Stumble(d)Upon the following tax news and cases:
The Real World: Tax Tips for Summer Workers – Is your son or daughter still looking for a job this summer? Consider employing them for your business and save big time on taxes! Check out this checklist for tax-saving tips as posted
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Back Taxes Owed by ‘Celebrity Apprentice’ Star Marlee Matlin

Tuesday, June 7th, 2011

Back tax debt happens to many people.  The IRS does not discriminate – they aim to collect overdue taxes from everyone, including celebrities.

One of the stars of Celebrity Apprentice owes the Internal Revenue Service $50,000 in back taxes.

Actress Marlee Matlin, 45, told People magazine that she is negotiating a payment arrangement with the IRS. She and her husband, a Burbank, Calif., police officer, are also trying to sell their five-bedroom home
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IRS Back Taxes Owed by Ozzy And Sharon Amount to $1.7 Million – Seek Professional Tax Help When Owing Back Taxes

Tuesday, May 10th, 2011

Owe the IRS back taxes?  Whether you are a celebrity owing millions or a citizen owing thousands, the key to settling back taxes once and for all is to seek help from a tax professional.  Even Sharon Osbourne, wife of famous rock star Ozzy, admitted that upon hearing there was a tax lien on her house, she enlisted professional help for her back taxes owed.  Smart woman!
Ozzy and Sharon Osbourne, the rock star couple-turned-reality TV
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Tax Lien Filed Against Actor Nicolas Cage Who Owes Over $620,000 in Back Taxes

Thursday, May 5th, 2011

A tax lien is serious business!  If you find yourself with a tax lien from the IRS, you can’t ignore it.  Tax liens can make it difficult, or impossible, for you to obtain financing on a car or a home, and can tie up your personal property and real estate.  To top it off, tax liens are public record and when one is filed against a consumer, anyone can find
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Tax Help News Round Up – IRS Payment Options and Tips, Warning for Offshore Account Holders, Musicians in Tax Trouble, IRS Novels and More!

Monday, April 25th, 2011

Check out this week’s edition of Tax Help News Round Up – bringing you news for anything and everything tax! At Tax Resolution Services, Co. we offer expert tax help not only by fighting on your behalf to settle back taxes and resolve any IRS debt, but we strive to educate consumers on tax news and developments to be aware of. The tax world is not stagnant – just because
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Tax Help News Round Up – Last Minute Tax Filing Tips, Surviving Audits, Offshore Accounts and Celebrity Tax Woes!

Sunday, April 17th, 2011

The latest edition of tax help news covering anything and everything tax! Check out some of the interesting tax news we’ve Stumble(d)Upon this week, including your pick of last, last minute tax tips, celebrity tax woes, the typical tax cheat, offshore tax regulation and more!
At Tax Resolution Services, Co. keeping up with news from the tax blog-o-sphere is key in ensuring we offer expert tax help and helping us educate consumers
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IRS Tax Liens Filed Against Hollywood Elite Martin Scorsese and Al Pacino

Thursday, April 7th, 2011

The IRS files a tax lien against people who owe IRS taxes.  Having a tax lien filed against you is serious business.  Why?  Because tax liens are public records.  Public records show up on your credit report often making it difficult or impossible for a consumer to obtain financing on a car or home.  They can also tie up personal property or real estate.  And, if you are famous, tax liens can put
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