Posts Tagged ‘celebrity tax evasion’

IRS Back Taxes Owed by Rapper Amount to Nearly $100,000

Tuesday, December 6th, 2011

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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Owe State Back Taxes? Your Driving Privileges May Be in Jeopardy

Wednesday, October 19th, 2011

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 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 Resolution News: IRS Demonstrates Enforcement in Celebrity Tax Case

Friday, December 3rd, 2010

Wesley Snipes is going to prison.
For three years.
For unpaid back taxes.
You know who I’m talking about. Snipes, the star of Blade and White Men Can’t Jump, was convicted of willfully failing to pay taxes on $38 million of income for the tax years 1999 to 2001.
After a judge rejected his appeal, Snipes was ordered to turn himself into federal authorities and begin his three-year prison sentence.
People who track tax protestors
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Celebrity Back Taxes: IRS Puts More Than $63,000 Lien on Supermodel Naomi Campbell

Wednesday, September 8th, 2010

The super-rich and famous are getting schooled by the IRS left and right nowadays since the agency stepped up its game in recent years to collect unpaid back taxes. Recently, the IRS filed a $63,487 lien against international supermodel Naomi Campbell for unpaid back taxes in 2009.
According to the New York Post, “the IRS filed a $63,487 lien against her last month with the New York City Register’s office for
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A-list Celebrities Who Owe IRS Back Taxes Worry About a New List in Hollywood: The IRS-list

Wednesday, April 28th, 2010

Here they go again.  Hollywood stars reminding us they are regular people just like everyone else. Fox News reporter, Natalie Crnosija recently revealed some of Hollywood’s biggest tax evaders in her article Hollywood Stars Who Owe Uncle Sam Big Bucks in Back Taxes.  To name a few: Nicolas Cage—weighing in at $13.3 million, Pam Anderson—Dancing with the Stars despite a $1.7 million tax debt, and Joe Francis, founder of Girls
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IRS Tax Lien for $79,000 filed against Arnold Schwarzenegger: How to Terminate Back Taxes, Penalties

Thursday, December 10th, 2009

The LA Times reported that the IRS has filed a federal tax lien against Gov. Arnold Schwarzenegger for nearly $80,000.
The lien was filed May 11 at the Los Angeles County recorder’s office for $79,064, according to a record in an electronic database that includes lien filings. The record does not indicate what property the lien was placed on, but it lists the debtor as Arnold Schwarzenegger with the governor’s home
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IRS Debt Relief News-More from the TRS Files on Resolving Back Taxes, Plus the Most Notorious Celebrity Tax Evasion Stories

Thursday, December 3rd, 2009

One of the worst mistakes a taxpayer can make is to underestimate the power and reach of the IRS.
Recently, we have seen how serious the IRS is about collecting back taxes and penalizing those who have deliberately evaded their tax payments. The truth is, no one is safe from the IRS’s grasp-not even A-list celebrities like the ranks of Wesley Snipes, Pete Rose, Sophia Loren, and many more. These celebrities
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Tax Lien Filed Against Backstreet Boy, Aaron Carter Owes $1M to IRS

Wednesday, December 2nd, 2009

No amount of singing or dancing can get you out of a tax lien filed by the IRS.  When the IRS files a tax lien, it means that you owe taxes, usually a lot of taxes.  Tax liens are no laughing matter – they can tie up your personal property and real estate, make it impossible to get financing for a car or home and, for celebrities, possibly the most embarrassing part of having a tax lien filed
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Both Celebrities and Joe Six-Packs Must Beware of Owing Back Taxes: IRS Targets Tax Cheats of All Income Brackets

Tuesday, November 3rd, 2009

In my years of experience as a tax resolution specialist, I have met many people who hold the misconception that the IRS primarily targets a specific group of people with back taxes–either the wealthy celebrity tax cheats or the Joe Six-Packs. This is simply not true.
Turn to the news and you will find a wide range of people who have been getting in trouble with the IRS.  Just watch Entertainment
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Tax Problems of the Stars – Celebrities Owing IRS Back Taxes Though the Years

Wednesday, October 28th, 2009

I recently blogged about the Worst Cases of Celebrity Tax Evasion- and the tax resolution lessons we can learn from these high-profile cases to make sure you don’t land in IRS trouble!
I came across another article on FoxNews.com about the Tax Problems of the Stars – which feature both recent headlines and some blasts from the past. Here are some highlights:
Nicholas Cage recently made headlines for his huge tax liabilities
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Top 7 Tax Resolution Lessons Learned from the Worst Cases of Celebrity Tax Evasion

Thursday, October 22nd, 2009

Celebrities, just like average taxpayers, can run into serious IRS problems. You have an edge over the high-profile celebrity tax cheats in that you can learn how to avoid IRS tax problems from the worst celebrity tax evasion cases.
Recently Access Hollywood compiled a list of celebrity tax cheaters who found themselves in deep IRS trouble with Uncle Sam. With thousands of fans and loyal followers, ending up on the
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Celebrity Tax Evasion: Actor Nicholas Cage Owes $6 Million in Federal Back Taxes

Friday, October 9th, 2009

I just read that Nicholas Cage owes a whopping $6 million in unpaid back taxes. And this isn’t the first time the actor has gotten in tax trouble.
The New York Post Reports:
A notice of a federal tax lien shows that the “National Treasure” actor made a serious dent in the national debt — allegedly stiffing the Internal Revenue Service out of $6.25 million he owed in income tax from 2007,
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IRS Appeal from Famous Rapper: MC Hammer Makes Plea to IRS for Tax Help with $625,000 in Back Taxes

Friday, August 14th, 2009

MC Hammer is appealing the $625,000 in back taxes that the tax collection agency is seeking from the rapper.
If you think the IRS has filed a claim against you that is wrong or unfair, you can file an IRS Appeal to let the IRS know that you don’t agree with their claim and are seeking a hearing to change the IRS decision. However, you must file an Appeals request
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Dancing with the Stars Indy Race Car Driver Indicted!

Thursday, October 2nd, 2008

I did a post a while back called “Even the Beautiful and Famous Pay Taxes”
Once again, another “star”, a “Dancing with the Stars” star, is in hot water with the IRS.Â
Helio Castroneves, indy race car driver and ABC dancing star, was accused today of using “an offshore Panamanian shell corporation Seven Promotions to conceal and disguise the true and correct amount of Helio Castroneves’ income from the Internal Revenue Service.”
The alleged
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