Posts Tagged ‘celebrity’

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
[Read More]

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,
[Read More]

Small Businesses are Most Likely to Tax Evade

Wednesday, May 7th, 2008

USA TODAY examined hundreds of tax delinquent cases and identified four types of people who commonly owe $100,000 or more:
Small-business owners. This group is the biggest source of uncollected taxes, according to the IRS .
Doctors, lawyers and other licensed professionals. This group accounts for 10% of California’s tax delinquents.
Entertainers/ Celebrities. Actors, rock stars and athletes can generate huge tax debts along with their big paychecks.
Tax protesters. Tax protesters claim they
[Read More]

Former U.S. Treasurer on List of Notorious Tax Delinquents

Tuesday, May 6th, 2008

USA today reported that the government is still unable to collect taxes from these very public figures and big name celebrities.
Singer Dionne Warwick is $2.7 million behind on her state taxes, according to the California Franchise Tax Board. The IRS has placed more than $1 million in tax liens against the Psychic Friends Network host for unpaid federal taxes.
Fox News analyst Dick Morris has a $1.5 million lien filed against
[Read More]