Posts Tagged ‘federal tax lien’

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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Posted in Tax Liens and Levies, Tax Relief News, Tax news and tips | 1 Comment »

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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Posted in Back Taxes, Tax news and tips | No Comments »

What the IRS May Not Tell You About Payment Plans

Thursday, February 12th, 2009

In this challenging economy, more taxpayers are going to need tax help and will be hoping to pay their tax debt by negotiating payment plans with the IRS to pay their liabilities over time.
It is important to note that the IRS continues to add penalties and interest while you are making monthly payments. This may cause you to be paying what you consider a large monthly payment to the IRS
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Posted in IRS Installment Agreements, Tax news and tips | 2 Comments »