Al Pacino's Tax Lien Sleeps with the Fishes

By Teresa Ambord
 
California can cross one celebrity off its deadbeat list. Al Pacino was into the Golden State for $31,706.04 (knowing what's good for him, the Godfather did not forget the extra four cents). The taxes related income from 2009 and 2011 and were the subject of a lien filed last May. 
 
In response, Pacino did something unusual. He simply . . . paid it. And on July 31, California lifted the lien. 
 
This isn't Pacino's first go-round with tax debt. In 2011, the IRS "leaned" on him for $188,283.50 related to income from 2008 and 2009. In that instance, Pacino was part of a Ponzi scheme which also caught other celebrities in a costly tax net. 
 
Pacino is famous for his gangster roles in The Godfather trilogy and Scarface
 
Now he's working on a movie called Imagine.
 
Related article:
 

You may like these other stories...

Starting in January 2015, the IRS will limit the number of refunds that are electronically deposited into a single financial account or pre-paid debit card to three, as part of the agency’s effort to crack down on...
House proposes $10.5B, eight-month highway billThe House Ways and Means Committee proposed a transportation funding bill on Tuesday that calls for a temporary extension of current transportation funding levels until May 31,...
Swiss banks threaten freeze on US accounts over tax evasionJames Shotter of the Financial Times reported on Monday that several Swiss banks have threatened to freeze American clients’ accounts unless they prove they...

Upcoming CPE Webinars

Jul 16
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
Jul 17
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.