Al Pacino's Tax Lien Sleeps with the Fishes
by Terri Eyden on
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.
Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
2 weeks 2 days ago by claudilocks