The Tax Education of Lauryn Hill Continues

 

By Ken Berry
 
Apparently, hip-hop singer Lauryn Hill has changed her tune about her tax troubles.
 
On June 29, the eight-time Grammy award winner pleaded guilty to failure to pay federal income tax on more than $1.8 million earned by four corporations she owns. Hill admitted to "intentionally and willfully" failing to file tax returns for the three tax years spanning 2005 through 2007. She now faces a sentence of up to one year in prison on each of the three counts, plus penalties that could exceed $75,000.
 
During the hearing before the federal district court judge in New Jersey, Hill's attorney, Nathan Hockman, indicated that she intends to pay the taxes she owes. U.S. Magistrate Michael Shipp then postponed sentencing to November to give Hill more time to settle with the IRS.

Hill's Next Move

  • According to her attorney, Nathan Hockman, Hill will have to amp up her work schedule in order to pay the taxes she owes.
  • On July 4, she will perform in Philadelphia and will continue touring regularly over the coming months.
Hill first rose to fame as a member of the Fugees. The reclusive singer received critical acclaim in 1998 for her break-out album, "The Miseducation of Lauryn Hill."
 
When the tax charges were initially brought against Hill, she posted a rant on her Tumblr page, protesting a "climate of hostility, false entitlement, manipulation, racial prejudice, sexism, and ageism." Hill said that she hadn't paid her taxes and had sought refuge from society for personal safety and the well-being of herself and her family.
 
We probably haven't heard the last word from Hill on this subject. When pressed by Shipp as to whether her decision was affected, either directly or indirectly, by others, Hill said, " "Indirectly I've been advised my ability to speak out directly is for another time, at sentencing."
 
Related articles:
 

You may like these other stories...

Could the IRS disallow Ice Bucket Challenge charitable contributions?Unless you’ve been living under a rock, you’ve probably heard of – or participated in – the ALS Ice Bucket Challenge.I was...
As a general rule, a taxpayer can deduct the full amount of monetary contributions made to a qualified charitable organization, as long as certain substantiation requirements are met. These donations are typically made...
Hertz withdraws full-year forecast, cites accounting review, challengesRental car company Hertz Global Holdings Inc. said on Tuesday it is withdrawing its full-year financial forecast and expects 2014 results to be “...

Already a member? log in here.

Upcoming CPE Webinars

Aug 26
This webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates for non-public, non-governmental entities.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.