Tax Sentence Served: Lauryn Hill Out of Prison
by Terri Eyden on
By Teresa Ambord
A few days short of her three-month sentence for tax evasion, the prison doors opened for Lauryn Hill on Friday, October 4. Her confinement at the Federal Correction Institution at Danbury, Connecticut, began July 8, but, according to Forbes magazine, good behavior "among other things" netted her a break.
Originally, Hill was looking at a possible two to three years behind bars for failing to file tax returns for the years 2005 through 2007. In her plea to the court, she asked for leniency so that she could work hard to earn the money needed to pay her tax debt. Ultimately, she was given a short sentence, followed by three months of home confinement, a year of supervised parole, and a fine of $60,000.
Before going to prison, she began work on a new track, which she had originally hoped would be ready before her incarceration. Instead, her new single, "Consumerism," was on the market within hours of her release from prison.
Hill hasn't announced what she'll do next, though her latest project is entitled "Letters from Exile." The CEO of her record company said simply, "Ms. Hill is ready to get back to work." Here's hoping her financial and legal problems are behind her and her fresh start will be a huge success.
You may like these other stories...
IRS must take oath on Lerner emails: judgeMackenzie Weinger of Politico reported on Thursday that a federal judge ordered the IRS to explain under oath how it lost emails connected to Lois Lerner, the ex-IRS official at the...
The Republican-controlled House of Representatives passed a bill on Friday morning that would permanently extend the bonus depreciation tax break for businesses.The measure, HR 4718, which was crafted by Representative Pat...
The Republican-led House of Representatives is expected to pass a bill this week that would permanently extend the bonus depreciation tax break. But don’t expect President Obama to sign it.The Obama administration said...
Upcoming CPE Webinars
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.
FRF for SMEs Series--Statement of Cash Flows, Subsequent Events, Related Party Issues, Accounting for Investments including Consolidations, Part 4A
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.
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.
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.