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...
Ernst & Young 2013 audit deficiency rate 49%, regulators sayMichael Rapoport of the Wall Street Journal reported on Thursday that the Public Company Accounting Oversight Board (PCAOB) found deficiencies in 28 of the...
Some of your clients may get away to business conventions from time to time. It gives them a chance to rub shoulders with colleagues, catch up on the latest developments, and fine-tune their skills. And, when the meetings or...
PwC must face $1 billion lawsuit over MF Global adviceA federal judge on Wednesday ordered PricewaterhouseCoopers (PwC) to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the...
Upcoming CPE Webinars
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Transfer your knowledge and experience to prepare your team for the challenges and opportunities of an accounting career.
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.