Celebrity news

Tax

Football great Bernie Kosar pays tax lien

Bernie Kosar, the former National Football League quarterback, says he has paid the $228,806.21 lien the IRS placed on him for income taxed owed for 2006, according to the Cleveland Plain Dealer. The Miami Herald had reported Kosar was behind on property tax for 2007, failing to pay $52,724.95 as of March 31, owing $59,881.49 with penalties, interest, and other charges.As a player for the Browns, Kosar helped guide the team to three AFC Championship games. He also played with the Cowboys, and the Dolphins.
Tax

A tax tale gone wild: Is Joe Francis a victim of the rogue IRS and a disgruntled CPA?

Joe Francis, founder of the "Girls Gone Wild" videos, is no stranger to legal trouble. But according to his attorney Robert Bernhoft, the eleven months Francis just spent in jail awaiting trial on felony tax evasion charges had nothing to do with any misbehavior on his part. Instead, the trouble stems from the government persecuting his client because, says Bernhoft: They don't like his videos; they are jealous of his youth and his enormous success; and the IRS runs a "rat-out-your-neighbor" abusive Whistleblower program.
Tax

Celebrity Watch: Michael Vick adds back-taxes to list of woes

Former NFL quarterback Michael Vick, currently serving a prison term for criminal conspiracy resulting from felonious dog fighting, filed for Chapter 11 bankruptcy protection earlier this month and has requested more time for preparing the paperwork in his bankruptcy proceeding.
Tax

IRS employee charged with illegally accessing celebrity tax records

An Internal Revenue Service tax examiner has been charged with snooping into the tax records of nearly 200 actors, celebrities, professional athletes, and even his next-door neighbor.John Snyder, of the Covington, KY IRS processing center, allegedly looked up personal information on actors Kevin Bacon, Alec Baldwin, Sally Field, Vanna White, and the late Eddie Albert.
Tax

Celebrity Watch: Snipes, out on bail, continues his fight

Actor Wesley Snipes is fighting the government again, but this time over a bill of nearly $260,000 to cover the costs of prosecuting him on tax evasion charges.According to the Ocala Star-Banner, federal prosecutors in May asked U.S. Magistrate Judge Gary R. Jones to order Snipes to pay $257,687 for the cost of prosecuting the case. Snipes's lawyers, in a motion filed May 28, argued that the costs should not be allowed.His lawyers noted that Snipes was acquitted of some of the charges, and the bill wrongly included costs associated with them.
Tax

Wesley Snipes gets prison time for tax crimes

Saying Wesley Snipes showed "contempt," a Florida judge sentenced the actor to three years in prison for failing to file income tax returns."These are serious crimes, albeit misdemeanors, because he has a history of contempt over time," said U.S. District Court Judge William Terrell Hodges during Snipes's sentencing hearing in Ocala, FL Thursday.Hodges sentenced Snipes to the maximum sentence, one year for each misdemeanor count, to be served consecutively, Bloomberg reported.
Tax

Lights! Camera! Accountants take to the big screen

The stereotypical accountants may seem like they lead an orderly, quiet life, with little excitement or notoriety. And when you think of Hollywood glamour, the image of an accountant might not be the first thing that jumps to mind.
Tax

IRS, Nicolas Cage tangle over personal expenses

Actor Nicolas Cage is the latest celebrity to be caught up in a dispute with the IRS.The IRS contends that Cage, the star of "National Treasure," wrongly wrote off $3.3 million in personal expenses, reports Forbes.com. The expenses included limos, meals, travel, gifts, and his Gulfstream turbojet.Fellow actor Wesley Snipes also tangled with the IRS, which accused him of dodging his tax obligations from 1999 to 2004. Snipes was recently found guilty on three misdemeanor charges for failing to file income tax returns.Forbes, citing U.S.
Tax

Snipes jury acquits on felony tax charges

The jury in the Wesley Trent Snipes tax trial has found the actor guilty on three misdemeanor charges for failing to file income tax returns. Snipes was acquitted on felony charges of conspiracy to defraud the Internal Revenue Service and presenting a fraudulent claim for payment to the IRS. He was also acquitted on three other charges of failing to file income tax returns. Eddie Ray Kahn, of Sorrento, FL, and Douglas P. Rosile, of Venice, FL, were found guilty of conspiracy to defraud the IRS and presenting a fraudulent claim for payment to the IRS.A sentencing date has not been set.
Tax

Tax breaks attract movie makers - and Johnny Depp? - to Wisconsin

Generous tax breaks that took effect at the start of this year are already attracting attention from movie and television companies looking to film in Wisconsin, officials say.The state enacted incentives of up to 25 percent of production costs incurred while shooting in Wisconsin, prompting the Hollywood Reporter to ask, "Is a filmmaking 'third coast' one step closer to happening?' "The incentives apparently put Wisconsin on competitive footing with California and New York, and Milwaukee-based Marcus Theatres has also agreed to "provide the foundation bookings" for movies filmed
Tax

Actor Wesley Snipes spars with tax prosecutors

Actor Wesley Snipes didn't pay federal taxes on $37.9 million in income from 1999 to 2004, according to documents filed ahead of the actor's tax fraud trial scheduled to begin on Monday in U.S. District Court in Ocala, FL, 80 miles northwest of Orlando. Snipes has attempted to delay his tax-evasion trial by having his lawyer, Robert Barnes, file a motion to move the trial from the central Florida city, only to have those attempts denied Tuesday by a federal appeals court in Atlanta. The actor's legal team argued that Snipes cannot get a fair trial in Ocala.
Tax

O.J., Dionne, Sinbad among top tax scofflaws

California Revenue & Taxation Code Section 19195 directs the Franchise Tax Board to publish an annual list of the top 250 taxpayers with liened state income tax delinquencies greater than $100,000. Each taxpayer is given an opportunity to voluntarily settle their liability with the state before their name appears on the public list.According to the California Franchise Tax Board, O.J.
Tax

Bonds' homer ball creates tax controversy

Even before San Francisco Giants slugger Barry Bonds hit his record-breaking 756th home run, the analysts were lining up, giving their opinions about how much the ball would be worth and how and when the value of the ball would be taxed.
Tax

DiCaprio To Star In Enron Movie

Oscar-nominated actor Leonardo DiCaprio will star and produce the story of Enron’s collapse according to Variety.Warner Bros. reportedly is finalizing the rights for “Conspiracy of Fools,” the book written by New York Times report Kurt Eichenwald.DiCaprio has been slotted to play a newcomer to the Houston-based energy company who exposes the greed and fraudulent accounting that plunged Enron into bankruptcy in 2001.
Tax

Celebrities Treasures Tarnished: IRS Taxes Gifts & Goodie Bags

Oscar presenters this year each walked off with over $35,000 worth of gifts in their goodie bags, including four nights at Honolulu's Halekulani Resort, with a 24-hour butler valued at $25,000. What’s in your goodie bag? The new Sierra Leone Fund, launched on September 10th in Washington, DC with a gala celebrity fundraiser. Their goodie bags for folks like Angelina Jolie, Kanye West, and Isaiah Washington, included t-shirts, sarongs and other clothing items to jewelry, high-tech gifts, accessories and more.
Tax

Accountants Play Starring Role at Sunday's Academy Awards

Two people who play a big part in Sunday's Oscars ceremony already know they're going to feel out of place. “We're accountants," said Oscar-vote handler Rick Rosas. "We're the most anonymous people sitting in the Green Room. We're the most nondescript. We're clearly the two who don't fit in. And we're the only two who have a security detail."Rosas and fellow PriceWaterhouseCoopers partner Brad Oltmanns have the enviable job of counting Oscar ballots, ensuring the accuracy of the numbers, and knowing long before anyone else who the big winners are.
Tax

Top Ten TV Moms

TV characters are not often cited as role models. Neither are mothers, though they certainly should be and more frequently than TV, movie and sports stars commonly idolized by popular culture. In honor of Mother’s Day, Fox News came up with a list of the top ten TV Moms, proving that while not all TV characters give sound advice, there are a few worth listening to and maybe even learning from.10.
Tax

IRS Files $1 Million Tax Lien Against Baseball Great, Pete Rose

Last week the IRS hit Pete Rose with a $1 Million federal tax lien, contending that the wannabe baseball Hall of Famer owes the money for tax years dating back to 1997, The Smoking Gun reported. The IRS lien was filed in Florida's Broward County courthouse. According to the report, Rose owes the IRS a total of $973,693.28 for years 1997, 1999, 2000, 2001, and 2002 (the lien notes that the IRS has "made a demand for payment of this liability, but it remains unpaid"). A tax lien covering 1998 was reportedly filed against Rose in California several years back.
Tax

Willie Nelson Returns as H&R Block Superbowl Spokesman

Remember that bad tax tip you got from your second cousin's husband? Or that home remedy your sister's boyfriend's aunt said would clear up that rash? Do you now wish you would have gone straight to the professionals for advice? You're not alone. For the second year, country music legend Willie Nelson is the centerpiece of the H&R Block Super Bowl commercial.
Tax

Coming Soon to a TV Near You: ‘The Accountant and the Stripper’

The accounting profession is about to get the Hollywood treatment: Actor William H. Macy is slated to star as a CPA who turned six failing strip clubs into financial jackpots in an upcoming Showtime movie based on a true story.According to the Hollywood Reporter, the movie is tentatively titled "The Accountant and the Stripper" and will focus on Lew Berman, who took over the Florida strip clubs as a receiver in 1996, just after he retired from the Melbourne, Fla., CPA firm he co-founded.

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