Celebrity news

Tax

Billion $ Tax Bill? No Problem for Zuckerberg

When your income is in the billions, it stands to reason your tax liability will top a billion dollars too. On May 18, 2012, Facebook founder Mark Zuckerberg took his company public, and his income shot to $13 billion . . . with a "b."
Tax

Linebacker Romanowski Loses $13 Million Tax Deduction

As a former defensive player, Bill Romanowski should've seen this latest round of trouble coming, but he didn't. Having been a linebacker for several teams over his career, he's seen his share of controversy.
Tax

NFL's Freddie Mitchell Pleads Guilty in Tax Fraud Case

Former Philadelphia Eagles wide receiver Freddie Mitchell was back in the spotlight in early March, but he probably wishes he wasn't. This appearance wasn't on the field and not on an ESPN special, but in an Orlando federal court to enter a guilty plea for his role in a tax fraud case.
Tax

Ex-Chicago Bear Zorich Up Tax Creek without an Excuse

No excuses for former Chicago Bear Christopher Zorich. He simply told the judge in March that he didn't file his taxes for 2006 to 2009 "in a timely fashion." He pled guilty on four misdemeanor counts of not filing federal income tax on more than $1 million.
Tax

Mike Tyson Has Heavyweight Tax Problems

When Mike Tyson was named heavyweight champion back in 1986, he was the youngest man ever to win that title. They called him "the baddest man on the planet." Over the course of his career, he made more than $300 million. But in 2003, he declared bankruptcy.
Tax

Stephen Baldwin Takes Plea Deal for Tax

A few months ago actor Stephen Baldwin was arrested – and released – on charges of failure to pay his New York State income tax for three years. Based on those charges, he could have faced four years in prison. In early March he returned to court and entered a plea agreement to resolve the issue.
Tax

Strip Club Tips Rain Tax Deductions for Rapper

Canadian Rapper Drake may have found an interesting loophole he believes will allow him a hefty deduction for tips at a strip club. That includes $50,000 in what he called "making it rain" money he spent at a club in North Carolina.
Tax

Hollywood Hands Michigan an Empty Bag

A few years ago, with giant auto manufacturing plants sitting empty and the economy dragging, Michigan threw open its doors, literally inviting Hollywood to come in and produce films economically. The bait was federal film credits, which movie producers covet.
Education & Careers

Author Cornwell Wins $50.9 Million Lawsuit against Financial Manager

Best-selling writer Patricia Cornwell won a $50.9 million judgment February 18 after a federal court jury in Boston unanimously found her former accounting and business management firm negligent.
Education & Careers

Jesse Jackson Jr. Guilty of Money Crimes

One publication describes them as a "power couple," but those days may be over for Mr. and Mrs. Jesse Jackson Jr., at least for now. On February 20, both Jacksons entered guilty pleas in the separate charges brought against them.
Tax

Battle of the Governors: Low Taxes vs. High Tans

The battle of words between two governors sounds a little like a schoolboy exchange. Texas Governor Rick Perry seems to be thumbing his nose at California Governor Jerry Brown. Brown is clearly annoyed, yet responding as if Perry is more of a mosquito than a threat.
Tax

IRS to O.J. Simpson: Where's Our Money?

It's true that the IRS has slapped O.J. Simpson with two different tax liens over the years ($179,435.07 for 2007 to 2010, and $17,015.99 for 2011). California is still trying to collect $318,566.06 going back to 2000, on which Simpson has made no payments.
Tax

More of Lindsay Lohan's "Believe It or Not" Tax Life

Not even George Lucas could put together a story as unbelievable as Lindsay Lohan's real life. The drama, the self-destructive antics, and the financial devastation go on and on and on with no end in sight.
Tax

Did California Hit Mickelson into a Tax Sand Trap?

Top professional golfer Phil Mickelson may be ready to leave California and go house shopping in a more tax friendly state, which only leaves him forty-nine choices.
Tax

Plaxico Burress Needs Professional Help

NFL wide receiver Plaxico Burress needs a good financial advisor . . . or a team of them. He seems to be his own worst enemy, with a long track record of self-inflicted wounds – financial, physical, and behavioral – followed by a career-crashing stint in prison.
Tax

Uncle Sam Takes "Real Housewife" to Task

Sheree Whitfield, the ex-wife of former Atlanta Falcons tackle Bob Whitfield and a former star on reality TV show "Real Housewives of Atlanta," is in trouble with the IRS for failure to pay taxes in 2009 and 2010.
Tax

Jon Gosselin - From Stardom to Average Guy to Tax Deadbeat

When Jon Gosselin walked away from his wife in 2009, he also walked away from the income derived from their reality TV show, "Jon & Kate Plus 8." He hasn't paid any taxes since splitting with Kate; the result is a tax lien of $39,000.
Tax

Tax Lien Hits Music Legend Stevie Wonder

Nobody is immune from the long arm of the California Franchise Tax Board, not even one of the key entertainers at President Obama's inaugural ball. The good news is Stevie Wonder can handle it. The tax lien is for a mere $40.
Practice

Patricia Cornwell Sues Accountant for Financial Mismanagement

A high-profile court case in Boston, now in its second week, raises questions about where accountants and financial advisors fiduciary responsibilities for clients end.
Tax

O.J. Simpson Hit with Tax Debt and Foreclosure

In prison for a total of thirty-three years, and he's still drawing fire from multiple sources. O.J. Simpson is being targeted by the IRS, and it's not the first time. The tax agency just filed a second lien on him for 2011 income.

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