Celebrity news

Tax

Tax scams on the front burner at the IRS

In case you're thinking that maybe Wesley Snipes has a good point when it comes to lowering income taxes, the Internal Revenue Service wants to remind potential tax scam artists that it does not plan on ignoring frivolous tax evasion arguments.
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Tax

This year's Oscar swag bags are filled with tax consequences for nominees

Besides getting to don designer clothing and jewelry and pose for hundreds of photo ops on the red carpet, the members of the motion picture industry who are lucky enough to present or be nominated for an Academy Award also receive bags of goodies.
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Tax

Moviemaker Michael Moore accuses former partners of irregular accounting practices

Michael Moore rose to fame for documentaries like Fahrenheit 9/11. As the highest grossing documentary, it brought in $222 million. Moore received $20 million of the profits in a 50-50 split with his partners, Bob and Harvey Weinstein. Now, he is taking them to court for more.
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Tax

Celebrities find themselves targets of the law, IRS

Has another star of The Brady Bunch gone bad or was it a case of mistaken indentity? Christopher Knight, through no fault of his own, leads this installment of AccountingWEB's celebrity news.
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Tax

Celebrity stew: Stars up to their necks in IRS trouble

Rounding out 2010's cavalcade of celebrities mired in tax issues are actor Val Kilmer, songwriter Lamont Dozier, rapper Trick Daddy, and all-around weirdo Grace Jones.
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Nicolas Cage: A tale of multiple foreclosures

Think you have issues with the IRS? Consider Nicolas Cage. By the latest count, he owes Uncle Sam approximately $14 million in back taxes relating to income from 2002, 2003, 2004, and 2007.
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Tax

More famous people in hot water with the tax man

Another bunch of celebrities is in trouble with Uncle Sam over tax debt. Singer Kelly Rowland, Eddie Murphy's ex-wife, and actor Cary Elwes are the latest.
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Tax

Get through airport quickly by keeping your fashion sense at home

Fellow travelers: Take a cue from Fergie, the latest victim of the Transportation Security Administration’s more aggressive airport screening procedures. The singer learned that being a celebrity didn’t earn her the privilege of avoiding the much-criticized tactics at LAX.
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Tax

Actor Wesley Snipes taken into custody for tax evasion

Actor Wesley Snipes, known for his roles in White Men Can't Jump and Blade, has been taken into custody by federal authorities to begin serving three years in prison for failing to file income tax returns.
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Tax

NBA's Lamar Odom cries foul, challenges IRS

Los Angeles Lakers forward Lamar Odom is accustomed to facing formidable opponents on the basketball court. But these days, he’s taking on the Internal Revenue Service in a different court setting over what he sees as a personal foul.
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Four celebrities face battles with the IRS

Even the thin, beautiful, and talented have to pay their fair share of taxes. Beverly Johnson, Janice Dickinson, Jaime Pressly, and Toni Braxton have run-ins with the IRS.
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Star athlete, celebrity wife surprised by tax lien

Even nice guys end up in tax trouble sometimes. Former Detroit Lions quarterback Rodney Peete and his actress wife, Holly Robinson Peete, did not see it coming…the Internal Revenue Service lien for more than $156,000 that hit them last summer.
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Tax

Sharpton, his civil rights organization facing tax issues

Troubles continue to mount for the Reverend Al Sharpton, both personally and for his civil rights organization. The Internal Revenue Service has filed a tax lien against Sharpton in the amount of $538, 652.
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A&A

Greed is good: Wall Street sequel opens 23 years after original

More than two decades have zoomed by since Oliver Stone's blockbuster film Wall Street appeared on theatre screens across America, capturing the go-go 80s and the era's money-must-be-made vibe.
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Technology

Facebook founder is subject of new movie; donates $100 million to Newark schools

Mark Zuckerberg, founder and CEO of Facebook, is expected to announce today his $100 million donation to the Newark public school system, which has been described as one of the country's weakest.
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Tax

Reality star caught in financial pickle

You don’t have to be a financial wizard to understand that you shouldn't go on lavish shopping sprees just days after you file bankruptcy papers. While that goes for everyone, it’s especially true for celebrities who are likely to be recognized.
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UPDATE: Actor, tax evader Wesley Snipes faces accusation of stalking

More than a month after Wesley Snipes lost his bid for a new tax trial, his name continues to appear in court documents and news headlines. Most recently, a New York woman has accused him of stalking her as a way to resolve his tax woes.
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Tax

Crocodile Dundee's Paul Hogan feels the bite of the tax man

Crocodile Dundee star Paul Hogan owes tax on AU $37.6 million (approximately $34 million U.S.) of undeclared income, according to the Australian Tax Office, which temporarily banned him from leaving the continent until he agreed to pay up.
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Tax

Rapper Young Buck working on a deal with the IRS

Just a few weeks ago, rap star Young Buck (nee David Darnell Brown) made headlines of a dubious nature. That’s when Internal Revenue Service agents raided his home at gunpoint.
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Tax

Supermodel Naomi Campbell making headlines again

Supermodel Naomi Campbell cannot keep her name out of the headlines – mostly for reasons that are far from enviable. The latest news is that she owes the Internal Revenue Service more than $63,000.
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Pages

Voice of the Editor

What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.
Read more
Gail Perry, CPA
Publisher/Editor-in-Chief, AccountingWEB
editor@accountingweb.com
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