Celebrity news

Tax

Hair stylist to the stars gains fame he never wanted

He's not a national celebrity himself, but celebrities like Maya Angelou, Mary Tyler Moore, and Britain's former princess Sarah Fergusson depend on him for their beauty. Now, Teddie Kossof is getting some media attention he'd like to avoid.
Tax

How Arnold Schwarzenegger cleared an $80,000 tax lien for twenty bucks

Ten months ago the IRS slapped a lien on California Governor Arnold Schwarzenegger for nearly $80,000. Now after paying only $20.50, the debt is cleared. How did that happen?
Tax

Brooke Shields, Nicolas Cage, Diego Armando Maradona, back in the news with tax problems

Some celebrities end up in the news whenever they make a new movie or sign a great deal. Others would probably prefer to stay out of the news as their personal lives are strewn across the headlines.
Tax

Arnold Schwarzenegger in tax trouble?

An IRS lien – which was filed with the Los Angeles County Recorder's office – says Arnold Schwarzenegger owes $29,047 for tax year 2004 and another $40,016 for 2005.
Tax

The taxman comes rapping for rappers Method Man, Nas, and DMX

Clifford Smith, better known as the rapper Method Man or simply Meth, is battling the New York State Department of Taxation over back taxes of $52,503.
Tax

Nicolas Cage sues business manager for tax woes

The trouble seems to never end for Nicolas Cage. Now the IRS is after him for $6.26 million in taxes owed on his 2007 income.
Tax

Joe Francis free: Was he a victim of accountants gone wild?

In spite of a future that looked pretty dismal, “Girls Gone Wild” producer Joe Francis will not serve another day of jail time for tax evasion.
Tax

IRS clerical error... or Senatorial scofflaw? Kerry campaign has tax woes

When Senator John Kerry (D-MA) ran for president in 2004, naturally he had a significant staff helping him. The IRS has taken the position that in the process of hiring and employing these people... the Kerry campaign overlooked one minor detail: They failed to pay payroll taxes on campaign staff. That's why earlier this year in the District of Columbia, the tax agency filed a lien against the campaign in the amount of $819,848. The lien is standard procedure when a tax liability goes unpaid, and is intended as a claim on property to make sure the IRS can collect the debt.
Tax

Another celebrity in the IRS spotlight: Robin Givens

More and more, it seems, celebrities are making themselves at home in the arena of tax troubles. The latest entertainer to spar with the IRS over unpaid taxes is Robin Givens, former wife of heavyweight boxing champion Mike Tyson. The 44-year-old actress is being sued by the U.S. Government for what it says is $292,000 in unpaid federal taxes, interest, and penalties dating back to 1996.
Tax

Some California celebrities are in the public eye for owing taxes

California has more than its share of tax cheats, and since so many TV and movie actors call southern California home, a few of them made the rolls of scofflaws this year, and last year, and the year before... some of them have been haunting the tax cheat rolls for a decade. Given the sorry state of California's economy, it would be hard to blame Governor Arnold Schwarzenegger for rattling the saber a little bit at his fellow entertainers who owe back taxes.
Tax

Third promoter of Wesley Snipes’s tax strategy faces prison

Jerry R. Williamson, who allegedly promoted tax avoidance strategies to the actor Wesley Snipes and thousands of other customers of the Florida-based American Rights Litigators/Guiding Light of God Ministries (ARL), pleaded guilty to mail fraud in Federal court in Washington DC on Friday April 24 in connection with the schemes. Williamson, who was indicted last year along with Snipes's tax adviser Eddie Ray Kahn and three other associates, faces up to 20 years in prison. Williamson admitted that he that he sent a fictitious "Bill of Exchange" purporting to be drawn upon the U.S.
Tax

Alexis Stewart, Martha's daughter, suing CPA over tax return

Alexis Stewart, the daughter of world-famous Martha Stewart, is suing her accountant over a tax return that she said contained mistakes costing her hundreds of thousands of dollars.A radio and TV host, Stewart, 43, filed a lawsuit earlier this month contending that CPA Michael Mirras, who she hired to do her 2002 tax return, miscalculated the amount she owed the IRS, according to the Washington Post.
Tax

Castroneves found not guilty of tax evasion

By midday Friday it looked like Helio Castroneves would be biting his nails through the weekend, waiting for the jury to continue deliberating this week. But by the end of the day Friday... he walked out of the courthouse, free. After six weeks of trial and another six days of deliberation, the jury deadlocked on the key charge of conspiracy. U.S. District Court Judge Donald Graham declared a mistrial on the conspiracy charge and told Castroneves he was free to go. On his way out people everywhere, including court officials, congratulated him. "Go get 'em, Helio," said a U.S.
Tax

Castroneves tax trial diary - The wait is over

Friday, April 17, 2009Helio Castroneves and his sister Katiucia have been acquitted on all counts of tax evasion. The jury remained hung on one conspiracy charge against each of the Castroneves defendants. Castroneves's Michigan lawyer, Alan Miller, was acquitted on the conspiracy count and three counts of tax evasion. Friday, April 17, 2009For a second time, the Castroneves defense team has filed a motion for a mistrial, and for a second time, Judge Donald Graham denied the request.
Tax

Snipes violated court order but gets a pass

Updated April 3, 2009 - Last July, Wesley Snipes was acquitted of the worst of the tax evasion charges against him, but was still sentenced to 36 months in prison and ordered to pay a $5 million fine. Snipes remains free on bail while he appeals the decision, but Senior U.S. District Judge William Terrell Hodges limited Snipes's foreign travel to London and Bangkok while the actor completed work on movies. In November, Snipes violated that restriction by attending a party for a resort opening in Dubai.
Tax

Bounty hunter Duane "Dog" Chapman hounded by the IRS

His accountant says it's all a matter of bad timing. Duane "Dog" Chapman is the owner of Dakine Bail Bonds in Honolulu, but is more well-known as the star of the A&E reality show, "Dog and the Bounty Hunter."According to tax liens filed at the Hawaii Bureau of Conveyances filed January 27, Chapman owes $2 million in unpaid taxes that go back as far as 2002. Not that he hasn't had his share of tax woes before...
Tax

Did golf pro Jim Thorpe slice the IRS?

Three years of unpaid taxes, from 2002, 2003, and 2004... that's the bunker Jim Thorpe finds himself stuck in. Charges were filed in an Orlando, Florida federal court accusing Thorpe of failing to pay federal taxes – amounting to $1.6 million - on income of more than $5.2 million earned during that three year period.The U.S. Attorney's office in Orlando told reporters that in addition to the $1.6 million in taxes due, Thorpe is looking at a $3.2 million fine, and a possible seven year jail term, for failing to file income tax returns and three counts of failing to pay taxes.
Tax

Castroneves court requests denied, tax trial will begin in March

Brazilian racecar driver Helio Castroneves was in court again in early February and yet another hearing will take place on February 16th. In the latest courtroom drama, Castroneves and his codefendants were hoping to derail the government's tax evasion case against them. Unfortunately for them, the federal judge wasn't buying their arguments, and the March 2nd trial will proceed as planned. Castroneves is accused of carrying out various schemes designed to evade the taxes on $5,550,000 in fees he earned for racing and for the use of his name in endorsements in 1999-2002.
Tax

Did Al Franken pay the $70,000 back taxes he owes? He's not telling

With Congress in the hands of the Democrats, we're all still waiting a final count in the close Minnesota race for the U.S. Senate seat between incumbent Norm Coleman and his challenger, Al Franken. Franken is a comedian and political commentator who travels the country making speeches and earning speaker fees. Last spring as the Senate race started to heat up... so did the news that Franken had unpaid taxes in 17 states, plus other problems.
Tax

For Daschle, it was a short drive from tax problems to political oblivion

The story is becoming sadly familiar. On January 2, 2009 Tom Daschle rushed to file amended tax returns for 2005, 2006, and 2007, and pay $128,203 in unpaid taxes plus $11,964 in interest. There was no mention of penalties. Why the rush? The 61-year-old former U.S. Senator from South Dakota was nominated to fill a post in the Obama cabinet, as the head of Health and Human Services as well as a newly created post, the head of the White House Office on Health Reform.

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Voice of the Editor

Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?
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