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.
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.
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.
Khloe Kardashian is a star in Hollywood, but with tax authorities…not so much. On July 28th the California Franchise Tax Board filed a tax lien against Kardashian in the amount of nearly $18,500 relating to income from 2007.
Right about now, 'Rush Hour' star Chris Tucker might be feeling a bit of a squeeze in the form of a federal tax bill for nearly $12 million. And, chances are, he’s still reeling from last year’s pinch from Arnold Schwarzenegger, which seems small in comparison.
AccountingWEB appears to be developing a rogues gallery of taxation ne'er-do-wells as the same celebrities continue to make headlines. Wesley Snipes, Conrad Black, Lil Wayne, and Suge Knight are, once again, in the news.
After years of playing secret service agent James Bond in the movies, Sean Connery might be on the wrong side of the law. The latest worry for 79-year-old Connery and his wife is a tax fraud investigation involving the sale of their land in Spain.
In 2009, rapper Method Man, whose real name is Clifford Smith, was arrested on felony tax evasion charges, accused of not filing tax returns for 2004 through 2007. His defense was pretty self-incriminating.
Roberto Donna is a celebrity chef in the Washington, D.C. area, having won a James Beard Award in 1996 for his legendary restaurant, Galileo. He is looking to reopen Galileo in a new location, but authorities are telling him, "Not so fast." He can’t pass the clean-hands test.
Just before the start of this year’s French Open Tournament, news spread that Murphy Jensen, a doubles champion from the 1993 French Open, was neck deep in hot water with the Internal Revenue Service and two state tax agencies.
Poker has been good to Michael “The Grinder” Mizrachi. But his financial fortunes have hit the skids in recent months. Earlier this year, both his home and a rental property were lost to foreclosure. Then the Internal Revenue Service hit him with a tax lien for nearly $340,000.
Just when you thought he’d learned his lesson, Nicolas Cage is wrestling with more tax issues. Since late last year he had become the poster boy for celebrities who don’t pay their fair share, making headlines time after time.
Mike Farr once rode high as a member of the Detroit Lions. These days, he’s in hot water. Not only does he owe nearly $83,000 in state and federal taxes but, a few weeks ago, federal regulators put a lock on his assets after he was named in a government lawsuit.