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

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. This recent IRS lien comes as Rose continues to angle for admittance into baseball's Hall of Fame, despite his 1989 agreement to a lifetime ban from the sport (he applied in 1997 for reinstatement, a bid that remains pending).

Mr. Rose, who spent five months in federal prison in 1990 following a guilty plea to a felony tax evasion charge, this year admitted--after repeated denials--that he bet on baseball games while managing the Cincinnati Reds.

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