Celebrities With Tax Problems

admin — Tue, 10 Nov 2009 20:03:19 +0000

Famous musicians, actors, and more who live life in the lime light make tons of money. These celebrities make more money than most of could ever imagine so, why is it you often here of these uber-rich celebrities falling behind on their taxes or flat out trying to avoid them? Here’s three celebs who’ve had run-ins with the I.R.S. Some of these people claim to have been out of the country and “didn’t know” they had to report their earnings. I would hope future celebs would research Income Tax for US Expats to get great help filing and reporting those big incomes.

Judy Garland
In 1964, the one-time superstar’s unsuccessful variety show, “The Judy Garland Show,” was canceled. To add fuel to her depression, she owed $4 million in back taxes to the IRS, so they repossessed her home.
Wesley Snipes
Earlier this year, the “Blade” actor was acquitted of federal tax fraud and conspiracy, but was found guilty on three misdemeanor counts of failing to file a tax return. He had faced up to 16 years in prison. According to the prosecutor, from 1999-2004, he had signed two contracts for more than $10 million that he failed to file for.
Willie Nelson
In 1990, the IRS billed Nelson for $16.7 million in back taxes. He wrote and recorded albums and sold his assets to pay them back. He was caught up by 1993, but he will not shake this on his epitaph, as this was big news at the time.

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Celebrities With Tax Problems