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	<title>IRS &#38; State Tax News, Updates, Opinion, Guidance, and More&#187; Entertainment</title>
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	<description>Get News about Filing, Settling, Paying and Resolve Federal Tax Problems</description>
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		<title>Actress Lindsay Lohan Hit with $90K IRS Tax Lien</title>
		<link>http://www.backtaxeshelp.com/tax-blog/tax-news/lindsay-lohan-tax-lien.html</link>
		<comments>http://www.backtaxeshelp.com/tax-blog/tax-news/lindsay-lohan-tax-lien.html#comments</comments>
		<pubDate>Thu, 12 Jan 2012 02:14:17 +0000</pubDate>
		<dc:creator>Kellie Marks</dc:creator>
				<category><![CDATA[Celebrities]]></category>
		<category><![CDATA[Entertainment]]></category>
		<category><![CDATA[Tax Lien]]></category>
		<category><![CDATA[Tax News]]></category>

		<guid isPermaLink="false">http://www.backtaxeshelp.com/tax-blog/?p=3349</guid>
		<description><![CDATA[As if Lindsay Lohan hasn&#8217;t had enough negative publicity lately, she has now been hit with an IRS tax lien. According to official documents filed in Los Angeles County, the actress failed to pay $93,701.57 in federal income taxes back in 2009. Sources for Lohan told TMZ that the 25-year-old had no knowledge of her [...]
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<li><a href='http://www.backtaxeshelp.com/tax-blog/tax-news/steve-austin-tax-lie.html' rel='bookmark' title='Steve Austin Slapped with Tax Lien for Back Taxes'>Steve Austin Slapped with Tax Lien for Back Taxes</a></li>
<li><a href='http://www.backtaxeshelp.com/tax-blog/tax-news/jermaine-dupri-taxes.html' rel='bookmark' title='Paying Double on a Tax Lien Ain&#8217;t a Thang for Jermaine Dupri'>Paying Double on a Tax Lien Ain&#8217;t a Thang for Jermaine Dupri</a></li>
</ol>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2012/01/lindsay-lohan-tax-lien.jpg"><img class="alignright size-full wp-image-3350" style="margin: 0px 0px 10px 10px;" title="lindsay-lohan-tax-lien" src="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2012/01/lindsay-lohan-tax-lien.jpg" alt="" width="200" height="144" /></a>As if Lindsay Lohan hasn&#8217;t had enough negative publicity lately, she has now been hit with an <a href="http://www.backtaxeshelp.com/faq/what-if-receive-notice-of-federal-tax-lien.html" target="_self">IRS tax lien</a>. According to official documents filed in Los Angeles County, the actress failed to pay $93,701.57 in federal income taxes back in 2009.</p>
<p>Sources for Lohan <a href="http://www.tmz.com/2012/01/11/lindsay-lohan-tax-lien-payback-accountants/" target="_blank">told TMZ</a> that the 25-year-old had no knowledge of her outstanding tax bill, as she assumed that her finances were being handled by her accountants.</p>
<p>Those sources also explained that the unpaid taxes may have been a result of the <em>Mean Girls</em> star&#8217;s recent overhaul of her business team, and made assurances that the issue would be resolved immediately.</p>
<p><span id="more-3349"></span><br />
If Lindsay doesn&#8217;t settle her hefty back tax bill, however, the federal government can file a <a href="http://www.backtaxeshelp.com/Tax_Levy/">tax levy</a> against her as part of it&#8217;s standard collection process. For Lohan, this could mean <a href="http://www.backtaxeshelp.com/Tax_Levy/Property_Seizure.html">asset seizure</a> &#8211; whereby the IRS can take her property, including homes, cars or jewelry &#8211; or the more likely scenario of having a <a href="http://www.backtaxeshelp.com/Tax_Levy/Bank_Levy.html">bank levy</a> placed on her bank accounts.</p>
<p>Although 2009 was not a particularly lucrative year for the actress, paying off her delinquent taxes should not be an issue since she recently received almost $1 million to pose for <em>Playboy</em>.</p>
<p>According to E! News, she is also in talks to star as Elizabeth Taylor in a Lifetime movie, <em>Elizabeth &amp; Richard: A Love Story</em>.</p>
<p>Lindsay, who first gained fame as a child star and had leading roles in such films as <em>Freaky Friday</em> and <em>Herbie: Fully Loaded</em>, is no stranger to notoriety and legal struggles. Since 2007, she has had two DUIs and three stints in rehab. Subsequently, she was rumored to have been passed over for movie roles when she was deemed uninsurable by producers. Additionally, on Tuesday &#8211; the same day that TMZ first reported the tax lien filed against Lohan &#8211; a paparazzo filed suit against the actress, alleging that she was in a car that he claims struck him last January in Hollywood.</p>
<p>It also appears that tax troubles may run in the Lohan family; Lindsay&#8217;s father, Michael Lohan, made our list of the <a href="http://www.backtaxeshelp.com/tax-blog/tax-news/2010-celebrity-tax-problems-evasions.html">top 100 celebrities with tax problems in 2010</a>.</p>
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<li><a href='http://www.backtaxeshelp.com/tax-blog/tax-news/steve-austin-tax-lie.html' rel='bookmark' title='Steve Austin Slapped with Tax Lien for Back Taxes'>Steve Austin Slapped with Tax Lien for Back Taxes</a></li>
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</ol></p>]]></content:encoded>
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		</item>
		<item>
		<title>Paying Double on a Tax Lien Ain&#8217;t a Thang for Jermaine Dupri</title>
		<link>http://www.backtaxeshelp.com/tax-blog/tax-news/jermaine-dupri-taxes.html</link>
		<comments>http://www.backtaxeshelp.com/tax-blog/tax-news/jermaine-dupri-taxes.html#comments</comments>
		<pubDate>Thu, 12 Jan 2012 00:26:10 +0000</pubDate>
		<dc:creator>Kellie Marks</dc:creator>
				<category><![CDATA[Celebrities]]></category>
		<category><![CDATA[Entertainment]]></category>
		<category><![CDATA[Tax News]]></category>

		<guid isPermaLink="false">http://www.backtaxeshelp.com/tax-blog/?p=3341</guid>
		<description><![CDATA[Record producer, songwriter and rapper Jermaine Dupri (also known as &#8220;JD&#8221;) has finally paid off his back taxes from 2007 &#8211; but at a cost nearly twice the amount of the initial tax lien filed against him, according to TMZ. JD&#8217;s original tax bill totaled $254,782.64. However, Georgia records show that late fees, penalties and [...]
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<li><a href='http://www.backtaxeshelp.com/tax-blog/tax-news/casey-anthony-federal-tax-lien.html' rel='bookmark' title='Casey Anthony Hit With Federal Tax Lien Days Before Her Murder Trial'>Casey Anthony Hit With Federal Tax Lien Days Before Her Murder Trial</a></li>
<li><a href='http://www.backtaxeshelp.com/tax-blog/tax-news/lindsay-lohan-tax-lien.html' rel='bookmark' title='Actress Lindsay Lohan Hit with $90K IRS Tax Lien'>Actress Lindsay Lohan Hit with $90K IRS Tax Lien</a></li>
<li><a href='http://www.backtaxeshelp.com/tax-blog/celebrities/bow-wow-tax-lien.html' rel='bookmark' title='Another Rapper in the IRS Doghouse? Bow Wow Hit With Tax Lien'>Another Rapper in the IRS Doghouse? Bow Wow Hit With Tax Lien</a></li>
</ol>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2012/01/Jermaine-Dupri-Double-Tax-Lien.jpg"><img class="alignright size-full wp-image-3326" style="margin: 0px 0px 10px 8px;" title="Jermaine-Dupri-Double-Tax-Lien" src="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2012/01/Jermaine-Dupri-Double-Tax-Lien.jpg" alt="Jermaine Dupri Settles Tax Lien" width="200" height="142" /></a>Record producer, songwriter and rapper Jermaine Dupri (also known as &#8220;JD&#8221;) has finally paid off his back taxes from 2007 &#8211; but at a cost nearly twice the amount of the initial <a title="tax lien" href="http://www.backtaxeshelp.com/Tax_Lien.html">tax lien</a> filed against him, according to TMZ.</p>
<p>JD&#8217;s original tax bill totaled $254,782.64. However, Georgia records show that <a title="late fees, penalties and interest" href="http://www.backtaxeshelp.com/Penalties_and_Interest.html">late fees, penalties and interest</a> &#8211; including $91,721.75 in associated interest, $64,969.57 in penalties, a $82,294.79 collection fee, and $50 in miscellaneous fees &#8211; were added to the principle amount owed, creating a new grand total of $493,818.75.<br />
<span id="more-3341"></span></p>
<p>Dupri, who founded record label So-So Def Records, also made our list of top <a href="http://www.backtaxeshelp.com/tax-blog/celebrities/100-celebrities-with-back-tax-problems-in-2009.html">100 Celebrities With Back Tax Problems in 2009</a>. He has produced albums for artists like Usher, Destiny&#8217;s Child and Mariah Carey, and dated Janet Jackson off and on since 2001.</p>
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<li><a href='http://www.backtaxeshelp.com/tax-blog/tax-news/casey-anthony-federal-tax-lien.html' rel='bookmark' title='Casey Anthony Hit With Federal Tax Lien Days Before Her Murder Trial'>Casey Anthony Hit With Federal Tax Lien Days Before Her Murder Trial</a></li>
<li><a href='http://www.backtaxeshelp.com/tax-blog/tax-news/lindsay-lohan-tax-lien.html' rel='bookmark' title='Actress Lindsay Lohan Hit with $90K IRS Tax Lien'>Actress Lindsay Lohan Hit with $90K IRS Tax Lien</a></li>
<li><a href='http://www.backtaxeshelp.com/tax-blog/celebrities/bow-wow-tax-lien.html' rel='bookmark' title='Another Rapper in the IRS Doghouse? Bow Wow Hit With Tax Lien'>Another Rapper in the IRS Doghouse? Bow Wow Hit With Tax Lien</a></li>
</ol></p>]]></content:encoded>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Another Rapper in the IRS Doghouse? Bow Wow Hit With Tax Lien</title>
		<link>http://www.backtaxeshelp.com/tax-blog/celebrities/bow-wow-tax-lien.html</link>
		<comments>http://www.backtaxeshelp.com/tax-blog/celebrities/bow-wow-tax-lien.html#comments</comments>
		<pubDate>Tue, 29 Nov 2011 16:14:55 +0000</pubDate>
		<dc:creator>Kellie Marks</dc:creator>
				<category><![CDATA[Celebrities]]></category>
		<category><![CDATA[Entertainment]]></category>
		<category><![CDATA[Tax Lien]]></category>

		<guid isPermaLink="false">http://www.backtaxeshelp.com/tax-blog/?p=3174</guid>
		<description><![CDATA[The IRS has reportedly filed a tax lien against rapper Bow Wow in the state of Florida. According to TMZ, the 24-year-old, whose real name is Shad Gregory Moss, owes $91,105.61 in unpaid taxes from 2006. Bow Wow, who has been criticized lately for pushing back the release of his upcoming album, Underrated, claims that [...]
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<li><a href='http://www.backtaxeshelp.com/tax-blog/tax-news/lindsay-lohan-tax-lien.html' rel='bookmark' title='Actress Lindsay Lohan Hit with $90K IRS Tax Lien'>Actress Lindsay Lohan Hit with $90K IRS Tax Lien</a></li>
<li><a href='http://www.backtaxeshelp.com/tax-blog/tax-news/rapper-mc-hammer-gets-hammered-with-671k-in-back-taxes.html' rel='bookmark' title='Rapper MC Hammer Gets Hammered with $671K in Back Taxes'>Rapper MC Hammer Gets Hammered with $671K in Back Taxes</a></li>
<li><a href='http://www.backtaxeshelp.com/tax-blog/tax-news/jermaine-dupri-taxes.html' rel='bookmark' title='Paying Double on a Tax Lien Ain&#8217;t a Thang for Jermaine Dupri'>Paying Double on a Tax Lien Ain&#8217;t a Thang for Jermaine Dupri</a></li>
</ol>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2011/11/Bow-Wow-Tax-Lien.jpg"><img class="alignright size-full wp-image-3175" style="margin: 0px 0px 10px 8px;" title="Bow Wow Tax Lien" src="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2011/11/Bow-Wow-Tax-Lien.jpg" alt="IRS Tax Lien" width="200" height="200" /></a>The IRS has reportedly filed a tax lien against rapper Bow Wow in the state of Florida.</p>
<p>According to TMZ, the 24-year-old, whose real name is Shad Gregory Moss, owes $91,105.61 in unpaid taxes from 2006.</p>
<p>Bow Wow, who has been criticized lately for pushing back the release of his upcoming album, <em>Underrated</em>, claims that the tax lien story is untrue, <a href="http://bowwowunderrated.blogspot.com/2011/11/underrated-album-whats-hold-up.html?spref=tw">posting on his blog</a> that &#8220;TMZ saying they are about to runa story on me thats once again &#8220;Not True&#8221; as im sitting in my beautiful condo as of RIGHT NOW that they said i dont have anymore.&#8221;</p>
<p>It&#8217;s possible that the rapper doesn&#8217;t quite <a title="understand exactly what a tax lien is" href="http://www.backtaxeshelp.com/Tax_Lien.html">understand what a tax lien is</a>.<span id="more-3174"></span> A tax lien is the government’s claim to a delinquent taxpayer&#8217;s assets – not the actual seizure of assets to satisfy owed taxes. Since no actual collection actions are being taken and he&#8217;s still residing in his condo, Bow Wow may not even realize that the IRS has filed this lien against him.</p>
<p>Bow Wow joins a long list of rappers who&#8217;ve faced tax-related controversy in recent years, including <a href="http://www.backtaxeshelp.com/tax-blog/tax-news/ja-rule-tax-evasion.html">Ja Rule</a>, Snoop Dogg, Young Buck, <a href="http://www.backtaxeshelp.com/tax-blog/tax-news/three-artists-who-cannot-seem-to-rap-up-their-back-tax-issues.html">Method Man, Swizz Beatz, Fat Joe</a>, Trick Daddy, Obie Trice, <a href="http://www.backtaxeshelp.com/tax-blog/tax-news/wait-theres-more-four-additional-rappers-to-add-to-our-back-tax-list.html">Lil Wayne, Chamillionaire, DMX, Nas</a>, Beanie Sigel and Doug E Fresh.</p>
<p>Regardless of whether or not the tax lien against Bow Wow exists, we sure hope that he has a qualified tax professional on his side to help him sort things out.</p>
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<li><a href='http://www.backtaxeshelp.com/tax-blog/tax-news/lindsay-lohan-tax-lien.html' rel='bookmark' title='Actress Lindsay Lohan Hit with $90K IRS Tax Lien'>Actress Lindsay Lohan Hit with $90K IRS Tax Lien</a></li>
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</ol></p>]]></content:encoded>
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		</item>
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		<title>Kelly Monaco the Latest Tax-Troubled DWTS Alumn</title>
		<link>http://www.backtaxeshelp.com/tax-blog/celebrities/kellymonacotaxlien.html</link>
		<comments>http://www.backtaxeshelp.com/tax-blog/celebrities/kellymonacotaxlien.html#comments</comments>
		<pubDate>Thu, 22 Sep 2011 19:07:38 +0000</pubDate>
		<dc:creator>Manny Davis</dc:creator>
				<category><![CDATA[Celebrities]]></category>
		<category><![CDATA[Entertainment]]></category>
		<category><![CDATA[Tax Lien]]></category>

		<guid isPermaLink="false">http://www.backtaxeshelp.com/tax-blog/?p=2985</guid>
		<description><![CDATA[It’s becoming a question of whether celebs go on the hit ABC show Dancing with the Stars because they are struggling financially, or if the stars’ tax woes arise as part of some sort of DWTS curse. According to The Detroit News, Kelly Monaco is the latest Dancing with the Stars alumn to have a tax [...]
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<li><a href='http://www.backtaxeshelp.com/tax-blog/tax-news/macy-gray.html' rel='bookmark' title='Macy Gray Owes Over $50K in Back Taxes'>Macy Gray Owes Over $50K in Back Taxes</a></li>
</ol>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2011/09/Kelly-Monaco-DWTS-Tax-Lien.jpeg"><img class="alignright size-full wp-image-3006" style="margin: 0px 0px 10px 10px;" title="Kelly-Monaco-DWTS-Tax-Lien" src="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2011/09/Kelly-Monaco-DWTS-Tax-Lien.jpeg" alt="Kelly Monaco IRS Tax Lien" width="200" height="168" /></a>It’s becoming a question of whether celebs go on the hit ABC show <em>Dancing with the Stars</em> because they are struggling financially, or if the stars’ tax woes arise as part of some sort of <em>DWTS</em> curse.</p>
<p>According to <em>The Detroit News</em>, Kelly Monaco is the latest <em>Dancing with the Stars</em> alumn to have a tax problem made public, as the IRS filed a lien with the LA County Recorder of Deeds earlier this month against the Playboy model for failing to pay $67,817 in federal taxes.</p>
<p><span id="more-2985"></span></p>
<p>The <em>General Hospital</em> actress, who was the very first champion of <em>DWTS</em>, joins the growing list of former <em>Dancing with the Stars</em> contestants who’ve had IRS run-ins, including <a href="http://www.backtaxeshelp.com/tax-blog/tax-news/kelly-osbourne-tax-problem-owes-irs-35k.html" target="_self">Kelly Osbourne</a>, <a href="http://www.backtaxeshelp.com/tax-blog/tax-news/macy-gray.html" target="_self">Macy Gray</a>, <a href="http://www.backtaxeshelp.com/tax-blog/tax-news/2010-celebrity-tax-problems-evasions.html" target="_self">Toni Braxton</a>, <a href="http://www.backtaxeshelp.com/tax-blog/celebrities/100-celebrities-with-back-tax-problems-in-2009.html" target="_self">Lil Kim</a>, Chynna Phillips (of Wilson Phillips), <a href="http://www.backtaxeshelp.com/tax-blog/tax-news/2010-celebrity-tax-problems-evasions.html" target="_self">Shannen Doherty</a>, Jodie Sweetin, <a href="http://www.backtaxeshelp.com/tax-blog/celebrities/aaron-carter-owes-over-1-million-in-irs-back-taxes.html" target="_self">Aaron Carter</a> and Debi Mazar.</p>
<p>Hopefully, the 35-year-old Monaco will be able to pay her back taxes with the profit that she makes from her new E! reality show, <em>Dirty Soap</em>, which premiers this Sunday.</p>
<p><iframe src="http://www.youtube.com/embed/hTQqw3YVLd0" frameborder="0" width="420" height="315"></iframe></p>
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</ol></p>]]></content:encoded>
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		<title>America&#8217;s Got Talent $1,000,000 Prize&#8230; But How Much After Taxes?</title>
		<link>http://www.backtaxeshelp.com/tax-blog/tax-news/americas-got-talent-prize.html</link>
		<comments>http://www.backtaxeshelp.com/tax-blog/tax-news/americas-got-talent-prize.html#comments</comments>
		<pubDate>Tue, 13 Sep 2011 23:32:05 +0000</pubDate>
		<dc:creator>Ryan Parker</dc:creator>
				<category><![CDATA[Celebrities]]></category>
		<category><![CDATA[Entertainment]]></category>
		<category><![CDATA[Tax News]]></category>

		<guid isPermaLink="false">http://www.backtaxeshelp.com/tax-blog/?p=2946</guid>
		<description><![CDATA[One million dollars! Its a sexy number. $1,000,000. It&#8217;s nice to look at. It&#8217;s fun to say. America is gearing up to crown its latest member to the esteemed millionaire club on the Wednesday night season finale of America&#8217;s Got Talent. That is, if we are to believe what the promotions are telling us. But [...]
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</ol>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2011/09/americas-got-talent-million.jpg"><img class="alignright size-full wp-image-2947" style="margin: 0px 0px 10px 10px;" title="americas-got-talent-million" src="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2011/09/americas-got-talent-million.jpg" alt="america's got talent winner prize" width="250" height="105" /></a>One million dollars! Its a sexy number. $1,000,000. It&#8217;s nice to look at. It&#8217;s fun to say. America is gearing up to crown its latest member to the esteemed millionaire club on the Wednesday night season finale of America&#8217;s Got Talent. That is, if we are to believe what the promotions are telling us. But what about taxes? How much money are the final four acts really set to take home if they win the grand prize? What other fine print is in play?</p>
<p><span id="more-2946"></span></p>
<p><a href="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2011/09/Murphy-Jr.jpg"><img class="alignleft size-full wp-image-2950" style="margin-top: 2px; margin-bottom: 5px; margin-left: 5px; margin-right: 8px;" title="Murphy Jr" src="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2011/09/Murphy-Jr.jpg" alt="Landau Eugene Murphy prize" width="150" height="121" /></a>Landau Eugene Murphy Jr is the ultimate potential rags to riches story. A hard working professional car washer from a small town in West Virginia the idea of him joining elusive millionaire club seems hard to believe. It would be a great story if the cornrowed crooner took home the grand prize, but how much would he actually win?</p>
<p>From the IRS&#8217;s point of view the tax rules on prize winnings are very simple. If you win a prize in a lucky number drawing, television or radio quiz program, beauty contest or other event you must include it in your income.  Landau&#8217;s potential one million dollar payday would be no exception. Landau would land himself in the same tax bracket as America&#8217;s billionaires (35%) and would face a hefty tax bill of roughly $302,000 dollars when he filed his taxes. His status as a millionaire would be revoked just as fast as it was given to him. That&#8217;s not all for our friend Landau, West Virginia wants a piece of that pie as well and after they get their roughly 6% cut of the action, Landau is staring at another tax bill of around $64,000 dollars. Landau, America&#8217;s newest millionaire would actually be nearly $366,000 short of the title.</p>
<p>If that&#8217;s not enough, America&#8217;s Got Talent isn&#8217;t really offering up a one million dollar check next Wednesday but they are paying out the equivalent of 1 million dollars. As the very fine print at the end of each episode reminds us “The prize, which totals $1,000,000, is payable in a financial annuity over 40 years, or the contestant may choose to receive the present cash value of such annuity.&#8221; In other words, Landau is going to have to wait 40 years to get that million dollar payday and its going to be paid out in mere $25,000 increments. While taking the cash in installments would lessen the taxes he ultimately paid on his winnings, Landau wouldn&#8217;t be retiring from his car washing job any time soon with only an extra $25,000 coming in a year. Landau&#8217;s second option would be to take the present day cash value of such an annuity which is estimated to be around $450,000 before taxes. After cutting a income tax check to the IRS ($125,000) and West Virginia ($28,000) Landau, America&#8217;s newest “millionaire” would take home $297,000. Nothing to scoff at but a far cry from the million dollars number that the producers would like us to believe.</p>
<p><a href="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2011/09/poplyfe.jpg"><img class="alignleft size-full wp-image-2951" style="margin-top: 2px; margin-bottom: 5px; margin-left: 5px; margin-right: 8px;" title="poplyfe" src="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2011/09/poplyfe.jpg" alt="poplyfe america's got talent" width="150" height="105" /></a>Landau actually has the most to potentially gain by winning the grand prize in comparison to the other finalists. As a one man act he does not have to share his potential prize winnings with anybody. The 6 member young crew of musicians encompassing PopLyfe would end up with a healthy college fund if they won the grand prize. Each member&#8217;s claim to the $450,000 present cash value payment would be $75,000. Minor children are taxed on their winnings just like their adult counterparts and PopLyfe members $75,000 share would shrink to around $63,000 after a $12,000 cut by the IRS. Not to be outdone by West Virginia, California would tax their winnings at a 9% clip to the tune of roughly $6,600 dollars. $56,400 would be a nice cushion for each of these young musicians to start the rest of their lives, but pales in the comparison to the much discussed million dollar prize.</p>
<p><a href="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2011/09/bg-team-iluminate-et.jpg"><img class="alignleft size-full wp-image-2952" style="margin-top: 2px; margin-bottom: 5px; margin-left: 5px; margin-right: 8px;" title="bg-team-iluminate-et" src="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2011/09/bg-team-iluminate-et.jpg" alt="team iluminate" width="150" height="95" /></a>One of the two super acts, the two favorites to ultimately take home the grand prize also would suffer a similar fate. The 11 member brilliant dance team light show act “Team Iluminate” are vying for a $41,000 grand prize before taxes each when their shares of the $450,000 are divvied up. Federal taxes ($5,700) would chop down that $41,000 to around $35,300 and since the members of the group reside in different states they can be hit with an additional state tax as high as $2,300 (New York). Team Iluminate members are each gunning for the equivalent to a new car, not a million dollars.</p>
<p><a href="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2011/09/silhouettes-americas-got-talent.jpg"><img class="alignleft size-full wp-image-2953" style="margin-top: 2px; margin-bottom: 5px; margin-left: 5px; margin-right: 8px;" title="silhouettes-americas-got-talent" src="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2011/09/silhouettes-americas-got-talent.jpg" alt="silhouettes america's got talent prize" width="150" height="108" /></a>The final potential “million dollar” winner of America&#8217;s Got Talent is the “Silhouettes”, a 42! member ballet dance team that uses shadows to create beautiful imagery. While their size helps fill a stage and mesmerize an audience it also cuts into their individual prize winnings. The 42 members of the Silhouettes each have a claim on roughly $11,000 of current prize money or if they opt for the installment payments they would receive a check for about $600 a year for 40 years. The only good news for them is that the tax man is more generous to those with the least. The IRS would want roughly $500 dollars for their troubles and the Colorado tax department would want another $500 more. $10,000 might make a good down payment for a new car, but isn&#8217;t going to change anybody&#8217;s life.</p>
<p>Of course these numbers are simply approximations. Landau is actually married and his wife&#8217;s income and the number of children he has would also pay a role in determinnig his tax liability.  The group acts may have a higher % payout agreed upon among themselves for the main choreographers of their acts.  The head of Team Iluminate is a successful software engineer in New York and may already be in a higher tax bracket for the year.  With so many moveable parts in the average tax return and information unknown to us its hard to pinpoint an exact figure of tax owed. With that being said, we can get pretty close.</p>
<p>It&#8217;s disingenuous for the media to hype up a life changing million dollar prize that is just an illusion for the talent on the stage. The real award and grand prize of this show is the unrivaled exposure that has occurred which is worth more than a million dollars. Taxes and fine print leave the various acts with at most $297,000 today or as little as $600 a year for 40 years. The increase of earning power of the talent involved on the show due to the exposure of the show is life changing, not the financial grand prize itself.</p>
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		<title>Jennifer Lopez&#8217;s Booty Targeted Again</title>
		<link>http://www.backtaxeshelp.com/tax-blog/tax-news/jennifer-lopezs-booty-targeted-again.html</link>
		<comments>http://www.backtaxeshelp.com/tax-blog/tax-news/jennifer-lopezs-booty-targeted-again.html#comments</comments>
		<pubDate>Mon, 17 Jan 2011 23:42:22 +0000</pubDate>
		<dc:creator>Manny Davis</dc:creator>
				<category><![CDATA[Celebrities]]></category>
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		<guid isPermaLink="false">http://www.backtaxeshelp.com/tax-blog/?p=2160</guid>
		<description><![CDATA[Jennifer Lopez and ex husband Ojani Noa are at it again, and this time, the IRS is getting involved.
No related posts.]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2011/01/jlo.jpg"><img class="alignright size-full wp-image-2162" title="jlo" src="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2011/01/jlo.jpg" alt="" width="150" height="187" /></a>Jennifer Lopez is hitting the headlines again- but this time her booty is not the subject, er, well maybe it is.  Just a different booty &#8211; J. Lo&#8217;s fortune and her complications with the IRS. A recent report by Radaronline.com reveals that our beloved triple threat Jennifer Lopez and former beau Ojani Noa are under IRS investigation, and I’ve got a feeling Jlo wont be singing “aint it funny” about this one. Why? Well her ex husband Noa is taking the spotlight with IRS questions and concerns about J. Lo&#8217;s payments towards him. On October 7th of 2010, Noa was specifically questioned about a 1099 form that J. Lo apparently submitted to him. The form, meant to report income, was a result of the agreement between J. Lo and Noa concerning Madre&#8217;s, J. Lo’s restaurant. The discrepancy resulted from an IRS claim that J. Lo paid more than double of what Noa had reported.</p>
<p><span id="more-2160"></span></p>
<p>We all know Jenny from the Block is long gone, so why would J. Lo short Noa of the cash? According to Ed Meyer, Noa’s representative, Noa’s never even received a 1099 form from J. Lo, but simply reported the payments as his only form on income for the year. Furthermore, Meyer claims that Noa reported all payments efficiently and accurately &#8211; that any mistake must have resulted from actions on J. Lo’s end.</p>
<p>With the mystery still unsolved, one thing is for sure &#8211; Noa and J. Lo have had their fair share of problems since their divorce, and it seems to us that this escapade is long from being over.</p>
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		<title>Teresa Not the Only Housewife with Real Money Issues</title>
		<link>http://www.backtaxeshelp.com/tax-blog/tax-news/teresa-not-the-only-housewife-with-real-money-issues.html</link>
		<comments>http://www.backtaxeshelp.com/tax-blog/tax-news/teresa-not-the-only-housewife-with-real-money-issues.html#comments</comments>
		<pubDate>Wed, 30 Jun 2010 14:00:01 +0000</pubDate>
		<dc:creator>Manny Davis</dc:creator>
				<category><![CDATA[Celebrities]]></category>
		<category><![CDATA[Entertainment]]></category>
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		<guid isPermaLink="false">http://www.backtaxeshelp.com/tax-blog/?p=1654</guid>
		<description><![CDATA[As headlines regarding New Jersey Housewife Teresa Giudice&#8217;s $11 million debt and bankruptcy filing  surface newspapers, magazines, and blogs alike, America is beginning to realize that financial hardship can face anyone- regardless of social status. And, while the focus seems to lie solely on Teresa&#8217;s &#8220;breaking news,&#8221; turns out that she may not be the [...]
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<li><a href='http://www.backtaxeshelp.com/tax-blog/celebrities/strawberry-owes-back-taxes.html' rel='bookmark' title='Darryl Strawberry Owes More Than $500K in Back Taxes'>Darryl Strawberry Owes More Than $500K in Back Taxes</a></li>
</ol>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2010/06/real-housewives-jersey.jpg"><img class="alignright size-full wp-image-1662" style="margin-left: 5px; margin-right: 5px;" title="real-housewives-jersey" src="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2010/06/real-housewives-jersey.jpg" alt="" width="150" height="83" /></a>As headlines regarding New Jersey Housewife Teresa Giudice&#8217;s $11 million debt and <a href="http://www.backtaxeshelp.com/Declaring_Bankruptcy_IRS_Tax_Debt.html">bankruptcy</a> filing  surface newspapers, magazines, and blogs alike, America is beginning to realize that financial hardship can face anyone- regardless of social status. And, while the focus seems to lie solely on Teresa&#8217;s &#8220;breaking news,&#8221; turns out that she may not be the only housewife with financial issues. In fact, each and every New Jersey Housewife has reportedly faced monetary problems- maybe it is something in the water over there?</p>
<p><span id="more-1654"></span></p>
<p>Danielle Staub, the reality show&#8217;s &#8220;cast out&#8221; often attacked for viscous and rude behavior, has also been targeted by a group a little different than her fellow Housewives- The IRS. In March of 2006, Danielle reportedly had a $111,161 <a href="http://www.backtaxeshelp.com/Tax_Lien.html">tax lien</a> filed against her. And, just one year later in 2007, faced yet another lien. Perhaps Danielle should concentrate more on paying the IRS, rather than her plastic surgeon.</p>
<p>Caroline Manzo, contrasting Danielle as the sweet, mother-like figure of the wives, has also shown signs of monetary issues. On the surface, Caroline appears to be one of the most well off of the bunch, owning Jersey&#8217;s prestigious Brownstone event facility among other valuable assets. However, Caroline&#8217;s assets, including the infamous  Brownstone, have faced numerous judgments and liens against them, with the number currently standing at over thirty, since 1990.</p>
<p>For Housewife Dina Manzo, excessive spending on the Real Housewives series apparently was just not good enough. Thomas Manzo, Dina Manzo&#8217;s hubby, was allegedly sued by American Express for $12,599, following the couples lavish wedding featured on VH1&#8242;s <em>My Big Fat Fabulous Wedding</em> show.</p>
<p>Finally, housewife Jacqueline Laurita has demonstrated an inability ward off financial issues, too. Jacqueline and husband Chris have been unable to pay off their loans, recently filing  for liquidation under Chapter Seven in a U.S. Bankruptcy Court. Hey, at this rate, the court could be the wives&#8217; all new hangout.</p>
<p>So, there you have it, five for five of the New Jersey housewives, famous for their extravagant and excessive lifestyles, may actually be less well off than the average Joe- or Josephine, if we are trying to stay in wife theme here. So what happens next? Perhaps the show will undergo a dramatic transformation and name change- The Real Workingwives of New Jersey? Doesn&#8217;t seem to have quite the ring to it. But who knows, anything seems to be possible with this bunch.</p>
<p><object width="500" height="405" classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube.com/v/lcdcGvXg6CE&amp;hl=en_US&amp;fs=1&amp;color1=0xcc2550&amp;color2=0xe87a9f&amp;border=1" /><param name="allowfullscreen" value="true" /><embed width="500" height="405" type="application/x-shockwave-flash" src="http://www.youtube.com/v/lcdcGvXg6CE&amp;hl=en_US&amp;fs=1&amp;color1=0xcc2550&amp;color2=0xe87a9f&amp;border=1" allowFullScreen="true" allowscriptaccess="always" allowfullscreen="true" /></object></p>
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		<title>IRS to ‘strip’ Hatch of Survivor Earnings, and Then Some</title>
		<link>http://www.backtaxeshelp.com/tax-blog/tax-news/irs-to-strip-hatch.html</link>
		<comments>http://www.backtaxeshelp.com/tax-blog/tax-news/irs-to-strip-hatch.html#comments</comments>
		<pubDate>Wed, 16 Jun 2010 18:52:12 +0000</pubDate>
		<dc:creator>Manny Davis</dc:creator>
				<category><![CDATA[Celebrities]]></category>
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		<category><![CDATA[Richard Hatch]]></category>
		<category><![CDATA[Survivor]]></category>

		<guid isPermaLink="false">http://www.backtaxeshelp.com/tax-blog/?p=1510</guid>
		<description><![CDATA[Richard Hatch, most well known for his overconfident, arrogant, and extreme antics in scoring him the winning title on America’s first ever TV series of Survivor, has done it again. This time, the case seems to stem far from our Survivor winning $1 million, with Hatch actually owing the IRS more than $1 million in [...]
Related posts:<ol>
<li><a href='http://www.backtaxeshelp.com/tax-blog/tax-news/teresa-not-the-only-housewife-with-real-money-issues.html' rel='bookmark' title='Teresa Not the Only Housewife with Real Money Issues'>Teresa Not the Only Housewife with Real Money Issues</a></li>
</ol>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2010/06/richard.jpg"><img class="alignright size-full wp-image-1535" style="margin-left: 5px; margin-right: 5px;" title="richard" src="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2010/06/richard.jpg" alt="" width="150" height="149" /></a>Richard Hatch, most well known for his overconfident, arrogant, and extreme antics in scoring him the winning title on America’s first ever TV series of <em>Survivor</em>, has done it again. This time, the case seems to stem far from our Survivor winning $1 million, with Hatch actually owing the IRS more than $1 million in federal income <a href="http://www.backtaxeshelp.com/">back taxes</a>.</p>
<p><span id="more-1510"></span></p>
<p>Before appearing on <em>Survivor</em>, Hatch lived a modest lifestyle, holding jobs from car sales to bartending to pay off the bills. Hatch even served in the military for five years, but apparently his proclaimed self discipline and restraint skills only served him well for so long. Reportedly, The IRS filed a $1,742,711 <span style="text-decoration: underline;"><a href="../../Tax_Lien.html">tax lien</a></span> against Hatch earlier this year, with tax debts reaching as far back as 2000; the very year he won the title of <em>Survivor</em>.</p>
<p>And this isn&#8217;t the first time. In January of 2005, the US Attorney&#8217;s Office filed a claim against the Survivor for failing to report his winnings received on the final show- perhaps he thought they missed that episode? As if this wasn&#8217;t bad enough, Hatch continued to inaccurately record even more post show earnings, such as the $321,000 he received from his appearance on the WQSX-FM radio show in Boston later that year.</p>
<p>Initial charges against Hatch were lenient, with agreements arranged after a guilty plea on his behalf.  However, Hatch shortly thereafter pulled out of the arrangement, only to stir up more trouble.</p>
<p>For some reason, I don’t think that the IRS will be so prone to allowing Hatch to run away with the money as his fellow contestants were, but I guess we’ll just have to wait and see.</p>
<p style="text-align: center;"><object width="500" height="405" classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube.com/v/hOf8mWhV658&amp;hl=en_US&amp;fs=1&amp;color1=0x3a3a3a&amp;color2=0x999999&amp;border=1" /><param name="allowfullscreen" value="true" /><embed width="500" height="405" type="application/x-shockwave-flash" src="http://www.youtube.com/v/hOf8mWhV658&amp;hl=en_US&amp;fs=1&amp;color1=0x3a3a3a&amp;color2=0x999999&amp;border=1" allowFullScreen="true" allowscriptaccess="always" allowfullscreen="true" /></object></p>
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<li><a href='http://www.backtaxeshelp.com/tax-blog/tax-news/teresa-not-the-only-housewife-with-real-money-issues.html' rel='bookmark' title='Teresa Not the Only Housewife with Real Money Issues'>Teresa Not the Only Housewife with Real Money Issues</a></li>
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		<title>Sinbad Owes Over $8 Million in Back Taxes</title>
		<link>http://www.backtaxeshelp.com/tax-blog/tax-news/sinbad-owes-over-8-million-in-back-taxes.html</link>
		<comments>http://www.backtaxeshelp.com/tax-blog/tax-news/sinbad-owes-over-8-million-in-back-taxes.html#comments</comments>
		<pubDate>Sat, 19 Dec 2009 19:04:07 +0000</pubDate>
		<dc:creator>Manny Davis</dc:creator>
				<category><![CDATA[Celebrities]]></category>
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		<category><![CDATA[back taxes]]></category>
		<category><![CDATA[federal back taxes]]></category>
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		<description><![CDATA[Sinbad (David Adkins), known for being a stand up comedian and actor, is having some serious financial problems. On December 11th Sinbad filed for chapter 7 bankruptcy and reported that he had between $11 million and $49 million in liabilities. Of those liabilities it is reported that he owed $8.2 Million in Federal back taxes. [...]
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			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-705" style="margin: 1px 4px;" title="sinbad-back-taxes" src="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2009/12/sinbad-back-taxes.jpg" alt="sinbad-back-taxes" width="150" height="135" />Sinbad (David Adkins), known for being a stand up comedian and actor, is having some serious financial problems. On December 11th Sinbad filed for chapter 7 bankruptcy and reported that he had between $11 million and $49 million in liabilities. Of those liabilities it is reported that he owed $8.2 Million in <a href="http://www.backtaxeshelp.com/">Federal back taxes</a>.<br /><span id="more-704"></span>
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<p>Sinbad has had several tax liens placed on his assets for taxes he has owed since 1998. The IRS wants to begin to levy Sinbad&#8217;s assets but it seems he is doing a good job at keeping assets out of his name in order to prevent this. <!--more-->One example is a $1.5 million home in California that is registered under his brother&#8217;s name, but all payments made towards the home are made by Sinbad&#8217;s company or his own personal checks.</p>
<p>Look for more updates on this actor because there seems to be some fishy situations going on here and owing this much in federal back taxes will not be overlooked or taken lightly. The IRS is known for making examples out of famous people in order to scare others into paying their taxes. This possibly could be one of those cases.</p>
<p><strong>Sinbad Stand-up Comedy</strong><br />
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		<title>Michael Phelps Owes $23K in Back Taxes</title>
		<link>http://www.backtaxeshelp.com/tax-blog/celebrities/michael-phelps-owes-23-thousand-in-back-taxes.html</link>
		<comments>http://www.backtaxeshelp.com/tax-blog/celebrities/michael-phelps-owes-23-thousand-in-back-taxes.html#comments</comments>
		<pubDate>Mon, 23 Nov 2009 01:21:29 +0000</pubDate>
		<dc:creator>Manny Davis</dc:creator>
				<category><![CDATA[Celebrities]]></category>
		<category><![CDATA[Entertainment]]></category>
		<category><![CDATA[Tax Lien]]></category>
		<category><![CDATA[back taxes]]></category>
		<category><![CDATA[michael phelps]]></category>

		<guid isPermaLink="false">http://www.backtaxeshelp.com/tax-blog/?p=583</guid>
		<description><![CDATA[Olympic gold medal winner Michael Phelps owes the State of California $23 thousand in back taxes for the years 2005 and 2006. The State of California filed a tax lien on Phelps in order to secure payment of these taxes. When a tax lien is filed it becomes public information that the person who the [...]
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</ol>]]></description>
			<content:encoded><![CDATA[<p><img class="size-thumbnail wp-image-584 alignright" style="margin: 0px 0px 10px 10px;" title="REU USA/PHELPS" src="http://www.backtaxeshelp.com/tax-blog/wp-content/uploads/2009/11/michael-phelps-back-taxes-150x150.jpg" alt="REU USA/PHELPS" width="150" height="150" />Olympic gold medal winner Michael Phelps owes the State of California $23 thousand in back taxes for the years 2005 and 2006. The State of California filed a tax lien on Phelps in order to secure payment of these taxes. When a <a href="http://www.backtaxeshelp.com/Release_Tax_Lien.html">tax lien</a> is filed it becomes public information that the person who the lien was filed against owes money in taxes.</p>
<p>Phelps holds the world record for most gold metals won in a single Olympics. He won 8 gold metals in the 2008 Beijing Games in various swimming events. Phelps has gained much publicity and much stardom. It is estimated that he is worth around $50 million with all of his sponsors and endorsements <span id="more-583"></span>that he has done. It makes it hard to believe that someone with this much money actually owes money in taxes. It makes you think that it was likely due to complexity of tax laws and not do to the lack of money to pay the bill. He is one of many celebrities to have tax liens filed against them in recent months.</p>
<p><strong>Michael Phelps Making History in 2008 Olympics</strong><br />
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</ol></p>]]></content:encoded>
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