Jose Canseco, the famous MLB All Star and slugger, has run into tax problems with the IRS and State of California. Last month, the IRS filed a lien against Canseco with the Los Angeles County California Recorder of Deeds for $121,000 and change. This latest IRS tax lien adds to the three California state tax liens Canseco has been “hit” with since 2008 giving him a total of about $320,000 in back taxes, of which about $198,000 is state related. Even in 2005, he owed the State of Mass around $32k.
Jose, it seems, has been doing everything he can since his MLB career ended to create additional revenue even though he made millions of dollars during his MLB Career. In 2005, Jose Canseco caused a stir with his book “Juiced: Wild Times, Rampant ‘Roids”, Smash Hits & How Baseball Got Big,” in which he confessed to taking steroids and pointed out others major MLB players like Jason Giambi, Mark McGwire, Juan Gonzalez and others did as well. Since then he has been present in reality television shows and even in the the boxing ring fighting Vai Sikahema and later mixed martial arts pro Hong Man Choi. Even in 2003, you could spend a day with him for $5k.
In any event, this latest tax lien is another example of how taxing authorities are making no exceptions if you fail to file or pay your taxes in full. If you are facing a tax lien, get professional help and a plan to get it released. Releasing a tax lien is in your best interests to not only get taxing authorities off your back but also to prevent the destruction of your credit.
Jose vs. Hong Man Choi