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Posts tagged ‘back taxes’

J.C Chasez, best known as one of the lead vocalists in the former pop group “N Sync and now a judge for America’s Dance crew owes 206K in back taxes to the state of Mississippi.

Joe Francis, producer of Girls Gone Wild video series has sued the IRS for levying and freezing his assets which included a bank account levy. In October, Francis pleaded guilty to filing false tax returns and will be facing jail time. He has agreed to pay IRS back taxes and interest totaling $249.7k in addition to a $10k fine.

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.

Federal employees this year owe around

Symantec, the major computer security firm, won a case in US Tax Court against the IRS saving it around $545 million. The IRS stated that Symantec should be responsible for back taxes owed by Veritas Software after the acquisition in 2005, according to Marketwatch.

Last Thursday, the IRS auctioned off 7k acres of land in South Dakota (Part of Crow Creek Indian Reservation) that the Crow Creek Sioux Tribe owned because Crow Creek Tribal Farms (A corp formed under tribal laws) owed about $3+ million in back taxes, penalties and interest for unpaid employment taxes. The buyer has not [...]

Olympic record holder, 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 lien [...]

OutKast Member Big Boi (Antwan Patton) is reported to owe the IRS $55,000 in back taxes. The state of Georgia filed a tax lien against Antwan Patton and his wife on June 1st. He is the latest rapper/celeb who has fallen into trouble with the IRS.  OutKast has become one of the most successful groups [...]

Aaron carter is a pop and hip hop singer from the late 1990s who is the brother of Singer Nicker Carter, from the Backstreet Boys. He has also been an acting career in which he had parts in television series including, the Teenage Witch, 7th Heaven and Lizzie McGuire. Aaron recently came back into the [...]

The Oregon State legislature approved SB 880, on 6/29/09 that provides tax amnesty for state taxpayers and businesses with back taxes stemming from 2007 or later. Taxpayers who need to file or amend a tax return may complete and send in an application before the November 19th deadline (it started October 1st, 2009) in order to abate or remove penalties. Moreover, those who come forward will also benefit because the total interest amount due will be cut in half. The Oregon State Department of Revenue (ODR) states as well unfiled taxes return or tax returns that need to be amended must be filed before 1/19/2010.

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