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Posts tagged ‘back taxes’

According to The Detroit News, records indicate that Patti Labelle owes more than $337K in federal back taxes. Patty LaBelle is an African-American R&B and soul singer-songwriter and actress. LaBelle earned a #1 single in 1986 with “On My Own.” She is also known for her zealous onstage performances and her large vocal range.

Otis Williams, a co-founder of the Motown group The Temptations, owes the IRS $176K in back taxes. The company related to The Temptations is also said to owe back taxes as well. The group is said to owe an additional $102K in back taxes to the IRS adding to ta total of $278K in federal [...]

The recent claim against HP stems from a tax audit that was done for previous years and recently completed. The SEC reported they were getting audited for previous years taxes but it seems that the IRS went further back. Overall, if the IRS rejects HPs claims about how they reported income, the result would lead to another $560 million lost in years to come. Earlier in the year, the IRS was challenging HP for a transaction it made with AIG overseas regarding tax benefits received.

Chavez is the 6 time world champion boxer in three different weight divisions. Was considered the best pound for pound boxer in the world and one of the greatest Mexican boxers ever. Julio Cesar Chavez has not kept up on his taxes and recently his debt went public. Chaves owes taxes on earnings from his [...]

IRS is claiming that bankrupt Nortel, which is undergoing the sale of its assets, owes about $3 billion in back taxes, penalties and interest.

Today, the Wall Street Journal reported that certain State Tax Revenue Agents are using social sites to find those taxpayers that owe money and who been trying to stay under the radar. Social sites like Facebook.com, MySpace.com, and others have been named in the article. Minnesota and California are some of ths states using the [...]

Darren McCarty, famous for being a star for the Detroit Redwings and known for both his fighting ability and his great scoring ability. He was won four Stanely Cup Championships (in 1997, 1998, 2002 and 2008), is now facing problems with the IRS. McCarty is said to owe $63K in IRS back taxes, according to [...]

The big star from Terminator 2, Flags of Our Fathers, the X Files and others fired his manager after discovering that he owes the IRS and the State of California for a total combined sum of $176,000 in back taxes. Robert Patrick was not happy about finding out what he owes and pledged to pay and into tax compliance with both the State of California and the Internal Revenue Service. Specifically, he owes the IRS about $117k, andabout $59k to cash-strapped California.

Stanley Burrell, MC Hammer, has just been slapped with a tax lien against him for $671,182  in taxes owed to the state of California and the IRS. Even with his career getting a second chance recently with his new TV show and schedule tour, he still is having serious financial issues. The break down of [...]

Understand how you can prevent back taxes by reporting any winnings to the IRS from gambling, betting, raffles, lotteries and more.


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