Unless you've been living under a rock, you've probably seen all the news stories revolving around Real Housewives of New Jersey stars Teresa and Joe Guidice. The reality TV celebs were recently sentenced to 15 and 41 months in federal prison respectively following their convictions on multiple fraud charges, including tax ... Read More
Celebrities
2012 List of the Top 60 Celebrities Owing Back Taxes
For the 4th year running, we bring to you our annual Celebrity Back Tax List. Like the past three years (2011, 2010, 2009) there was no shortage of celebrities that had run-ins with the IRS or state taxing authorities. Their tax problems or tax discrepancies could have happened because of tax documents being misplaced, ... Read More
Top Reasons Why Celebrities Don’t Pay Their Taxes
Stories of celebrities who fail to pay their taxes routinely make the news. Earlier this month, it was reported that R. Kelly owed back taxes to the tune of $5 million and that he hadn’t filed a tax return since 2005. The news came on the heels of reports that singer Lauryn Hill had failed to pay taxes on nearly $2 million she ... Read More
Top 50 Celebrity Tax Problems of 2011
What do Casey Anthony, Lil Wayne and Al Pacino have in common? How about John Cena, Ozzy Osbourne, Kirstie Alley and Soulja Boy? Well, it just so happens that all of those stars made our third annual list of Top Celebrity Tax Stories. And the diverse group of athletes, rappers, reality stars, musicians, actors and ... Read More
Mitt Romney & Ron Paul: Historic Overview of Their Views on Taxes
Because taxes can significantly impact the economy by changing the cash flow available to both individuals and businesses, a presidential candidate's view on taxes has become an increasingly hot topic during the past several election seasons. Each presidential candidate's view on tax policy is different. Some candidates weigh ... Read More
Mitt Romney released his tax returns on January 24th, 2012. His 2010 earnings showed $21.7 million in income with an effective tax rate of just 14%. Newt Gingrich shared his tax return last week and his tax rate came in around 31%. Why is Romney's Tax Rate so low? Unlike Newt, Romney's income mostly comes from dividends that ... Read More
Newt Gingrich Shares His 2010 Tax Returns
Newt Gingrich shared his 2010 tax returns on his website on January 19th, 2012. Newt and his wife, Callista, filed a joint tax return with an adjusted gross income of $3.14 million. They paid a total of $994,708 in income taxes. According to the tax returns, Callista was paid $191,827 in W-2 wages in 2010 and Newt received $2.5 ... Read More
Actress Lindsay Lohan Hit with $90K IRS Tax Lien
As if Lindsay Lohan hasn'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 outstanding ... Read More
Paying Double on a Tax Lien Ain’t a Thang for Jermaine Dupri
Record producer, songwriter and rapper Jermaine Dupri (also known as "JD") has finally paid off his back taxes from 2007 - but at a cost nearly twice the amount of the initial tax lien filed against him, according to TMZ. JD's original tax bill totaled $254,782.64. However, Georgia records show that late fees, penalties and ... Read More
IRS Files Tax Liens Against Santana Moss, Albert Pujols
The IRS has filed a $258,017 tax lien against Redskins wideout Santana Moss. The lien comes as a result of more than $250k in taxes the 11-year NFL veteran neglected to pay back in 2006, despite his earning more than $1.9 million that year. The Detroit News reports that the tax lien was filed against Moss’s $5.2 million ... Read More
Another Rapper in the IRS Doghouse? Bow Wow Hit With Tax Lien
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 the tax ... Read More
Kelly Monaco the Latest Tax-Troubled DWTS Alumn
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 problem made public, as the ... Read More
