As President Obama finds himself beset with “scandals,” the pundits and commentators in Washington are trying to make sense of it all—trying to determine whether there is any fire beneath all the smoke. In an insightful piece, Jacob Weisberg, the editor-in-chief of Slate, concludes that there isn’t much meat at all—that we have entered the [...]
Rep. Elijah Cummings, ranking member of House Oversight and Government Reform, gives his opinion on the Internal Revenue Service.
Dionne Warwick’s long and complicated relationship with the IRS is coming to a close. On March 21st, the soul singer filed for Chapter 7 bankruptcy over tax liens dating back to the 1990s. “Ms. Warwick had a business manager who mismanaged her affairs,” her attorney Daniel Stolz told Rolling Stone. “Before she knew it, she [...]
If you’re one of the lucky Americans expecting a tax refund this year, what are your plans for the additional cash you’ll have in your pocket? Certainly it’s tempting to spend it—on a fun vacation, expensive evening out or the latest, greatest electronics—but making a conscious effort to avoid impulsive purchases may be in your [...]
Add R&B crooner R. Kelly to the looong list of stars who have had trouble with the IRS.The “I Believe I Can Fly” singer is on the hook for a total of more than $6 million. Ouch. Over the summer it was Lauryn Hill who may be facing jail time because of her tax debt. [...]
R&B icon R. Kelly has sold more than 50 million albums worldwide, but he apparently has not been paying taxes on a larger porter of that income. The IRS does not like that. Kelly owes the government more than $4 million dollars in unpaid taxes, it was reported. It is not his first brush with [...]
Babysitting, lawn mowing and delivering newspapers have long been part of coming of age. It was a way of earning some spending cash and learning responsibility along the way. Apparently, that responsibility includes paying taxes. The IRS has a long list of rules about what constitutes taxable income for students. According to the IRS, the [...]
Boxing great Evander Holyfield reportedly sold his massive Georgia mansion for $7.5 million back in March, but it’s still only half of the amount that he owed the bank for the house, according to a report on TMZ. In addition, Holyfield owes more than $200,000 in back taxes to the federal government. Holyfield’s house outside [...]