Celebrities with Tax Troubles (Part 2)

Tuesday, June 23, 2015
Last blog we let you know about celebrities with IRS troubles.  It doesn’t end with that list.  We have another list of celebrities, mostly actors, who have for some reason owe the IRS millions in taxes.  And guess what, they all get caught.  Non one is exempt from paying Uncle Sam.  As tax attorneys in California, at our firm the Strategic Tax Lawyers, we want to make it known that the IRS is serious about the tax law, so pay your taxes or you will be penalized.  After all, it is the law.

The following is a list of celebrities who did not follow the law and no matter how famous they are, the IRS penalized them.   

In 2012, Nicolas Cage paid the IRS approximately half ($6 million) of the taxes he owed the IRS (approximately $14 million). The IRS issued him tax liens in 2008 and 2011 and the actor did not pay taxes between 2004 and 2009.  

Everyone knows about Wesley Snipes who was sentenced to a Pennsylvania federal prison for three years for tax evasion based on failing to file income tax returns for three years (1999, 2000 and 2001).  During the peak of his career he earned approximately $38 million

Actor Stephen Baldwin is still paying off his tax debt of over $400,000. He also owes New York State an undisclosed amount for personal income tax.

Actress Lindsay Lohan repeatedly has had issues with the IRS for not paying her taxes which totaled $56,717.90 (State of California) and $233,904.87 (federal taxes).

Martha Stewart failed to pay her taxes ($220,000) to the State of New York.  Also model Christie Brinkley owed the IRS $531,000 in back taxes and was issued a tax lien.  Actress Christina Ricci was also issued a tax lien since she didn’t pay approximately $180,000 in taxes in 2010.

Mike Tyson was lucky with the IRS, which excused approximately $2 million off the millions that he owed since Tyson declared bankruptcy. OJ Simpson is guilty of tax evasion and owes the State of California nearly $1.4 million.

The Strategic Tax Lawyers, LLP are a firm of California Tax Attorneys, IRS lawyers, and IRS Fresh Start lawyers.  We, at the Strategic Tax Lawyers Firm, are experts in tax code with years of experience dealing with the IRS.  Call the Strategic Tax Lawyers at (800) 669-4775 for a free consultation to assist you with your tax-related matters.