Mary J. Blige Faces $3.4 Million Tax Bill
Posted by Andru Edwards Categories: Music, Legal Issues,
.jpg)
Mary J. Blige has been handed a $3.4 million tax bill.
The "No More Dramas" singer faces paying the huge amount after being accused of avoiding her US federal taxes for three consecutive years from 2009. In addition to her federal taxes, the 42-year-old star also reportedly owes the State of New Jersey over $900,000 in back taxes.
Mary's money woes do not end there, as she was sued earlier this year for allegedly defaulting on a $500,000 bank loan which she took out between 2005 and June 2012. In another lawsuit, filed last November, the singer and her husband, Martin Isaacs, were also accused of defaulting on a $2.2 million loan from Manhattan's Signature Bank. The financial institution is seeking the full loan amount, alongside $58,000 in interest.
This is not the latest financial setback for Mary, after her charity, The Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now Inc., was accused of mishandling funds and failing to pay back a loan last year.
Advertisement
Lionel Richie Owes $1.1 Million in Taxes
Posted by Andru Edwards Categories: Music,
Lionel Richie reportedly owes over $1.1 million in unpaid taxes. The soul singer, who resides in Los Angeles, has been hit with a lien - an official claim against his property - for the payment of his debt which totals $1,130,609, according to TMZ.com.
The musician has racked up a huge number of hits over the years, including "Hello," "Dancing On The Ceiling" and "Easy Like Sunday Morning," and according to legal documents he is worth a reputed $200 million.
If Lionel - who recently released a duets album, Tuskegee, featuring new versions of his greatest hits - fails to pay the bill then the American government could repossess his property to clear the debt. His representative is yet to comment on the claims.
The 62-year-old star - the father of Nicole Richie - will next appear alongside Kelly Clarkson, Jennifer Nettles and Robin Thicke as judges on new TV show Duets.
Nicolas Cage Settles $6 Million Debt
Posted by Andru Edwards Categories: Movies, Legal Issues,
Nicolas Cage has settled $6 million of his tax debt. The Ghost Rider: Spirit of Vengeance actor has cleared almost half of the $13.3 million debt he owes for taxes in 2002 to 2004 and 2007 after he paid off $6,257,005.
Nicolas has blamed his former business manager Sam Levin for his problems, though he has countered this, claiming actor was overspending. "Over the course of my career I have paid at least $70 million in taxes. Unfortunately, due to a recent legal situation, another approximate $14 million is owed to the Internal Revenue Service (IRS), however, I am under new business management and am happy to say that I am current for 2009. All taxes will be paid including any to be determined state taxes," he said in 2010.
The 48-year-old actor's spending is legendary, and Sam has claimed that by 2008 the star owned "15 palatial homes around the world, four yachts, a Gulfstream jet and millions of dollars in jewelry and art."
Nicolas was forced to sell off many of his assets, including properties in California, Las Vegas and New Orleans as well as a British castle, yachts and a 67-million-year-old dinosaur skull worth $276,000.
Celebrity Chatter: Jessica Simpson’s Beau Leaves College, Chris Klein Stays in Rehab
Posted by Veronica Santiago Categories: Movies, Music, Television, Dating, Drunk, Legal Issues,
-Jessica Simpson’s new boyfriend, Eric Johnson, reportedly dropped out of his college business program to spend more time with her. It appears she’s finally met her intellectual equal.
-Actor Chris Klein - who was formally charged with drunk driving - has voluntarily chosen to extend his stay in rehab. He is scheduled for a court appearance on August 23.
-Money Talks star Chris Tucker is having problems in the cash flow department. The actor apparently owes the IRS over $11 million in back taxes.
-Maybe Tucker should back into the acting game? That’s what Amanda Bynes plans on doing. One month after deciding to quit acting, the 24-year-old announced she’s “unretired.” No one has yet announced that they cared.
Helio Castroneves Indicted for Tax Evasion
Posted by Veronica Santiago Categories: Sports, Television, Legal Issues,
UPDATE: Castroneves was acquitted on six counts of tax evasion. A mistrial was declared on the seventh count.
Have we learned nothing from Richard Hatch and Wesley Snipes?
Helio Castroneves, the former winner of Dancing with the Stars, was indicted today for federal tax evasion. According to the indictment obtained in Miami, the 33-year-old underpaid the government between 1999-2004.
Helio, along with along with his sister (Katiucia Castroneves) and lawyer, are currently being accused of hiding over $5 million of the race car driver’s earnings. The trio allegedly tried “to conceal and disguise the true and correct amount” by using an offshore Panamanian shell corporation. Each defendant faces charges of conspiracy “for the purpose of impeding, impairing, obstructing, and defeating the lawful government functions of the Internal Revenue Service.”
According to the Miami Herald, all three are expected to appear in federal court tomorrow morning. Convictions on all counts could equate to approximately 30 years in prison per person.
Miami Herald
viaE! Online
Advertisement
© Gear Live Media, LLC. 2007 – User-posted content, unless source is quoted, is licensed under a Creative Commons Public Domain License. Gear Live graphics, logos, designs, page headers, button icons, videos, articles, blogs, forums, scripts and other service names are the trademarks of Gear Live Inc.