Lil Wayne and Floyd Mayweather owe $9 MILLION more in TAXES

What is up with these guys who consistently are shaken down by the IRS? It would seem after the multi-million dollar pay outs they have made in the past they would find some people to handle their money and make sure the taxes are paid on the massavie amounts of money they generate every year.
The IRS filed a $5,610,034 tax lien against Carter on March 28 with the Miami-Dade County Clerk. According to the lien, which you can see below, he owes income taxes from 2008-09.

The IRS filed a $3,359,279 lien against Mayweather on Jan. 21 with the Clark County (Nev.) Recorder. He owes income taxes from 2009, according to the recorder’s office.


WHOA!!!! Comedian Chris Tucker Owes $11 Million in Back Taxes

‘Cot Damn Chris’ did you think they were not going to come after those big Rush Hour checks? SMH. You got knocked the fuck out by the IRS!

via TMZ

The Internal Revenue Service filed documents with the L.A. County Recorder’s Office yesterday, which show Tucker owes $11,571,909.26 in federal taxes for the years 2001, 2002 and 2004 through 2006.

Here’s how it all breaks down:

2001 — $4,007,794.34
2002 — $5,060,074.23
2004 — $55,544.84
2005 — $660,414.94
2006 — $1,788,080.91

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Johnny Depp to Bail Out Nicolas Cage?

Boy what a luxury it is to have friends in high places.

Picture 1

via Style Caster

seems as if not even Hollywood is exempt from the fact that life has a tendency to come full circle. Nicolas Cage saw his finances crumble this year, leaving the actor currently facing a tax bill of over $5 million. While Cage is in the process of suing his former financial advisor for mismanaging his funds, it looks like his dire financial straits may be temporarily fixed, and by none other than fellow A-lister Johnny Depp.

In a true “that’s what friends are for” move, the Public Enemies star has reportedly called his old friend to let him know that he will front “whatever he needs” to get him out of this crisis. Depp is generous in his financial and emotional support, possibly seeing the move as a way to pay Cage back for launching Depp’s stellar career: It was Nic who arranged for Depp, then an unknown musician, to meet with his agent, which led him to A Nightmare on Elm Street.


US Gov’t Braces for Surge in Delinquent Taxpayers

via Reuters

WASHINGTON, April 14 (Reuters) – As a deep recession strips Americans of their jobs, homes and investments, the 2009 U.S. tax season promises to see a large uptick in first-time delinquent income taxpayers.unclesam

“Our calls are up 280 percent,” said Richard Boggs, founder and chief executive of Los Angeles-based Nationwide Tax Relief, a firm that helps delinquent taxpayers resolve tax issues.

“We’ve seen a huge rise in what we call the rookie delinquent taxpayer,” he said. “They are incredibly scared, and they have no idea what’s going to happen to them because, God bless them, they’ve never owed before.”

As the weak economy puts job security and a steady flow of income on a slippery slope, many are wary of the U.S. tax man, tax consultants say.

With household balance sheets under pressure, more U.S. households are having trouble keeping up with their day-to-day bills and struggling to pay their taxes. Continue reading

Lil’ Kim’s Tax Records Emerge, Rapper Racked Up Nearly $1Mil In Debt

via SOHH

Lil’ Kim‘s $979,090 tax debt records have reportedly emerged, detailing each payment she currently owes including both state and federal taxes.                                                                             lil-kim-news1

The state of New York filed a $12,599 tax warrant on April 26, 2008, in the New York County Clerk’s office. The IRS filed a $50,464 lien on Sept. 5, 2007, in the Bergen (N.J.) County Clerk’s office. The IRS filed a $67,509 lien on May 14, 2007, in Bergen County. The state of California filed a $4,089 lien on Sept. 16, 2005, in Sacramento County Court. The IRS filed a $232,348 lien on Aug. 16, 2005, in New Jersey. The state of New Jersey filed a $51,471 lien on Aug. 11, 2005, in New Jersey State Superior Court. The state of New Jersey filed a $77,939 lien on Dec. 9, 2004, in New Jersey Superior Court. The IRS filed a $482,671 lien on Feb. 19, 2004, in New Jersey. (Detroit News)

Despite being featured on reality television shows and releasing an album in 2005, Kim has still faced finanical troubles. Continue reading