Pin ItemailprintMark Zuckerberg may have to sell approximately $1.67 billion of company stock in the Facebook IPO to pay off taxes he’ll end up owing the IRS when he exercises options to buy 120 million shares. The social network’s CEO will owe taxes on gains related to the award of options, Facebook said this week [...]
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Lindsay Lohan has been slapped with a $93K tax lien. The federal government says LiLo never paid her 2009 income tax and it’s finally time to pay the piper. According to court documents filed in Los Angeles, the Internal Revenue Service has obtained a lien against Lohan for $93,701 for failure to pay her income [...]
Continue reading " Lindsay Lohan Tax Lien: Actress Slapped with $94,000 Lien, Sued by Paparazzo "
Speaking at yesterday’s Occupy the Rose Bowl event, anti-war activist Cindy Sheehan announced to the crowd of demonstrators that she hasn’t paid a dime in income taxes since her son, U.S. Army Specialist Casey Sheehan, was killed in Iraq in 2004. Sheehan went on to try and justify her tax evasion by saying that she [...]
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Even Hollywood actors are falling on hard times. Chris Tucker, the 39-year-old actor best known for his roles in the “Rush Hour” movies, is about to lose his $6 million home. Yes, Tucker’s $6 million Florida mansion is now in foreclosure. According to papers filed in Circuit Court in Lake County, Florida, Tucker still owes [...]
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Maybe Christian Lopez is rethinking giving Derek Jeter back his 3,000th-hit ball. Given that he seems like a genuinely nice guy, though, he probably isn’t, even though he may end up owing Uncle Sam in a big way. This weekend, Lopez decided to give the historic ball back to Jeter and asked for nothing in [...]
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Donald Lapre, a Phoenix man and renowned infomercial marketer, is alleged to have scammed nearly 227,000 people out of about $51 million via his company “The Greatest Vitamin in the World”. (UPDATE: Lapre has been found dead in his cell) Lapre has been indicted for conspiracy, mail fraud, wire fraud, money laundering, and transactional money [...]
Continue reading " ‘The Greatest Vitamin in the World’ Pitchman Donald Lapre Indicted (VIDEO) "
It’s not every day that you see Major League Baseball take over the day-to-day operations of a baseball team, but that’s exactly what’s happening right now to the Los Angeles Dodgers. Baseball commissioner Bud Selig announced today that the league will take control of the Dodgers organization as the the nasty divorce between owners Frank [...]
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Pro golfer Jim Thorpe has been released from prison. Thorpe,61, had been in prison since April 2010 for failing to pay his income taxes. He had been working on an early release and now he’s gotten it. Thorpe has now agreed to pay in excess of $2 million in back taxes and interest to the [...]
OK, so it’s a new year. Are you going to wait until the last minute to get your taxes done or are you going to get a head start? Get the jump now and save up to 50% on H&R Bock At Home Tax Software. Whether you have a PC or a Mac, find download [...]
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Looks like Iceman is in a little bit of hot water. Actor Val Kilmer owes close to half a million dollars in federal back taxes. A lien has even been placed on some of his property, including his ranch in New Mexico. The I.R.S. filed the tax lien in November for an assessment balance of [...]
Marcos Esparza Bofill, a failed day-trader, has been hit with a $172 million tax bill from the Internal Revenue Service. “Who’s the IRS?” the young Spanish emigre asked when a friend told him about his huge tax bill. It seems Esparza Bofill moved from Spain to New York back in 2006 to try and conquer [...]
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Is Nicolas Cage broke? By most people’s standards, he would probably be considered so and he’s suing his business manager because of it. In a lawsuit that was filed on October 16th in L.A., Cage claims that his business manager, Samuel J. Levin, “lined his pockets with several million dollars in business management fees while [...]
