July 13th, 2012 by faye
Rapper Beanie Sigel has been sentenced with two years of prison time for not paying the Internal Revenue Service out of more than $700,000 in back taxes.
According to reports, 38-year-old Sigel — who has worked with some of the prominent names in the rap industry, including Snoop Dogg and Jay-Z — had previously pleaded guilty to not filing federal tax returns for the years 2003, 2004 and 2005.
During the sentencing hearing of Beanie Sigel in U.S District Court of Philadelphia, the rapper told the judge that he accepts “total responsibility” for his back taxes but also complained about his family members who allegedly spent him dry while he was serving time for his gun and drug crimes back in 2004 and 2005.
“I haven’t been able to get my career back on track since,” Beanie Sigel told the court about his case back taxes.
The rapper is given time until September 12 to surrender to authorities and begin his two-year sentence.
June 18th, 2012 by edsel
Troubled singer R. Kelly owed the government a whopping $4.85 million in unpaid taxes.
TMZ first reported that the Grammy Award-winning R&B star failed to pay his taxes from 2005 to 2010. In 2005, Kelly owed nearly $1.5 million worth of unpaid taxes.
E! News obtained copies of records stored with the Cook County Recorder of Deeds. The records show the IRS executed liens of $2,638,77; $1,086,700; and $1,122,694 against R. Kelly on March 21, 22, and 23, respectively.
The financially-strapped Kelly has been going through rough times. Last summer, he ended up owing more than a year’s worth of mortgage payments on his Chicago-area mansion. The singer got hit with a $2.9 million foreclosure suit, and his 11,000-square-foot Olympia Fields home went on the market last December for $1.595 million.
And this year, E! News reported that the R&B star suffered from severe throat pain this July. Kelly was rushed to the hospital and underwent emergency surgery.
“R. Kelly is in the process of working everything out with the government,” a rep for the Chicago-based artist told TMZ regarding the matter of his unpaid taxes. Kelly was supposedly ”confident that all his obligations will be satisfied.”
Everything may hinge on the next album R. Kelly releases. His 11th studio release is set for a June 26 debut, said MTV.
June 6th, 2012 by faye
Composer and songwriter George Clinton is in trouble with the Internal Revenue Service. The 64-year-old musician owes the government a big amount of money in unpaid taxes.
According to reports, a federal tax lien has been issued to George Clinton. It is believed that he owes $48, 347.82 of unpaid taxes back in 2007, and $67, 204.45 for 2008, which has a grand total of $115, 552.27.
If George Clinton does not pay settle his unpaid taxes soon, the government will be going after his property and belongings until the debt is settled.
This is not the first time Clinton has struggled with money issues. The singer, who filed for bankruptcy back in 1984, has been struggling ever since the allegations his money has been mismanaged.
April 30th, 2012 by edsel
Not even death can keep Anna Nicole Smith from paying back taxes.
The former reality star passed away in 2007 due to an overdose. But the IRS is still after her for a hefty amount of back taxes.
E! News reported this Thursday that the IRS filed a lien against Smith’s estate this week in Los Angeles Superior Court. The government agency is seeking $289,123.48 in back taxes from her estate.
This is the most recent legal issue to haunt the people involved with the late Smith.
Last year, the late Playboy Playmate’s partner Larry Birkhead was faced with the results of the battle between the estate of Anna Nicole Smith -of which their daughter Dannielynn is the sole heir- and the estate of Smith’s late oil baron husband, J. Howard Marshall.
April 25th, 2012 by faye
Former Bad Boy Records rapper and songwriter Ma$e is in trouble with the law, because he reportedly owes a big amount of money in back taxes to the Internal Revenue Service.
According to reports, the Internal Revenue Service filed court docs in Florida against Ma$e, claiming the rapper owes a staggering amount of $124,774.85 in back taxes to the feds. This tax debt is said to have stemmed from the years 2000, 2001 and 2004.
Ma$e, real name Mason Durell Betha, retired from the music business in 1999 after saying that he got a “calling from God.” After a turn with the ministry, Ma$e returned with an album in 2004.
Ma$e was introduced as Bad Boy Entertainment’s next big artist during the summer of 1996 when he was featured on the remix to 112′s debut single, “Only You,” which peaked at number one on Billboard’s Hot Dance Singles Sales chart as well as its Hot R&B/Hip-Hop Airplay chart.
April 12th, 2012 by faye
Singer-songwriter Montell Jordan has responded to the reports about the tax lien filed against him after he failed to pay his taxes. Montell says that he has already paid his $617,000 tax bill, claiming that it hasn’t made its way into the IRS yet.
Previous reports said that IRS filed a Federal Tax Lien against 43-year-old Montell Jordan, claiming that he owes $617,987.06 in back taxes from the years 1999-2001. According to the Federal Tax Lien, the government first filed a tax lien against him back in 2004. However, the singer hasn’t paid the taxes since, leading the authorities to refile it last month. Jordan’s total debt amounts to $627, 987.06 – and if he doesn’t settle his tax lien issues, the IRS can go after his property in court.
Meanwhile, Montell Jordan said that he paid his debt to the IRS years ago by selling his music catalog. However, the money’s been sitting frozen in an account administered by the U.S. Trustee Program, a division of the Department of Justice that oversees bankruptcy cases.
Montell Jordan filed for bankruptcy back in 2004, saying he is still disputing some of the IRS penalties he has incurred. Jordan expects the money to be released to the IRS in a few weeks when he settles negotiations over the penalties, at which point the case will be closed.
April 11th, 2012 by faye
R&B singer Montell Jordan is in debt of more than $600,000 in taxes to the IRS, this according to the reports.
The 43-year-old singer owes the IRS back taxes from the years 1999-2001. According to the Federal Tax Lien filed against Montell Jordan, the government first filed a tax lien against him back in 2004. However, the “This Is How We Do It” singer hasn’t paid the taxes since, leading the authorities to refile it last month. Jordan’s total debt amounts to $627, 987.06 – and if he doesn’t settle his tax lien issues, the IRS can go after his property in court.
The second R&B artist to sign with Def Jam Recordings, Montell Jordan has made one of 1995′s biggest hits with his debut single, “This Is How We Do It.” The Los Angeles native had begun singing in talent shows and church choirs as a boy, eventually moving to nightclubs while pursuing an education at Pepperdine University. Following his college graduation, Jordan spent seven years looking for a record deal, which he finally secured after meeting Paul Stewart, the president of PMP Records. Jordan and Stewart flew to New York, where Jordan sang for Russell Simmons and was promptly signed to a contract
As of 2010, Montell Jordan has left the music business to become the worship leader at Victory World Church in Atlanta. He has been married to Kristin since June 1994. The couple have three children and are expecting the fourth in May 2012.