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NEWS ABOUT: back taxes

Federal Workers Owe $1B in Back Taxes

2010 figure soars $32M from year before

(Newser) - Some 98,000 federal workers owed $1.03 billion in unpaid taxes at the end of the 2010 fiscal year. While that's fewer employees than in 2009, the amount of cash owed climbed by $32 million, the Washington Post reports. Defense Department workers owed the most, with more than... More »

Ground Zero Mosque in Tax Trouble

Developer Sharif El-Gamal owes $224K in property taxes

(Newser) - Opponents of the “Ground Zero mosque” will likely have a field day with this one: Developer Sharif El-Gamal owes $224,270 in back taxes on the mosque site. El-Gamal’s company didn’t pay its tax bills in January or July, the New York Post reports. Though Con Edison... More »

Man Pays Back Taxes in Pennies

He had to visit 10 banks to do it

(Newser) - The city of Hartford got its most annoying tax payment ever yesterday, when a man showed up with a hand truck full of more than 30,000 pennies. Brian Kiros was furious over his $301.76 tax bill: He’d moved to Vermont a year and a half earlier but... More »

10 Celebs With Tax Problems

Making bundles of cash doesn't guarantee you won't evade

(Newser) - Not too many of us are celebrating Tax Day, but some celebrities are probably even less happy about it than you. The Frisky rounds up 10 who owe back taxes:
  • Pamela Anderson: Perhaps Dancing With the Stars will help her pay some of the $493,144 she owes California.
  • Wesley
... More »

Schwarzenegger Owes $80K in Taxes

Governator didn't pay his taxes in 2004, 2005

(Newser) - We’ve found the Governator’s weakness: paying taxes. Arnold Schwarzenegger owes Uncle Sam $79,064 in back taxes for 2004 and 2005, according to documents filed in LA County Superior Court. Those would be the first two full years of Schwarzenegger’s rule over California. TMZ checked with the... More »

Nicolas Cage Selling Vegas Mansion to Cover Debt

Actor owes IRS $6.6M, is suing former manager

(Newser) - Nicolas Cage must sell his $10 million Las Vegas mansion to help cover the $6.6 million he owes to the IRS in back taxes and penalties. The Nevada estate is just the latest property Cage has been forced to put up for sale to cover his mounting debt, and... More »

Expect Huge Jump in Tax Delinquents: Analysts

Americans frightened, suspicious, evasive

(Newser) - Many more strapped Americans will skip out on tax bills this year, analysts tells Reuters, spending on everyday needs instead. “We’ve seen a huge rise in what we call the rookie delinquent taxpayer,” says one who expects a 280% jump. “They are incredibly scared, and they... More »

Jade's Funeral Date Set

Plus, Rihanna house hunts, and more

(Newser) - The funeral for Jade Goody, the British reality star who died of cervical cancer, will be held April 4, the BBC reports. A funeral procession will go from her house to a nearby church. Elsewhere:
  • Rihanna was spotted house-hunting yesterday in the Hollywood Hills, the Sun reports.
  • Struggling-for-cash Lindsay Lohan
... More »

13 Bailed-Out Banks Owe Back Taxes

Lawmaker uncovers total of at least $220M in unpaid bills

(Newser) - At least 13 of the firms that got billions of dollars from the federal government owe back taxes, and their tab exceeds $220 million, Rep. John Lewis said today. What's more, that could be just the tip of the iceberg, the AP reports. The House Ways and Means subcommittee, which... More »

Obama Trade Nominee Has Tax Snafu, Amends Returns

(Newser) - Ron Kirk, President Obama’s nominee for US trade representative, has some tax problems of his own, Reuters reports today, with the Senate Finance Committee estimating a liability of about $10,000; Kirk has already moved to correct the errors. The majority stem from speaking funds he passed directly to... More »

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