Tag Archives: Celebrity

Monaco striker Radamel Falcao pays €8.2m in tax case

July 24, 2017  |   Posted by :   |   Tax Evasion   |   0 Comments

Monaco forward Radamel Falcao has paid E8.2m ($9.3m US) to tax authorities in Spain as part of an ongoing investigation into alleged tax evasion. Spanish Tax Authorities are investigating Falcao for tax evasion. They allege he failed to correctly declare 5.6m Euros in income earned from image rights between 2012-2013 while at Atletico Madrid. If […]

Read More »

Recording Artist and Performer DMX Charged With Tax Fraud

July 17, 2017  |   Posted by :   |   Tax Evasion   |   0 Comments

Rapper DMX (aka Earl Simmons) was arrested in NY on 7/13/17 and charged with 14 separate counts of tax fraud and tax evasion for a multi-year scheme to hide millions in income from the IRS and pay $1.7m due in taxes. He faces 40 years in jail for not paying $1.7m in taxes incurred between […]

Read More »

IRS, Celebrities and Taxes

June 14, 2017  |   Posted by :   |   IRS Tax Audits   |   0 Comments

Celebrities though famous (and adulated by fans) like the rest of the US taxpayers must pay their taxes timely or have IRS tax problems. Whether due to an adverse audit result or failures to pay taxes due, American legends like Willie Nelson once had his entire estate seized by the IRS for his advisor’s failure […]

Read More »

IRS v. the Estate of Michael Jackson: IRS Ups Claim to $731m

April 04, 2016  |   Posted by :   |   International Tax Planning   |   0 Comments

In the ongoing dispute of the Estate of Michael Jackson, in a previously unreported court filing the IRS has increased their original claim for tax and penalty from $702m to $731m. The IRS now values the Estate (and Lifetime Taxable Gifts) at $1.178B compared to the Estate Form 706 Valuation of $7m, a valuation difference […]

Read More »

Soccer Star, Neymar, Guilty of Tax Evasion

March 21, 2016  |   Posted by :   |   Tax Evasion,Unreported Income   |   1 Comment

Soccer start, Neymar (star forward for Barcelona, 24 year old Brazilian, formerly of team Santos) has been reportedly found guilty of tax evasion in Brazil and fined 45.9m Euros (over $50m/US) for failing to declare 2012-2014 earnings to avoid payment of 53.6m Euros in taxes on income received from his former team, Santos and endorsement […]

Read More »

Clinton Portis, ex-NFL Running Back, Files for Bankruptcy

December 29, 2015  |   Posted by :   |   International Investors   |   0 Comments

From UPI.com Former Washington Redskins and Denver Broncos running back Clinton Portis, who made about $43 million during his nine-season NFL career, has filed for bankruptcy. A federal bankruptcy filing this week showed Portis owes nearly $5 million to creditors, including $500,000 to his own mother, according to court records obtained by USA TODAY Sports. […]

Read More »

Supermodel Bar Refaeli Charged With Tax Evasion

December 23, 2015  |   Posted by :   |   Tax Evasion,Unreported Income   |   0 Comments

By Kelly Phillips Erb, Forbes.com Bar Refaeli, one of the world’s most recognizable supermodels, has been arrested on charges of tax evasion in Israel. According to Agence France-Presse, Refaeli was arrested at her home alongside her mother, Tzipi, and questioned by police for several hours. Refaeli has been accused lying about her residency in order […]

Read More »

The 13 Top-Earning Dead Celebrities Of 2015

December 03, 2015  |   Posted by :   |   International Tax Planning   |   0 Comments

By Zack O’Malley Greenburg, Forbes.com In the time since Michael Jackson’s sudden death in 2009, the financial story that has played out has been nothing short of a thriller. The King of Pop has earned more than $1 billion before taxes since then, enough to pay off his personal debts and then some… Next on […]

Read More »

The IRS & Offshore Tax Evasion: Athletes, Celebrities and Investors

November 10, 2015  |   Posted by :   |   International Tax Planning,Tax Evasion,Unreported Income   |   0 Comments

On October 22, 2015 The Wolfe Law Group hosted their annual event, at the Peninsula Hotel, Beverly Hills. This year’s event topic was The IRS & Offshore Tax Evasion: Athletes, Celebrities and Investors. A wine tasting preceded the seminar with wines supplied by double gold award winning winery, Pomar Junction, San Luis Obispo. Speakers at […]

Read More »

Celebrity Tax Issues

November 05, 2015  |   Posted by :   |   Tax Evasion,Unreported Income   |   0 Comments

The following are recent IRS issues involving athletes and celebrities: 1. IRS Taps Melissa Gilbert for $360,000 in Unpaid Taxes The star best known for her role as Laura Ingalls in Little House on the Prairie owes more than $360,000 in back taxes, according to the IRS. 2. Macy Gray Owes $268K in Back Taxes to IRS Celebrity R & B […]

Read More »