Friday, November 5, 2010

Top 10 Celebrities with Tax Problems

Celebrities, some of us love them and some of us hate them.  They are rich, famous, and have everything!  But guess what, celebrities have tax problems too and really big ones.  Here my list of top 10 celebs with tax problems.

10.  Flavor Flav $183,000
This rapper-turned-reality star has been listed by the California Franchise Tax Board as owing over $183,000 to the state of California. 

Looks like your giant clock has ran out of time and it's time to pay up.

9. Jaime Pressly $376,000

This famous actress has been on hot show "My Name is Earl" and in popular movies such as "I Love You Man" and "Not Another Teen Movie,"  Now the IRS and CA FTB have filed tax liens against her in LA County. IRS for $281,699 and FTB for $95,080.

8. Xzibit $502,000

Rapper/Pimp My Ride host have run into various financial debts which include $501,840 in taxes to the IRS.

Looks like he wont be pimping anything until he pays up.

7. Val Kilmer $539,000

This actor had a tax lien filed in New Jersey on an address in the town of Old Tappan.

Not so smooth after all Val.

6. Aaron Carter $1,000,000

The pop star who once stole the hearts of many little girls has now stolen a lot of money from Uncle Sam. At least that's what a lien that was filed by the IRS in LA county says.  The lien was filed for about $1,000,000 dating back to 2003.

5. Al Capone $80,000 ($1,073,039 today's value according to inflation rates)

Ah yes, Al Capone.  The famous Chicago gangster who once made jokes about taxes and how the feds could not collect legal taxes on illegal money.  The feds tried many strategies to bring him down and put him away but failed until in 1931 the IRS charged him with tax evasion and was sentenced to 11 years in jail.

4. Pamela Anderson $1,952,000

This sexy Baywatch babe has been listed on the Franchise Tax Board website as top 250 delinquent taxpayers.  Liens have been filed against her in LA county by the IRS for $1,700,173 and Franchise Tax Board for $252,360.

3. Heidi Montag & Spencer Pratt $2,000,000

MTV famous couple, who love attention from the press, have now caught the eyes of the IRS.  The couple is said to be bankrupt, homeless living with Spencer's dad, and owing about $2,000,000 in back taxes. 

2. Chris Tucker $3,600,000

Comedian/Actor famous for his role in "Rush Hour" is also in trouble with CA FTB.  Tucker owes taxes to the state of California for 2001-2002 and 2004-2007.

1. Joe Francis $33,800,000

Famous for his Girls Gone Wild videos, Joe was in trouble with the IRS and had a lien filed against him for $33,800,000.  Papers say that he sued the IRS and won.  No news on the lien being released.

So what can we all learn from this?  Know what's going on with your finances and taxes. Hire a professional before it's to late.