Tampa Bay Buccaneers Heir Says IRS Trying To Improperly Seize Assets

As the heir of a long time National Football League (NFL) franchise owner, Hugh Culverhouse Jr. knows a little bit about blindsiding. He just didn’t expect to experience it himself from the Internal Revenue Service (IRS). According to Culverhouse, the IRS blindsided him with a demand for payment on a tax liability that doesn’t exist … Read more

Spain’s King Felipe Strips Sister Of Royal Title As Tax Evasion Charges Proceed

King Felipe VI of Spain has removed the title of “Duchess of Palma de Mallorca” from his sister, Princess Cristina, who faces criminal charges of tax evasion. It’s the second big shakeup in the Spanish Royal monarchy in the past two years. On June 19, 2014, King Juan Carlos I abdicated in favor of his … Read more

Footballer Lionel Messi To Face Trial On Tax Fraud Charges

Lionel Messi is having one roller coaster of a month. On Saturday, the FC Barcelona (“Barca”) soccer star helped boost his team to a 3-1 win over Juventus in the UEFA Champions League final, marking the fifth time that Barca has taken home the league trophy. While Messi didn’t score in that game, he clearly played a … Read more

Spanish Courts OK Barca Trial On Tax Fraud Charges Tied To Neymar Signing

It’s been a mixed week for FC Barcelona (“Barca”). Earlier this week, the team advanced to the Champions League final to be played in Berlin, Germany on June 6, 2015. The team will face underdogs Juventus in the match after Juventus bested Real Madrid in the semi-finals. It’s been more than a decade since Barca … Read more

Art Collector Leaves $100,000 In Will To Favorite Waitresses

He was known as the “King of Ming” but Maureen Donohue-Peters knew Robert H. Ellsworth simply as a good customer. The 85 year old Ellsworth, a world renown dealer in Asian art, died last August after a fall. Prior to his death, Ellsworth frequented Donohue’s steakhouse on Manhattan’s Upper East Side nearly every day for … Read more

It’s No Joke: Colbert Announces Funding For All SC Public School Requests On DonorsChoose

Earlier this month, South Carolina public school teachers received some good news when Stephen Colbert announced that he would fund all of their existing grant requests on the web site DonorsChoose.org. The announcement, made at a surprise event at Alexander Elementary School, means that nearly 1,000 projects totaling more than $800,000 in 375 schools will … Read more

Buffett Gets It Wrong On Tax Benefits, Income Gap

Self-made billionaire Warren Buffett is the third wealthiest person in the world, according to Forbes. His net worth is $71.6 billion. He’s probably made a few million in the time that it took for me to write this (you can actually watch his net worth go up and down in real time). He’s super rich. … Read more

Geoge Soros May Owe Billions In Taxes

George Soros knows his way around a hedge fund. The billionaire, who ranks at #29 on Forbes’ list of billionaires (#19 in the United States) has an estimated net worth of $24.2 billion – built largely on Soros’ success with hedge fund management. That number may be about to get a little bit smaller. Hedge … Read more

Wahlberg And Diddy Bet $250,000 On Mayweather & Pacquiao Fight

On May 2, “The Fight of the Century” is happening in Vegas. If you have somehow missed out on the hype, the fight features star boxers Floyd Mayweather and Manny Pacquiao. American boxer Mayweather is currently undefeated as a professional. He has 47 wins and five division world championships. Last year, Forbes put him at the … Read more

10 Notorious Tax Cheats: Pete Rose, Baseball Player

Peter Edward Rose, one of the most famous faces in baseball, turned 74 last week. He still holds more records than any other player in the history of the sport. You’ll find his name plastered all over the record books but not where it matters most to him: the Baseball Hall of Fame. Why not? … Read more