From the category archives:

taxes of the rich and (in)famous

Romney’s Tax Returns are Remarkably… Unremarkable

24 January 2012

I know, I know. You, like me, woke up this morning and your first thought was: what’s on those darn Romney tax returns? Okay, maybe you didn’t. But I did (true story, ask my husband). And not because I really care in a this-will-dramatically-change-my-life kind of way but rather I was interested in what the [...]

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After Loss, Romney to Release Tax Returns

22 January 2012

So, show of hands: who really thought that former Massachusetts Governor and current GOP presidential hopeful Mitt Romney would win South Carolina? My hand will stay firmly by my side. I expected Romney to lose South Carolina. I also still fully expect him to get the nod from the party at the GOP Convention despite [...]

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Fix the Tax Code Friday: Buffett’s Tax Advice

26 August 2011

It’s Fix the Tax Code Friday! This week, Warren Buffett continued to be all over the news for his statements about taxes for the very wealthy. In case you’ve missed it, Buffett has amped up the rhetoric on tax reform by suggesting that those in higher brackets benefit disproportionately from existing breaks in the Tax [...]

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Rapper Beanie Sigel Back in Court, This Time On Tax Charges

10 August 2011

Rapper Beanie Sigel, whose real name is Dwight Grant, may be facing more time in prison – this time for tax troubles. The Philadelphia rapper pleaded guilty this week to failing to file federal income tax returns for 2003, 2004 and 2005. The IRS believes that Sigel failed to pay nearly $350,000 in federal income [...]

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Rapper Ja Rule Sentenced in Tax Case

19 July 2011

Rapper and actor Ja Rule, whose real name is Jeffrey Atkins, was sentenced this week to more than two years in federal prison for failing to file income tax returns between 2004 and 2006. He had faced up to three years in prison for the charges. The sentencing follows a plea agreement into the rapper’s [...]

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Show Biz Lawyer Finally Sentenced in Massive Fraud Case

11 June 2011

The bizarre saga involving former Hollywood tax attorney Matthew G. Krane appears to finally have come to a close. Krane was sentenced yesterday to 2-1/2 years in federal prison for his role in a tax shelter scheme. Krane had pleaded guilty in 2009 to evading tax by failing to claim $36 million in undeclared income [...]

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Tax Attorney Alleges Racism at Gucci

8 June 2011

Josephine Robinson, a former tax attorney for the Italian luxury fashion house Gucci has filed a lawsuit accusing the company of racial discrimination. The lawsuit, Robinson v. Gucci America (U.S. District Court, Southern District of New York, No. 11 CV 3742) which was filed on June 2, specifically names top executives in the company, including [...]

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And Scene: Snipes Denied by the Supreme Court

6 June 2011

When Wesley Snipes was found guilty on tax evasion charges, he vowed to appeal. And appeal he did. Over and over. That, however, may finally be coming to an end. This morning, Snipes’ petition for certiorari was denied by the Supreme Court. You might have heard this referred to as “denied cert” or “cert denied” [...]

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Sharon Osbourne Tweets IRS

2 May 2011

Awhile back, I blogged the story of the Osbourne tax lien. Ozzy and Sharon Osbourne, as you may recall, were smacked with a $1.7 million tax lien for tax troubles stemming from the years 2008 and 2009. Sharon Osbourne tweeted about the lien, blaming her financial advisors for her tax woes. Unlike many of my [...]

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Texas Sized Tax Break for Yacht Owners

30 April 2011

It seems like most states these days are crying poor, claiming that lower revenues mean that taxes must be raised and cuts may be had. Apparently that is not the case in Texas. One day after I saw this CNN report about the $60 million high school football stadium being built outside of Texas (yes, [...]

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