Celebrity Feed

Italian fashion designers Domenico Dolce and Stefano Gabbana have officially filed an appeal of their tax evasion conviction. Both men were sentenced in June to one year and eight months each in prison after being found guilty of contributing to tax declaration omissions in the 2004 sale of some of their clothing lines to Gado, a Luxembourg-based holding company. The sale, argued prosecutors, allowed Dolce & Gabbana, as their brand is known, to avoid Italy's high rate by paying a lower tax in Luxembourg. D&G have consistently denied the charges. Their 90-page appeal document, filed this week at Milan's courthouse,... Read more →

Sophia Loren, Italy's most renowned, honored and for moviegoers of a certain age hottest actress has been cleared of tax evasion charges after nearly 40 years. You read that right. The 79-year-old actress was convicted of and served jail time on charges from 39 years ago that she did not pay taxes on some film earnings. At issue was Loren's 1974 tax return. She declared less income to Italian tax authorities that filing year because, argued Loren, her compensation for work on Vittorio De Sica's The Voyage/Il Viaggio was deferred. That payment arrangement dropped her into a lower tax bracket,... Read more →

"Stay (Faraway, So Close)" isn't just the title of a U2 song. It's a good description of the popular Irish rock band's tax situation. The band, fronted by Bono and The Edge, has sold more than 150 million records and is estimated to be worth around €805 million ($1.1 billion U.S.). And like lots of businesses and their wealthy owners, U2 found a way to reduce its taxes. U2 moved part of its operation from its native Ireland just across the North Sea to Holland in 2006 to take advantage of that country's lower tax rate. The reason? Ireland capped... Read more →

Haute couture designers Dolce & Gabbana have learned a lesson from their run-in with Italian tax authorities, but definitely not in the style of those of us who shop off the rack. While we might have hunkered down and tried to keep a low profile as we battled the tax collector, D&G decided to flaunt riches this weekend on a Milan runway. Click image to see video of the Milan show. High fashion tax evasion charges: In case you don't read Women's Wear Daily or international tax journals, Domenico Dolce and Stefano Gabbana were convicted in June of failing to... Read more →

Fat Joe has traded in his fur coat for an orange prison jumpsuit. The popular rapper, whose real name is Joseph Cartagena, surrendered Monday, Aug. 26, to officials at the Federal Detention Center in Miami, where he lives. Cartagena, 42, will serve four months in Club Fed for tax evasion. He pleaded guilty in December 2012 to failing to pay the Internal Revenue Service tax due on $1 million he earned in 2007 and 2008. Federal prosecutors had charged that Cartagena made more than $3 million between 2007 and 2010, owing around $700,000 in taxes on the money. In addition... Read more →

French actor Gerard Depardieu is now Belgian actor Gerard Depardieu. The award-winning actor raised eyebrows last year when he decided to take up residency in Belgium after the Socialist government in his native France sought to impose a 75 percent tax rate on annual incomes over 1 million euros, or around $1.34 million U.S. Depardieu decided to move 800 yards across the French border to the village of Nechin, Belgium. It already had earned a global reputation as being the spot for French nationals disillusioned with their country. On Saturday, Aug. 24, those expatriate French got a taste of home... Read more →

Ella Mae celebrates Elvis, who is still popular -- and a big earner -- 36 years after his Aug. 16, 1977, death

I am not an Elvis Presley fan, but I grew up with his music. I also fondly remember those hot summer nights at the drive-in in Kermit where we went to see his movies because my dad was a fan. My listening preferences aside, however, I do recognize Elvis' place in musical history. So does Ella Mae. Ella Mae is a cutie pie, a 21-month-old girl who, like me, adores her daddy and, unlike me, loves Elvis. She also looks to have a bright musical future. Check out both Ella Mae's great relationship with her chauffeur father and her melodic... Read more →

You know you are a beyond-all-hope tax geek when you see a headline like the one below and immediately think "Why did Buffy hire a ringer to do her taxes and what exactly is a tax ringer?" instead of realizing that the story is using one of the other possible, non-IRS meanings for "taxing." Tax Forum focus: In my defense, it's been a long day. Who can tell me why every road in North Texas is under construction? But, despite road crews' and detours' best efforts, I'm finally settling into my hotel room just outside of lovely Grapevine, Texas, where... Read more →

James Gandolfini's unexpected death last month in Italy is back in the news, this time because a large portion of the actor's $70 million estate reportedly will be subject to the federal estate tax. The will left by Gandolfini, best known as the complex mob boss Tony Soprano in the HBO television series "The Sopranos," is "a disaster," says a New York estate tax attorney. William Zabel, who was asked by the Daily News to review Gandolfini's will, says the document is "a nightmare from a tax standpoint." The 51-year-old actor made a "big mistake" by leaving 80 percent of... Read more →

Yet another high-profile marriage apparently is about to end in divorce. Media mogul Rupert Murdoch has filed for divorce from Wendi Deng, his third wife of 14 years. The 82-year-old head of News Corporation and his 44-year-old wife are the parents of two young daughters. Expect the breakup to be messy. Murdoch is worth a reported $11.2 billion that comes from News Corp, corporate parent of, to name a few, Fox News, various entertainment TV outlets, a film studio and a publishing empire that counts the Wall Street Journal among its holdings. When Murdoch and his second wife divorced in... Read more →

Boxer Mike Tyson TKOs Fox host with talk pro-tax talk

Former heavyweight champ Mike Tyson can still deliver a punch. This time, though, it was a conservative talk show host who was stunned by the boxer. Tyson, who's currently performing the one-man show "Undisputed Truth" about his often outrageous life, told Fox & Friends host Brian Kilmeade that he wants to pay taxes on the money he makes from the tour. "I look forward to paying off my taxes and paying off my country, because that's my duty," Tyson said. "I know they say that's legal extortion, but listen, I'm living in this country and if I got to pay... Read more →

Nerd Prom, otherwise known as the White House Correspondents Dinner, showcases D.C.'s lighter side

I'm sure you had your own fun stuff to do Saturday night, so you might have missed the Barry and Coco Show. You probably know the duo better as Barack "Barry" Obamaand Conan "Coco" O'Brien. The president of the United States and the late night TBS comedy show host headlined Washington, D.C.'s annual Nerd Prom, or as it's officially known, the White House Correspondents Dinner. C-SPAN, the cable television outlet that provides coverage of federal government proceedings and other public affairs programs on its three channels, has been covering the dinner since before it was cool. You can check out... Read more →

Being a Grammy winning, critically acclaimed, platinum record selling singer-songwriter can sure come in handy if you're in tax trouble. Just ask Lauryn Hill. The former front-woman for the Fugees and successful solo artist (and record producer and actress) has been under Internal Revenue Service scrutiny for failing to file federal tax returns for tax years 2005, 2006 and 2007. During those years, said the IRS, she earned $1.8 million. Last June, Hill pled guilty to the three federal tax charges. Each carries a maximum penalty of one year in prison and a $100,000 fine. At a sentencing hearing on... Read more →

Wesley Snipes has been released from federal prison, just in time for Tax Day 2013. The entertainment website TMZ reports that Snipes was let out of Club Fed on April 2. The actor was convicted in February 2008 of three misdemeanor counts of not filing a federal tax return and started serving his three-year sentence in December 2010. Wesley Snipes signing autographs at Comic-Con 2010. He entered federal prison later that year to serve time for not filing three years' worth of tax returns. (Photo by Athene cunicularia via Wikipedia) Snipes spent most of that term in the McKean Federal... Read more →

The Internal Revenue Service is once again singing "Hurray for Hollywood." It's Academy Awards weekend, meaning stars will descend on Los Angeles. They'll receive swag bags for their participation in the Oscars ceremony. And the IRS will once again get a cut of the loot. The issue of whether the goody bags were gifts or remuneration for being part of the Oscars award presentation came to a head in 2006. That year, the IRS and the Academy of Motion Picture Arts and Sciences notified stars that the value of the items in the bags must be reported as ordinary income.... Read more →

The current U.S. Postal Service is getting a lot of attention today for its announced decision to end most Saturday mail delivery. The reduction in service is designed to cut costs. But an attempt by real estate developer Donald Trump to save some money on a former Post Office facility project has been shut down, too. The Donald, or Trump the Rump as he's known in our house, is planning a new, five-star luxury hotel in the Old Post Office Pavilion on Pennsylvania Avenue. Old Post Office Pavilion in Washington, D.C., via Wikimedia Commons The historic Washington, D.C., structure is... Read more →

One of the first foreign language films I ever saw was The Return of Martin Guerre. Gérard Depardieu was so great that I made it a point to see every movie he made. Heck, I even dragged the hubby to Green Card. Crazy fans like me have made the actor a very rich man. So rich, in fact, that he recently decided it was time to leave his native France for a nearby tax haven. And by nearby, I mean nearby. Depardieu has settled in Nechin, Belgium, a village just 800 yards from the French border. Not only is Nechin... Read more →

Two extremes of tax planning were featured last week at my other tax blog. The week began with the news that the Internal Revenue Service had seized Lindsay Lohan's bank accounts. The troubled actress allegedly owes almost $234,000 in unpaid federal taxes for 2009 and 2010 tax years. And we thought things were bad for LiLo because of New York nightclub incidents, Los Angeles traffic accidents and reviews and ratings for "Liz and Dick." Other taxpayers, however, are paying close attention to all things IRS, including the annual mileage adjustments. These figures are especially important if you use your auto... Read more →

Lindsay Lohan got a special gift this Thanksgiving. Charlie Sheen gave Lohan $100,000 which she reportedly used to pay down her almost quarter million dollar federal tax bill. The two actors, who shared scenes in the upcoming Scary Movie 5 as well as separate troubles with substance abuse, bonded during the movie, according to TMZ. Charlie Sheen, Lindsay Lohan scene from Scary Movie 5 Lindsay and Charlie talked about everything, including at one point Lindsay's ongoing tax problems, reports TMZ. Lindsay initially refused financial help to lessen her Internal Revenue Service troubles, says TMZ, but last week she received the... Read more →

Lindsay Lohan wasn't among the celebrities who attended the Democratic convention last week, but she did the next best thing. Taking advantage of Obama's participation in social media, Lohan dropped the prez a Twitter request in response to a statement in his acceptance speech regarding tax cuts. Lohan has since deleted her online plea for tax relief for Forbes-list millionaires, but not before it was captured in screen shots. It's unclear exactly what Lohan wants -- 140 or less characters does have its drawbacks in dealing with complex topics such as taxes -- but the quotation marks around the word... Read more →