Celebrity Feed

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 →

The National Football League kicks off its 2012 season tonight, so naturally I'm thinking about taxes. Hey, it's my Dallas Cowboys against the New York Giants. Given the Pokes recent history with their NFC East rival, I'll be much less angry and frustrated dealing with taxes than what probably will happen on the field tonight. Photo my ME! at Cowboys vs. Detroit game in Jerry's World. We won! The good tax news is that current NFL players apparently are meeting their tax responsibilities. But for some former NFLers, it's a different story. K.R. Hoffman & Co., LLC, a tax advisory... Read more →

"Should our tax voyeurism really be allowed to supersede the right of tax privacy we all enjoy? I don't think so." I wrote that last fall after actor Alec Baldwin and a New York state senator got into a public spat via Twitter about making personal tax returns public. I was wrong. Back then, my main arguments were (a) that most candidates don't do their own taxes so their filings offer no insight as to their personal understanding of the tax code or their ability to fill out the forms and (b) "you can be sure that if returns are... Read more →

The July Fourth holiday was sandwiched last week at my other tax blog by some tax fireworks. Mother Nature produces her own pyrotechnics via severe weather. Alabama found that out firsthand last spring when it was hit by deadly tornadoes. So this year, Alabama officials decided to hold a Severe Weather Preparedness Sales Tax Holiday. And divorces are famous for the flames thrown by soon-to-be ex spouses. When it comes to celebrity breakups, it often is even more fiery. That's why all eyes are on TomKat, aka Tom Cruise and Katie Holmes. From a tax geek standpoint -- yeah, that's... Read more →

John Edwards, now Roger Clemens. Before that we had the reversal of the bungled corruption case against the late Sen. Ted Stevens. The Department of Justice avoided courtroom complications but not controversy with its settlement agreement in its antitrust case against Apple and two publishers over alleged e-book price fixing. And let's not even get into the the DOJ's oral arguments before the Supreme Court on health care. Regardless of where folks stand on this law, almost everyone agrees that the government's presentation before the justices was not one of its best moments. So what is up with federal lawyers?... Read more →

One woman received a multimillion state tax refund. Another woman allegedly didn't pay her federal taxes for years on the millions she earned. Both were subjects of posts last week at my other tax blog. Grammy-winning singer Lauryn Hill says she went underground for personal and creative reasons. It also, contends the Internal Revenue Service, was a way for Hill to escape paying federal taxes in 2005, 2006 and 2007. During those three years, Hill reportedly earned an estimated $1.8 million in income, mostly from recording and film royalties. But according to charges filed against her, she never reported the... Read more →

It's been quite a week for Mark Zuckerberg. The Facebook founder turned 28 on Monday, May 14. On Friday, he watched his collegiate start-up go public. The initial public offering was more subdued than he wished, but the stock did end the day up a few cents per share. A day later, Zuckerberg and his long-time girlfriend, Dr. Priscilla Chan, got married. Photo courtesy Mark Zuckerberg's Facebook page. Congratulations to the couple, who pulled off the surprise wedding at the perfect time. While all the world was watching the hoopla surrounding the Facebook IPO, Zuckerberg and Chan invited around 100... Read more →

Paul Hogan, better known to American moviegoers as Crocodile Dundee, and Australian tax officials have reached a settlement. Hogan and Oz tax officials have been going at each other for eight years over the $150 million in Australian currency ($156 million in the U.S. and £96 million in Great Britain) that national tax officials said the actor owed in taxes and penalties. At one point Hogan challenged Australian tax collectors to "come and get me, you miserable bastards." They didn't do that, but when Hogan returned to his native country in 2010 for his mother's funeral, officials briefly prevented him... Read more →

Are you ready for some baseball? Opening Day 2012 begins in Miami with the renamed Marlins meeting the World Champion St. Louis Cardinals in a new $650 million ballpark in South Florida. The only thing missing is Albert Pujols. The slugging first baseman opted during the off season to sign with the Anaheim Angels, or as they pretentiously were renamed, the Los Angeles Angels of Anaheim. Despite his success in St. Louis and the fan adoration, it's not surprising that Pujols moved. The Cardinals' bank account wasn't big enough to sign the aging (yes, early 30s is old in major... Read more →

On March 21, 1963, the most famous U.S. federal prison slammed its doors for good. Alcatraz Island was home to the first lighthouse on the West Coast. That beacon is still there, but The Rock also housed military installations, was the birthplace of the American Indian Red Power movement and remains a bird sanctuary. Alcatraz Island at dawn via Wikimedia But most of us know Alcatraz for one thing, its infamous penitentiary. The facility could hold more than 300 prisoners and thanks to Hollywood everyone knows about Robert Stroud, the Birdman of Alcatraz. Other famous criminals, however, also spent time... Read more →

And the winner is "The Descendants." OK, so it was the only nomination in this obviously fake Academy Awards category. But still, film and tax geeks (and yes, there are some of us who fall into both categories) are jazzed. That the plot of this George Clooney movie involves estate planning got attention from the tax world a couple of months ago when the movie and its cast were Golden Globe award contenders. The film won the Foreign Press Association's award for best drama and Clooney was named best actor. Now with the Oscars being handed out on Sunday, all... Read more →