Actor Stephen Baldwin made another large payment towards his substantial tax debt recently. The payment was a part of an installment plan to resolve the tax dispute with state authorities after it was discovered that he had not paid an appropriate amount of taxes from the years 2008, 2009, and 2010.
As the government shutdown continues, many Californians who have pending business with the government have been left with a lot of questions. For those currently involved in a tax dispute or an audit, figuring out what to do next in light of the shutdown can be confusing and stressful.
In our last post we talked about tax troubles faced by celebrities. Specifically, Wesley Snipes and MMA fighter Nick Diaz have both garnered headlines in recent years. Snipes was sentenced to three years in prison for failing to file returns in 2008. And Diaz mentioned at a press conference that he has never paid taxes, leaving some to speculate whether he may face charges of failure to file or tax evasion.
Many people follow celebrity news to stay up-to-date on pop culture, gossip and the latest fashion trends. Some people consider the rich and famous to be role models for building a brand and running a business. But it doesn't stop there.
Those in the Bay Area who have been following our column understand that one of the main tasks of the Internal Revenue Service of late has been to collect uncollected taxes. The IRS has been using a carrot and stick approach to fill their coffers with the money owed.