U.S. Olympians Earnings & Taxes From London 2012 Games [Infographic]

As the United States Olympic team heads back from a very successful showing in the 2012 London Olympics the IRS is eagerly awaiting their return. U.S athletes are responsible for paying income tax on any winnings that they had overseas and some tax law precedence also says that they must pay taxes on the actual value of the medals they received.

For the 2012 London Olympics, […]

Latest Celeb Tax Liens: Robin Thicke & Paula Patton, The-Dream

Robin Thicke Paula Patton The-Dream Tax Lien

January has been a popular month for celebrity tax liens.

The IRS has hit singer-songwriter Robin Thicke and his wife, actress wife Paula Patton, with a $492,583 tax lien.

Although the tax lien was filed against the stars’ Los Angeles mansion in December, sources close to the couple […]

Emmanuel Lewis Fails to Pay Taxes, Loses Home

Emmanuel Lewis Taxes

Former child actor Emmanuel Lewis has lost his home to foreclosure as a result of his failure to pay taxes.

According to documents obtained by TMZ, Lewis neglected to pay a total of $44,081.41 in state, county and school taxes between 2007 to 2010.

The 40-year-old, 4’3″ tall television star’s Fayette County, GA […]

IRS Files $530k IRS Tax Lien Against Christie Brinkley

Christie Brinkley Tax LienChristie Brinkley reportedly owes $531,720 in back taxes on her $30 million Bridgehampton, NY mansion. The IRS filed a tax lien against the 57-year-old former supermodel on November 21st.

Brinkley – who was once famously married to rock star Billy Joel – had been trying to sell […]

Why is There So Much Interest in Candidate Tax Returns?

Candidate Tax ReturnsIt’s become almost a matter of course: If you are running for public office, you are expected to release your tax return each year. This is especially true if you are running for “higher” offices. Most mayoral candidates aren’t expected to release their tax returns, but if the candidate […]