There are hundreds, if not thousands, of cases that you can find all over the internet and local news about people not paying their taxes. From local business owners, to politicians and even celebrities of all kinds – this is not something that should be new to us as American citizens. So what should you do if this happens to you? What should you do if a letter shows up in your mailbox one day? With over 20 years of tax debt relief experience, the team at Talon Tax has some insightful ideas and topics of discussion on this matter.
Marc Anthony Owes New York $2.5 Million in Back Taxes
Singer Marc Anthony has agreed to pay about $2.5 million in back taxes, interest, and penalties to the State of New York due to his failure to file returns for five years, the Manhattan District Attorney announced Wednesday.
Anthony has not been charged, but his manager, accountant, and his three companies all pleaded guilty to tax crimes in a plea deal reached with the Manhattan District Attorney’s office. Anthony must pay the $2.5 million by June 1.
A state Department of Taxation computer drew attention to Anthony when it kicked out his state return due to discrepancies, according to Peter Farrell, an assistant deputy commissioner of the department.
The New York born Anthony, who is married to singer and actress Jennifer Lopez, was not charge due to his reliance on his accountant to file his tax returns, Manhattan District Attorney Robert Morgenthau said. Continue reading