Facing a $1.5 million tax debt, Brian McKnight is ready to talk about the situation. While speaking with Huffington Post, McKnight opened up about his debt, and the ongoing lawsuit he has filed against his former accountant.
In the video clip, McKnight drops some knowledge and advice for other celebrities that could possibly end up in his situation, saying you have to watch every penny and what is going on.
“When you have business managers, when you have folks managing your money, it’s very important that you know where every single penny of yours, not just the dollars, is going,” he said. “And that those people are doing their diligence to make sure that you’re on time with the things that you need to be on time with. Because we basically all work just to pay taxes, let’s be real about that. Practically in my tax bracket. And when those things lapse, there can be some bad things that happen.”
The full interview can be seen above….
According to TMZ, McKnight is suing Vernon Brown and his firm for allegedly ruining his life by failing to pay the IRS any taxes on his behalf for almost a decade. McKnight claims that he now owes Uncle Sam $1.5 million in back taxes including penalties and interest.
The lawsuit also states that McKnight knew he was in tax trouble so he reached out to Congressman Henry Waxman in private to help him out. Waxman contacted the IRS and was able to get McKnight back on an installment plan.
But the 44-year-old singer alleges that Vernon Brown was so incompetent that he screwed up the installment plan and the debt was never paid….
Soul man Brian Mcknight is suing his former accountant. Innocent spouse debt relief is a serious tax problem when it comes to dealing with the IRS and can be avoided easily.
The Back at One singer insists Vernon Brown ruined his life by failing to sort out his tax debt for almost a decade, resulting in over $1.5 million (GBP938,000) in fees and penalties.
The singer also claims his driving license has been suspended, and, because his son shares his dad’s name, his license has been suspended as well.