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IRS Charges Wyclef Jean With $2.1 Million In Tax Liens

Wyclef Jean, who appears ready to be Haiti’s new president, owes the Internal Revenue Service more than $2.1 million, according to federal tax liens filed against the musician, The Smoking Gun has learned.

IRS Charges Wyclef Jean With $2.1 Million In Tax Liens

In May, the IRS filed a $724,332 tax lien against Jean. Last July, the agency filed a $599,167 lien against the performer. And a $792,269 lien was lodged against Jean in July 2007. The liens cover taxes due on Jean’s individual 1040 returns for 2006, 2007 and 2008. Copies of the liens, which were filed at the Bergen County clerk’s office in New Jersey, can be viewed at left.

In 1998, Jean–whose given name is Nel Wyclef Jean–purchased a $1.85 million home at 8 Cameron Road in Saddle River, where he lives with his wife Claudinette and their family. The three IRS liens were filed against Nel W. Jean at the Cameron Road address.

Other records show that Jean, 37, has previously been the subject of two smaller tax liens filed against him by the State of New Jersey and the New York State Tax Commission, both of which were eventually satisfied.

Following the Haitian earthquake, TSG reported on Jean’s questionable handling of the finances of his charitable foundation. Along with filing tax returns years late, Jean used his foundation to pay himself and a business partner more than $410,000 for rent, production services, and Jean’s appearance at a benefit concert.

Though the Wyclef Jean Foundation had operated at a deficit and experienced cash flow problems, Jean actually paid himself and a partner (his cousin Jerry Duplessis) $65,000 in upfront rent payments for space at a Manhattan recording studio the duo owns. The prepaid 25 months worth of rent covered the foundation’s use of a café table in the studio’s kitchen. Jean’s foundation has received millions in donations since the Haiti tragedy, but it is unknown how the group has spent those funds.

Along with attempting to rebuild a devastated country, the next Haitian president will be in charge of handling foreign aid payments as well as the nation’s own limited financial resources.

Sheds a whole new light on him wanting to flee the country and become the president of Haiti, no?

source: IRS Hits Wyclef With $2.1 Million In Tax Liens [the smoking gun]

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Chris Tucker Owes The IRS $11 Million

Chris Tucker Owes The IRS $11 Million

Chris Tucker‘s tax problems have just gotten a lot worse because he is now in debt of over $11 million with the IRS for not paying his taxes.

The IRS filed a lawsuit against Tucker saying that he owes them this amount of money for the following years:

2001 — $4,007,794.34
2002 — $5,060,074.23
2004 — $55,544.84
2005 — $660,414.94
2006 — $1,788,080.91

TMZ say that last year the State of California also filed a lawsuit against him for over $3 million for the same years. Apparently he earned $20 million for Rush Hour 2 and then $25 million for Rush Hour 3 so how the hell can he not afford to pay off his taxes?

source: Chris Tucker — 11 Million Tax Problems [TMZ]

Popularity: unranked [?]

 

Lindsay Lohan Owes $600,000 In Credit Card Debt

It’s just a few weeks since reports that Lindsay Lohan is broke and running out of money started floating around, well here is more fuel to add to that fire – she is apparently $600,000 in credit card debt.

Lindsay_Lohan_Owes_600000_In_Credit_Card_Debt

Lindsay has been getting photographed falling out of clubs a lot recently and hasn’t done a single days work, unless of course you consider getting paid to do club appearances but she is only getting between $5,000 to $10,000 at most for that.

A source said “Lindsay owes credit cards $600,000, one card cut her off last week and it’s only a matter of time before all her other credit cards cut her off too. One credit card company is going to discuss a payment plan for Lindsay. But if she doesn’t have the income and can’t make her payments, they are prepared to sue her.”

You know it’s really bad when credit card companies are cutting you off, Lindsay Lohan is in dire need of Suze Orman to get in her life and sort her out.

source: Cash-strapped Lindsay Lohan owes $600,000 in credit card debt: report [NY Daily News]

Popularity: unranked [?]

 

Hillary Clinton Fundraiser Snags Bon Jovi

The final note of Hillary Rodham Clinton‘s presidential campaign may very well be sung by Jon Bon Jovi.

The musician is performing at a fundraiser for the former presidential candidate as she tries to close out her campaign debt, which stood at $6.3 million as of last month.

The Jan. 15 performance at Manhattan’s Town Hall is being billed as “a final evening in support of Hillary Clinton for President Debt Relief.” Ticket prices range from $75 to $1,000.

The former first lady and New York senator has been working to pay down her debt to clear the way for confirmation as President-elect Barack Obama’s secretary of state. Federal ethics rules prohibit Cabinet officials from actively soliciting campaign contributions.

Clinton wrote off $13.1 million in personal loans to the campaign.

Popularity: unranked [?]

 
 


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