Monday, June 22, 2009

K-Fed's Company Dodges Tax Bill

From DET News:

A company owned by Britney Spears' ex-husband Kevin Federline, a ridiculed rapper and former background dancer, owes $14,371 in federal taxes, records show.

Federline's company, Gooseneck Productions Inc., was set up to handle his "artistic" endeavors, which included the much-maligned tune "PopoZao" and the poor-selling 2006 CD "Playing with Fire."

Federline's finances came into focus last year during a custody battle with Spears. Aside from strip club bills and fancy clothes, court records showed his production company spent $841,129 and made only $544,075.

What's owed:

The IRS filed a $14,371 lien against the company on May 18 in the Los Angeles County Recorder of Deeds office.

His side:

Federline's accountant, Laurence Kantor, could not be reached for comment.

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