Tuesday, July 28, 2009

Newest Celebrity Tax Evaders

It seems like every day there is a new celebrity making headlines for tax problems. Over the past week, there have been three different famous faces that got added to the list of stars who mishandled their taxes. Check out the following explanations of each celebrity’s tax debts, or to learn more about other celebrities with tax problems check out this list of the 10 most famous tax evaders of all time.

Sean “P. Diddy” Combs

Yesterday it was announced that P. Diddy’s Atlanta based “Justin's Restaurant” reportedly owes the IRS $7,373 in unpaid back taxes. According to Detroit News, the IRS filed tax lien against the restaurant on May 18th in the New York Department of State. Combs’ spokesman blamed the tax debt on a series of errors, and claimed that a check has already been mailed out to the IRS.

"{The restaurant’s} new address was on file with the IRS, so it is surprising this happened," the spokesman said.

Chris Tucker

Another surprising recent celebrity tax evader is none other than Rush Hour star Chris Tucker, who’s problems are much more serious then Combs’. According to AllHeadlineNews.com Tucker owes a whopping $3 million to the state of California. Reports suggest that the problems stem from the years 2001-2002 and 2004-2007.

Stephen Baldwin

Stephen Baldwin, who has appeared in numerous reality television programs, filed Chapter 11 bankruptcy protection with his wife earlier in the week. The Baldwin’s owe the IRS $749,974.03 for unpaid taxes between 1999 and 2008. They also owe withholding taxes in the amount of $139,288.30 for a company, Predestined Pictures.

Stephen, 43, is the brother of fellow actors Alec, Daniel and William Baldwin. His movies include “The Young Riders,” “Last Exit to Brooklyn,” “The Usual Suspects” and “Mrs. Parker and the Vicious Circle.” More recently, he has appeared on reality TV series such as “The Celebrity Apprentice” and “I’m a Celebrity … Get Me Out of Here.”

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