Saturday, August 07, 2010

IRS Hits Wyclef With $2.1 Million In Tax Liens

Shortly after discussing his plans to run for president in Haiti, Wyclef Jean was hit with a federal tax lien. The musician reportedly owes the IRS over $2.1 million in unpaid taxes. Check out the following story on Wyclef’s tax problems courtesy of The Smoking

    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.

    In 1998, Jean--whose given name is Nel Wyclef Jean--purchased a $1.85 million home at 8 Cameron Road in Saddle River, [New Jersey] 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.

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