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Accounting for the Stars
Editors' Picks
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Unreasonable IRS Demands Squash Bunnymen Tour
British rock band Echo & The Bunnymen have canceled their U.S. tour, citing unreasonable demands from the IRS. Read more
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Anna Nicole Smith Estate Hit with IRS Tax Lien
October 20, 2009The Internal Revenue Service has filed a $125,112.86 federal tax lien against the late Anna Nicole Smith, nearly two years after the former Playboy Playmate of the Year and reality TV star died.
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Drafting Trusts in Estate Planning
September 21, 2009Published: June 17, 2009
Published by: Lorman Education Services -
Baldwin Brother Goes Bankrupt
July 22, 2009Actor Stephen Baldwin and his wife have filed for Chapter 11 protection after incurring millions in debt, including a hefty sum owed to the IRS.
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Can Jon & Kate Split 8?
June 24, 2009Just in time for Jon and Kate Gosselins impending divorce, the IRS has released a very helpful form.
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Former QB Kosar Files for Bankruptcy
June 22, 2009Former NFL quarterback Bernie Kosar has filed for bankruptcy, listing debts to the IRS and Broward County, Fla., along with debts arising from the collapse of the Florida real estate market.
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Cher Sues Universal for $5 Million in Royalties
June 4, 2009Singer and actress Cher, and the heirs of her late husband Sonny Bono, have sued Universal Music Group for $5 million, claiming the record company did some creative accounting in hiding revenue from two of her greatest hits collections.
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Last Charge Dismissed for Indy 500 Champ Castroneves
May 26, 2009The final charge against race car driver Helio Castroneves in his tax case was dismissed just two days before he went on to win the Indianapolis 500 for the third time.
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Marcum Merges with Rachlin
May 21, 2009Marcum & Kliegman LLP is combining forces with Rachlin LLP, expanding the New York firms presence to Rachlins home base in Florida.
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What If Accounting Firms Were Like the Starship Enterprise?
May 20, 2009To boldly go where no man has gone before could well describe the kind of work accountants have to go through with their clients shoeboxes full of receipts and bills.
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Feds Sue Mike Tysons Ex, Robin Givens, over Tax Bill
May 8, 2009Federal authorities have sued actress Robin Givens, ex-wife of heavyweight boxer Mike Tyson, for nearly $300,000 in unpaid taxes, interest and penalties stretching back 13 years.
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Grey's Anatomy Star's Divorcing Husband Accuses Accounting Firm
May 7, 2009The estranged husband of actress Kate Walsh has filed papers asking a judge to force her accounting firm to produce more financial information about her and their home.
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Lettermans Top 10 Things About Being an Accountant
May 6, 2009In conjunction with the close of tax season, the 'Late Show with David Letterman' presented a group of accountants listing the top 10 lessons they have learned as accountants.
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Snoop Dogg Hit with Tax Lien
April 27, 2009Rap singer and actor Snoop Dogg is facing a tax lien from the state of California, along with assault charges. His real name, Calvin Broadus Jr., shows up on a list of California tax scofflaws, alongside the likes of Burt Reynolds, Dionne Warwick and Sinbad.
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Racecar Driver Castroneves Acquitted of Tax Charges
April 20, 2009After six days of deliberation, a Miami jury found two-time Indianapolis 500 racing champion Helio Castroneves not guilty of tax evasion.
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Shooting for the stars
April 19, 2009The Internal Revenue Service now has a new interest in sports and entertainment - and not just as a spectator.
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Stars Make California List of Tax Scofflaws
April 14, 2009Burt Reynolds, Sinbad and Dionne Warwick get named and shamed.
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Video: Joe the Plumber Takes on the IRS
April 6, 2009Joe the Plumber has made his next mission the abolition of the Internal Revenue Service.
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HHS Nominee Pays $7,040 in Back Taxes
April 1, 2009Secretary of Health and Human Services nominee Kathleen Sebelius became the latest prospective Cabinet member to run afoul of the Tax Code after she admitted to recently paying $7,040 in back taxes and $878 in interest.
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U.S. Trade Rep Nominee to Pay Back Taxes
March 3, 2009Ron Kirk, the Obama administration's nominee for U.S. Trade Representative, has agreed to pay $9,975 in back taxes he owed on $37,750 in speaking fees.
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Obama Budget Includes Tax Increases on Wealthy
February 26, 2009President Barack Obama presented his budget for fiscal 2010, including about $318 billion in tax increases mainly targeted at the wealthy.
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Palin Owes Taxes on Per Diem Payments
February 20, 2009Alaska Governor Sarah Palin will have to pay taxes on $16,951 in travel allowances that she billed the state for days she worked from home in Wasilla.
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Pro Golfer Thorpe Charged with $1.6M in Back Taxes
February 12, 2009The Internal Revenue Service has charged PGA champion golfer Jim Thorpe with income tax evasion for failing to pay $1.6 million in back taxes.
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Tips on Tax Compliance for Cabinet Nominees
February 11, 2009The Association of Chartered Certified Accountants has some advice for Obama administration officials and erstwhile nominees who have run afoul of the Tax Code, as well as regular taxpayers.
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Labor Secretary Nominee Has Tax Problems Too
February 6, 2009In the latest sign of tax trouble in the Obama cabinet, Labor Secretary-designate Hilda Solis' husband had tax liens filed against him.
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Judge Denies Dismissal of Helio Castoneves' Tax Charges
February 6, 2009Race car driver and "Dancing with the Stars" champion Helio Castroneves will be facing the music after a judge denied a motion to dismiss some of the counts in his upcoming tax evasion trial.
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'Girls Gone Wild' Founder Won't Go Wild Anymore
February 5, 2009Girls Gone Wild founder Joe Francis was arrested after he showed up five hours late to a court hearing in his tax evasion case.
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Heavy Metal Rocker Cheated by Accountant
February 3, 2009Rock guitarist Yngwie Malmsteen has won $820,000 in damages from his former accountant.
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Daschle Bows Out After Tax Problems
February 3, 2009Tom Daschle, President Obama's pick to lead the Department of Health of Human Services, has withdrawn his nomination amid revelations that he recently owed more than $140,000 in taxes and interest.
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Daschle Apologizes for Unpaid Taxes
February 2, 2009President Obama's pick to lead the Department of Health and Human Services, former Senate Majority Leader Tom Daschle, apologized for owing $140,000 in back taxes and interest.
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Geithner Admits Back Tax Problems
January 14, 2009Treasury Secretary-designate Timothy Geithner admitted owing more than $34,000 in self-employment taxes between 2001 and 2004.
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Kerik Pleads Not Guilty to Tax Charges
January 5, 2009Former New York City Police Commissioner Bernard Kerik pleaded not guilty last week to tax fraud charges.
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NBA Athlete Charities Not Playing for Keeps
December 30, 2008An analysis of charitable foundations set up by professional basketball players found that many of them spend only a fraction of their money on charitable activities.
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IRS Raps Doug E. Fresh with Tax Lien
December 22, 2008Rap singer Doug E. Fresh is facing tax liens from the federal and state government, along with foreclosure of three homes.
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Editors' Picks
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Broker-dealers weather the crisis
What they did - and what they're doing differently
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Rangel Plans to Renew Expiring Tax Breaks
House Ways and Means Committee Chairman Charles Rangel, D-N.Y., intends to introduce legislation next month that would keep a variety of tax breaks from expiring before the end of the year.
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LAUNCHING A PRACTICE: Removing the Barriers to Entry
CPAs are brilliantly positioned to become successful and profitable wealth managers, yet they often face barriers that, without proper planning, can keep them from taking the necessary steps to create an additional profit center.
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