We're learning more about this terrible tragedy.
To recap…last December, Val Kilmer was in debt to the IRS for nearly $500K in unpaid federal taxes, even though he had JUST settled a different debt a few months before that!
Then back in October, we heard that he sold the majority of his New Mexico ranch for $18.5 million, despite the fact that his original asking price was $33 million.
Looks like he made the right move in selling that property, because Val has officially paid up all his debts to the IRS!
What do U think? Could it be time for newly debt-free Val Kilmer to make a comeback???
[Image via WENN.]