Everyone knows that the ultimate goal of the olympics is to return to your home country with a medal or two (or eight, if you're Michael Phelps) draped around your neck!
But what you may have not known is that the highly coveted bling can actually burn quite a hole in your pocket!
That's right! The Internal Revenue Service collects a hefty bonus any time an American Olympian earns a medal! How much, you ask? Oh, just
Tags: 2014 sochi olympics, bill, bonus, business blitz, internal revenue service, irs, medals, olympians, olympics, sochi olympics, tax exemptions for american medalists act, taxable income, taxes, zportz
Anna Nicole Smith tragically passed away in 2007, but that's not stopping the IRS from going after her for back taxes!
The troubled star who died from a drug overdose reportedly owes the Internal Revenue Service $289,123.48!
The government organization has filed several liens against her estate since the year 2000, but say:
"No part of said debt has been paid, and the same is now due and payable in the office of the District Director of Internal Revenue…Said debt has priority must be paid in full advance of distribution to creditors as and to the extent provided by laws."
Uncle Sam is basically taking candy from a baby because Anna's daughter Danielynn, who is being raised by Larry Birkhead, is the sole heir to the estate.
Hopefully they sort this mess out so and there is at least enough money left to pay for Danielynn's college education!
[Image via WENN.]
Tags: anna nicole smith, danielynn, daughter, estate, government, internal revenue service, irs, larry birkhead, lien
Montell Jordan is in trouble with the IRS for not paying $617,987.06 in taxes between 1999 and 2001, but he swears he's handed over the money…it's just with the wrong people.
The Internal Revenue Service filed a Federal Tax Lien for his back taxes, but the This Is How We Do It singer claims the cash is frozen in a bank account administered by the U.S. Trustee Program which was set up when he filed for bankruptcy in 2004.
Jordan sold his
Tags: artist, bankruptcy, debt, internal revenue service, irs, montell jordan, r and b, singer