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U.S. Olympians Are Being Taxed For The Medals They Win In Sochi! Get The Greedy Deets HERE!

Filed under: ZportzBusiness BlitzOlympics

us olympians taxed for medals

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

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Michael Jackson’s Estate Owes $702 Million In Taxes! See Why HERE!

michael jackson estate owes 702 million dollars taxes

It’s like the dramz never ends for this family!

The IRS has been very busy making sure that Michael Jackson’s estate pays them what they’re owed, and they found a lot of missing cash!

Reportedly, MJ’s estate owes $505 million in back taxes, but because they weren’t paid, they also owe penalties of $197 million!

How in the world did they miss that much moolah?!

When the King of Pop passed away, his executors said his net worth was around

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Keyshia Cole Has A Little Run In With The IRS! Owes How Much In Unpaid Taxes?!

keyshia cole taxes irs owe debt

Eep, this does not look good for Keyshia Cole!

After her headlining tour in 2009 with the likes of TLC, Lil Kim and The-Dream, the singer failed to pay her taxes on that profitable year and now the federal government is demanding she pay it ASAP!

According to a lien that was filed last November, the government is claiming Keyshia owes a pretty little sum to the tune of $162,158.93 to the IRS!

Yikes!

We're sure that's probably not too much for the Heaven Sent singer, but it does look like the songstress shouldn't have cheated the IRS, those people are ruthless!

We hope you get this all settled soon!

[Image via Daniel Tanner/WENN.]

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Courtney Love Needs To Pony Up Over $260,000 To The IRS!

Filed under: Legal MattersCourtney Love

courtney love tax lien irs

Is this why she's releasing a memoir and a new album??

We're not totes sure, but there does seem to be a little connection going on as Courtney Love was recently hit with a major tax lien by the IRS.

The IRS filed the lien against Courtney as it appears she owes $266,861.01 in back taxes from 2009 and 2011!

But we're sure Courtney will be able to dig her way out of this mess because it's not her first time owing Uncle Sam!

She was supposedly hit with a tax lien in 2009 for owing $324,335.21 and ended up paying that off.

Just put something juicy in that memoir, Courtney, and we're sure that bill will be gone in no time!

[Image via Derrick Salters/WENN.]

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Jay-Z's Former Roc-A-Fella Partner Damon Dash Owes Millions!

Filed under: Legal MattersBusiness Blitz

damon dash hrc

Damon Dash, Jay-Z's former business partner, has 99 problems and unpaid taxes are 99 of them.

Damon, who co-founded Roc-A-Fella records with Jay-Z, is now a Broke-A-Fella! It just came out that he officially owes the federal government over 2.8 million dollars… AKA what Jay-Z makes every hour(-long Samsung commercial he's in). LOLz! ;)

Damon has neglected to pay around $2.6 million in taxes in 2005 and the rest in 2011. Now, the IRS has filed a federal tax lien on him! Now that there's a lien on him, Damon probably wishes Jay would sing "lean on me."

According to Damon, he owes millions in back taxes to the states of New York and New Jersey, and he's had to foreclose multiple properties. Maybe he can get some advice from Nicolas Cage who got into tax problems for buying an island and creating Jurassic Park?

[Image via HRC/WENN.]

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Lauryn Hill Thinks Reverse Racism Is 'Ridiculous!' Blames Jail Time On Historical Racism!

Filed under: Legal MattersLauryn Hill

laurynhill

On the day before going to prison for three months for unpaid taxes, Lauryn Hill went on at great length in an open letter on Tumblr about racism and, in turn, reverse racism.

Here's what she had to say:

"The concept of reverse racism is flawed, if not absolutely ridiculous. Most, if not all of the negative responses from people of color toward white people, are reactions to the hatred, violence, cruelty and brutality that they were shown by white people for centuries."

Lauryn went on to further question the legitimacy of reverse racism based on historical context:

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Mary J. Blige's Tax Woes QUADRUPLE To $3.4 Million!

Filed under: Busted!Lauryn HillMary J. Blige

mary j blige tax lien millions

Whoa!

While it was first reported that Mary J. Blige owed a heaping $900,000 to the New Jersey state in taxes, we've come to learn that she actually owes an INSANE $3,426,255.43 in total between NJ and federal taxes!!!!!!

Believe it!

The Grammy winner ignored bills from the IRS in 2009 for $574,907.30, 2010 for $2,203,743.53, and 2011 for $647,604.60 AS WELL AS the initial $901,769.65 she needs to cough up to the Garden State.

Let us also not forget that she defaulted on a $2.2 million bank loan and the charity that is suing her for never paying back a $250,000 loan.

OUCH!

We'd advise her to break out that check book and fast, but something tells us not even an uber-successful songstress like Mary has that kind of cash!

Looks like Lauryn Hill could very well be getting a musically-inclined cell mate!

On the bright side, wouldn't they would make a GREAT singing duo??

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