Rapper Owes $2 Million in Back Taxes
Rapper Owes More Than $2 Million in Back Taxes
You may not know the name Cornell Iral Hayes Jr. But the IRS does. The government is turning up the heat on the man more commonly known as Nelly. The 41-year-old St. Louis hip-hop star was recently hit with a tax lien worth a staggering $2,412,283 according to TMZ. Prior to being issued his enormous tax lien, Nelly had owed $113,533 to the Missouri Department of Revenue in 2013. To make matters worse, his tax liability increased $149,511 due to additional fees and accrued interest. The rapper could face having his house and assets seized. While it’s getting hot in Nelly’s crib, he’s not the only celebrity to owe the IRS back taxes. Check out this list of high-profiled people who have owed the government millions.
- Nicolas Cage
- Wesley Snipes
- Marc Anthony
- Ozzy Osbourne
- Pamela Anderson
- Burt Reynolds
Tax problems can happen to just about anyone, regardless of your earnings. The truth is countless people throughout Fort Lauderdale owe back taxes. Many either ignore the problem or simply don’t know what to do. Harsh penalties, such as liens, bank levies and wage garnishments take time to be issued. They are often used as a last resort by the IRS to collect the money you owe. If you owe back taxes to the IRS, it can be a helpless feeling. It’s especially challenging if you have lost a job, gone through a divorce or have high medical bills. Fortunately, there are solutions. It’s important to understand the IRS is not going to suddenly blindside you with a tax lien. However, the government will give you plenty of warning through various letters of notification.
Rather than avoid going to your mailbox to deal with your tax problems, one of the best solutions is to hire an experienced Fort Lauderdale tax attorney. Many people don’t know the IRS has fresh start payment plans to help those struggling with tax debt.There are also several different methods a tax lawyer can help. For example, hiring an experienced legal professional can help negotiate with the IRS on your behalf. A tax lawye can also help provide remedies, such as the Innocent Spouse Rule or Offers in Compromise to help more people get back on their feet.
When we see the letters IRS on an envelope, it’s understandable to think the worst. The organization is known as one of the most aggressive collections agencies in the world.But it’s also important to understand the IRS is not in the business to place people in financial ruin. It just simply wants the money you owe. Choosing the right tax attorney is the first step to eliminating your back taxes and taking back control of your life. Tax problems are no different than many other issues. The longer you let the problem persist, the worse it becomes. The key is to take immediate action. When it comes to tax problems, time is not on your side. Don’t continue to procrastinate while your back taxes increase. Call the Fort Lauderdale tax attorneys committed to looking out for your best interests. Contact the legal team at Zuckerman Law, LLC today.