Former New York Times film critic Elvis Mitchell, now a host on Turner Classic Movies' "Under the Influence," is reportedly in big trouble with the IRS: The agency claims he owes half a million bucks in back taxes. The Detroit News breaks it down:
The IRS filed a $91,968 lien against Mitchell on Aug. 28 in the New York City Register's office
The IRS filed a $277,015 lien against Mitchell on Aug. 27 in New York.
The IRS filed a $136,130 lien against Mitchell on April 27, 2007, in New York.
Questions about Mitchell's financial situation were first raised when U.S. border patrol guards busted him with $12,000 in undeclared cash and Cuban cigars last year. At the time, Mitchell claimed: "I have a fear of banks, so I keep my cash in my house and I grabbed the wrong box." That fear may be understandably justified: With all those tax liens against him, any money that he had in the bank would be confiscated immediately.
Perhaps the most amazing part of this story is how Mitchell apparently managed to run up $500,000 in back taxes. . . Who knew film critics made that much money? He and his publicist have declined to respond to the media requests of multiple outlets but if the IRS' figures are accurate, it seems likely he hasn't been paying any taxes for a long time.
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Common lifestyle changes, like getting a job or getting married, can change your tax liability. To avoid being caught off guard by an unexpected tax bill or huge tax refund, you'll need to adjust your withholdings on your paycheck.
Not everyone is required to file an income tax return each year. Generally, if your total income for the year doesn't exceed the standard deduction plus one exemption and you aren't a dependent to another taxpayer, then you don't need to file a federal tax return. The amount of income that you can earn before you are required to file a tax return also depends on the type of income, your age and your filing status.
The Internal Revenue Service (IRS) permits you to write off either your state and local income tax or sales taxes when itemizing your deductions. People who live in a state that does not impose income taxes often benefit most from this deduction. However, you might also be better off deducting sales taxes instead of income taxes if you make large purchases during the year and your total sales tax payments exceed those for state income tax. You can use either the actual sales taxes you paid or the IRS optional sales tax tables.