Pamela Anderson is in the news again but not necessarily for the reasons she hoped. The former Baywatch babe and Playboy model had hoped to cause a stir upon the release of her new pop song, "High" in early 2010 (the song is co-produced by fashion, um, designer Richie Rich). Instead, she's making headlines for high... tax liens.
WalletPop previously reported on Pam's money woes in October, which were allegedly related to construction problems at her dream home.
The actress tried to downplay concerns about her finances in the press, saying, "Mistakes may have been made in calculating taxes owed and we are now in the process of ensuring that any taxes owed are paid."
Those mistakes have led to a pair of problems for the actress. The IRS has filed a $1,700,173 lien against Anderson with the Los Angeles County Recorder of Deeds. Earlier this year, the state of California filed a $252,360 tax lien against her in Los Angeles.
A federal tax lien can only be filed by the IRS after the tax is assessed; a Notice and Demand for Payment is mailed; and the taxpayer neglects or refuses to fully pay the debt. If payment isn't made after 10 days of receipt of the notice, the IRS files a tax lien for the amount of the debt. The lien attaches to property (such as Pam's house) and puts other creditors on notice.
State tax liens generally operate in the same manner.
Despite the liens and rumors about her finances, the 42-year-old mother of two swears she'll be fine. She's weathered storms before, including a number of divorces, spousal abuse and a hepatitis C diagnosis.
The not-so-naturally blonde bombshell first made news in 1989, when she modeled for Playboy magazine. She has since made the cover of a number of magazines and was named by the Guinness Book as the world record holder for being the "most down loaded" star.
Pamela Anderson hit with a pair of tax liens