- Days left

Celebrity Tax Troubles: What You Can Learn from the Stars

×
handcuffs on an American 1040 income tax form indicating tax fraud or evasion
Vince Clements/Alamy
April 15 is just around the corner, and you've put off doing your taxes until now, you may want to read up on the latest tax changes and last-minute filing tips. That's key if you're keen on keeping out of the sights of the Internal Revenue Service. And if you don't, you just might wind up like too many celebrities who thought IRS laws didn't apply to them.

A review of famous names who've made the news in recent years for owing the IRS turns up a few patterns. Tax scofflaw celebrities aren't usually the sort of figures known as "A-Listers" -- and if they are, they tend to be somewhere past their prime. Claims of financial mismanagement often figure into celebrities' financial misfortunes. There's often a significant amount of marital discord behind the fiscal issues as well.

A USA Today report headlined "Celebrities are often in debt to the tax man" was somewhat sympathetic to the plight of famous tax delinquents, explaining that "celebrities and entertainers -- unlike most taxpayers -- often have huge incomes that vary wildly from year to year -- an easy recipe for tax trouble.

Here's a roundup of some of the more infamous celebrity tax dodgers.


Increase your money and finance knowledge from home

Basics Of The Stock Market

Stock Market 101 - everything you need to know but were afraid to ask!

View Course »

Goal Setting

Want to succeed? Then you need goals!

View Course »

TurboTax Articles

Video: Who Qualifies for an Affordable Care Act Exemption (Obamacare)?

The Affordable Care Act requires all Americans to have health insurance or pay a tax penalty. But, who qualifies for an Affordable Care Act exemption? Find out more about who qualifies for an exemption from the Affordable Care Act tax penalty, how to claim an exemption on your tax return and how the Affordable Care Act may affect your taxes with this video from TurboTax.

Video: How to Claim the Affordable Care Act Premium Tax Credit (Obamacare)

The Affordable Care Act Premium Tax Credit is a new refundable tax credit that can lower your monthly health insurance premiums. If you qualify for the tax credit, you can claim the Premium Tax Credit throughout the year to lower your monthly health insurance premiums, or claim the credit with your tax return to either lower your overall tax bill or increase your tax refund.

Deducting Summer Camps and Daycare with the Child and Dependent Care Credit

If you paid a daycare center, babysitter, summer camp, or other care provider to care for a qualifying child under age 13 or a disabled dependent of any age, you may qualify for a tax credit of up to up to 35 percent of qualifying expenses of $3,000 for one child or dependent, or up to $6,000 for two or more children or dependents.

What Is Schedule H: Household Employment Taxes

If you hire people to do work around your house on a regular basis, they might be considered household employees. Being an employer comes with some responsibilities for paying and reporting employment taxes, which includes filing a Schedule H with your federal tax return. But even if you have household employees, filing Schedule H is required only if the total wages you pay them is more than certain threshold amounts specified by federal tax law.

Add a Comment

*0 / 3000 Character Maximum

134 Comments

Filter by:
realdealnyc

Lauryn Hill's album was LOUSY - LAU-Z.

No wonder she went "underground".

April 15 2014 at 12:38 AM Report abuse rate up rate down Reply
punnster

Do those Hollywooders is live in Lala land so much that they are totally clueless as to the realities of life?

April 14 2014 at 11:46 PM Report abuse rate up rate down Reply
terrace

I understand these people do what they do but still no one is bring the irs to justice they screw over so many people each year and get away with it the irs ranks up there with city officials suck as mayors ,governors' ,city council,police there all thieves !!!!

April 14 2014 at 11:18 PM Report abuse rate up rate down Reply
plewdawg

ALL were liberals and majority black. are they dumb or just criminals. As I said, they are liberal democrats.

April 14 2014 at 11:13 PM Report abuse +1 rate up rate down Reply
xpphil12

People should pay their taxes.But sometimes those who attack the 1% for not paying enough taxes, pay no taxes themselves.

April 14 2014 at 8:11 PM Report abuse rate up rate down Reply
prnyl

They all are delusional that they think the celebrity aspect works to keep them out of jail- above the law and lawyered up to boot!

April 14 2014 at 7:51 PM Report abuse rate up rate down Reply
Bobby

Anyone else notice the percentage of "types" (ghetto wannabe's) of people that try to evade paying taxes? Funny... Most of them also talk about how the rich should pay more...! They should make them pay what they owe and fine them double!

April 14 2014 at 7:46 PM Report abuse -1 rate up rate down Reply
Tom

I pay my taxes. They should pay theirs in full or go to jail even if they lose everything.

April 14 2014 at 7:24 PM Report abuse +2 rate up rate down Reply
jpfmtka

Instead of "stars" insert "LOSERS".

April 14 2014 at 6:49 PM Report abuse +2 rate up rate down Reply
fwlrcj

what I don't understand is the ones who are making a lot of money who cheat on the income tax when they can well afford to pay the taxes and be hurt by it.

April 14 2014 at 6:29 PM Report abuse +1 rate up rate down Reply