Celebrity Tax Tuesday - 4 Music Stars With Tax Blues
Musicians have faced some heavy discord with Uncle Sam in back taxes they've owed over the years.
Granted, many artists don't intentionally evade taxes. It's often the result of bad management, lack of the tax law knowledge and a very complicated filing system.
And while there are a bunch who do intentionally blow off Uncle Sam, we all know, in the end, he eventually comes a-knockin' and demands the rent.
So, here are four musical entertainers who have wrestled with the IRS...
Back in August 2016, we learned that Cornell Iral Haynes Jr. -- a.k.a the rapper Nelly -- owed the IRS more that $2.4 million.
The IRS put a lien on his assets. But fans wanted to help. So to #SaveNelly, they feverishly started streaming "Hot in Herre" to help him raise money. But if you consider it's roughly $4,000 in real money generated from every one million individual streams, then split with three other co-writers... well, the campaign #FellShort.
It was rumored that the IRS was going after a portion of ticket sales for his recent tours.
Back in 2007, the IRS sent Anthony a bill for $2.5 million in back taxes. He agreed to pay it all back after failing to file returns for five years.
Then in 2010, he received two additional bills totaling over $3 million for unpaid taxes on real estate.
Jeffrey Atkins, better known as the rapper Ja Rule, was charged with three counts of tax evasion for neglecting to pay his taxes from 2004 to 2006. He had to pay more than $1 million in back taxes and penalties and served 28 months in prison.
But his money issues haven't gone away. He has been in the press again thanks to the Fyre Festival fiasco.
In a nutshell, Ja Rule and entrepreneur Billy McFarland put together a supposedly super high-end music festival on the private island of Exuma in the Bahamas from April 28 to 30 and May 5 to 7. They sold tickets for $1,000 and $12,000 (or $250,000 for VIP packages).
Unfortunately, the event was a complete disaster. Lawsuits are mounting, and we're guessing those pesky tax bills will too.
In 1990, country singer Willie Nelson owed the IRS $16.7 million in unpaid taxes, one of the biggest bills in music history.
The IRS seized a ton of possessions, but that wasn't enough to cover his big fat bill.
So he had to release an album to raise the money he needed to pay off his tax debt.
And a fun factoid: many of his things that were seized by the IRS were bought at auctions by his fans and friends. And then, they returned them to him. Now that is true love.