Latest Celebrity Tax Woes

Lil Kim is a rap artist with a rap sheet. In 2005 she committed perjury regarding a shooting and landed in a federal prison. She promised to turn her life around and was released on the terms of 3 years’ probation. Kim drove away from prison in a $350,000 Rolls Royce Phantom.

In 2009 after her probationary period ended, she appeared on ABC’s Dancing With the Stars, paired with über dance star Derek Hough, in what was advertised as an effort to reinvent herself. On air, her efforts seemed convincing enough as she danced her way through the competition to favorable reviews.

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Unfortunately for Kim, the IRS wasn’t as convinced as her fans. That year, it was disclosed that Lil Kim owed more than $1 million in state and federal taxes in California, New York, and New Jersey. The liens were placed on her assets due to problems with Kim’s 2004 tax filings.

According to her spokesperson at the time, Lil Kim was working to pay down her debt, but paying it off was going to take a long time.

In 2009, the same year that she stated her intention to improve herself, she undeniably made some cash for her Dancing With The stars appearances. Yet somehow, she still failed to pay her federal income taxes. Again. For 2009, Lil Kim owes the IRS $86,347.85.

Alone, that’s not an especially large sum. However, according to court documents that indicate that Lil Kim owes money for each consecutive year between 2002 and 2009, she’s on the way to the tax lien hall of fame with an outstanding $1,026,862.42 bill.

If you want to maximize your income, talk to Givner & Kaye about income tax planning.  And if you have a tax lien, call us for help. (310) 207-8008