SINBAD'S BIG IRS PROBLEM: Comedian/actor owes over $8 million in taxes!
December 21, 2009
*Wow, is Sinbad in really deep doo-doo with the IRS.
According to the Detroit News, the Michigan native, owes more
than $8.15 million in delinquent federal taxes and the U.S. Attorney
General's office wants his house sold to help satisfy the debt,
according to federal court records.
On Dec. 10, an assistant U.S. attorney asked a federal judge to
foreclose on several tax liens and determine whether the 53-year-old
comedian is the true owner of a $1.5 million home in Hidden Hills,
Calif.
Sinbad, whose real name is Sinbad Adkins, rose to fame on "Star
Search" in the 1980s before starring in a string of movies like
"Houseguest" and TV shows, really owns the property, the government
claims.
On Dec. 11, the day after the government filed the case, Sinbad
filed Chapter 7 bankruptcy in California, listing between $10 million
and $50 million in liabilities and less than $50,000 in assets. That
might cause a slight hiccup for the IRS in pursuit of a settlement.
The IRS claims Sinbad filed federal income tax returns for years 1998 through 2006 but failed to pay the reported taxes.
Here's a breakdown of his IRS debt:
* 1998: $2,358,563
* 1999: $1,136,002
* 2000: $1,170,451
* 2001: $953,758
* 2002: $626,045
* 2003: $542,942
* 2004: $612,367
* 2005: $157,934
* 2006: $599,663
SINBAD'S BIG IRS PROBLEM: Comedian/actor owes over $8 million in taxes!December 21, 2009 http://www.eurweb.com/images/articles/200912/sinbad%28007-pointing-med%29.jpg *Wow, is Sinbad in really deep doo-doo with the IRS. According to the Detroit News, the Michigan native, owes morethan $8.15 million in delinquent federal taxes and the U.S. AttorneyGeneral's office wants his house sold to help satisfy the debt,according to federal court records. On Dec. 10, an assistant U.S. attorney asked a federal judge toforeclose on several tax liens and determine whether the 53-year-oldcomedian is the true owner of a $1.5 million home in Hidden Hills,Calif. Sinbad, whose real name is Sinbad Adkins, rose to fame on "StarSearch" in the 1980s before starring in a string of movies like"Houseguest" and TV shows, really owns the property, the governmentclaims. On Dec. 11, the day after the government filed the case, Sinbadfiled Chapter 7 bankruptcy in California, listing between $10 millionand $50 million in liabilities and less than $50,000 in assets. Thatmight cause a slight hiccup for the IRS in pursuit of a settlement. The IRS claims Sinbad filed federal income tax returns for years 1998 through 2006 but failed to pay the reported taxes.Here's a breakdown of his IRS debt: * 1998: $2,358,563 * 1999: $1,136,002 * 2000: $1,170,451 * 2001: $953,758 * 2002: $626,045 * 2003: $542,942 * 2004: $612,367 * 2005: $157,934 * 2006: $599,663
