IRS files $79,000 tax lien against Schwarzenegger

Practical and Practice issues for Professionals who practice in the area of taxation. Moral, social and economic issues relating to taxes, including international issues, the U.S. Internal Revenue Code, state tax issues, etc. Not for "tax protestor" issues, which should be posted in the "tax protestor" forum above. The advice or opinion given herein should not be relied on for any purpose whatsoever. Also examines cookie-cutter deals that have no economic substance but exist only to generate losses, as marketed by everybody from solo practitioner tax lawyers to the major accounting firms.
jg
Fed Chairman of the Quatloosian Reserve
Posts: 614
Joined: Wed Feb 25, 2004 1:25 am

IRS files $79,000 tax lien against Schwarzenegger

Post by jg »

From http://latimesblogs.latimes.com/lanow/2 ... egger.html November 27, 2009 | 11:14 am
The lien was reported this morning by TMZ.com, which posted a copy of a lien document that says it is from the county recorder's office. That document shows that Schwarzenegger owes $39,047.20 from 2004 and $40,016.80 from 2005. The document also lists a section of the IRS code that suggests the debt may be penalties for a failure to report certain business transactions.
“Where there is an income tax, the just man will pay more and the unjust less on the same amount of income.” — Plato
Top
Judge Roy Bean
Judge for the District of Quatloosia
Judge for the District of Quatloosia
Posts: 3704
Joined: Tue May 17, 2005 6:04 pm
Location: West of the Pecos

Re: IRS files $79,000 tax lien against Schwarzenegger

Post by Judge Roy Bean »

My somewhat tequila induced reaction (as opposed to more sober reasoned response) is that the IRS has nothing to do with this - only because of the source, however.
The Honorable Judge Roy Bean
The world is a car and you're a crash-test dummy.
The Devil Makes Three
Top

Return to “Tax Practice & Policy and Tax Shelters”