Tuesday, April 15, 2008

Do You Know What Today Is?

APRIL 15th! Yes, it's federal income tax filing deadline day. Many of us have already filed and received a refund, but to those of you who owe Uncle Sam and have procrastinated with filing, this post is just for you. Sometimes when I think my situation is bad, I'm reminded of the people who have it far worse than me. Many tax delinquents live openly and prosperously for years, even decades, while owing millions of dollars in taxes.

Singer Dionne Warwick owes $2.7 million in state taxes, according to the California Franchise Tax Board. The IRS has placed more than $1 million in tax liens against her for unpaid federal taxes. Public records show that her tax troubles started in 1990 or earlier.

Why didn't the Psychic Friends warn her that this was coming?

Sinbad --The comedian and actor -- whose full name is Sinbad Adkins -- owes
$2.1 million to the state of California, according to the California Franchise Tax Board. The IRS filed a $416,870 tax lien against him in 2006.

Catalina Vásquez Villalpando --The former treasurer of the United States --
her signature appears on paper currency printed during the administration of the
first President Bush -- owes $168,000 in taxes to Washington, D.C., the city
reports. She was convicted of tax evasion in 1994 for hiding income while in
office and served four months in prison.

Her signature is on the money and she owes back taxes?!


Good news for Sinbad and Dionne Warwick. On April 7, California reclassified more than 100 large tax debts as noncollectable and removed the delinquents from its published list. Those taken off the new list: Warwick and Sinbad among others.
Now for the rest of you - get off the internet and go get in line at H&R Block or Jackson Hewitt or somewhere...just get it done!

Tracking Hurricane Gustav