20 Jun Famous Celebrities Convicted for Tax Evasion
Just because they eat glitter and have $5000 facials, and look like they don’t have a care in the world, that doesn’t mean our favorite members of the Hollywood elite can go without paying taxes. Given their earnings, not many of them are likely to break the law, but every rule has an exception, doesn’t it?
Here are five celebrities who got caught committing tax evasion:
The iconic Italian actress and one of the most beautiful women in the world, Sophia Loren was sentenced to 30 days in jail back in 1982 for tax evasion and served 17 days total. The actress claimed that the unfortunate 1974 tax situation was an oversight by her tax preparer which was proved correct later in October 2013. According to Forbes, Loren was vindicated as the Rome-based Court of Cassation ruled her 1974 tax payments were indeed accurate. We wonder if anyone asked for an autograph during those 17 days in jail!
Dolce and Gabbana
While you’d never associate the famous fashion brand with tax fraud or anything alike, designers Domenico Dolce and Stefano Gabbana had a real tax nightmare situation back in June 2013. According to The Wall Street Journal, D&G was “convicted of failing to file tax returns for their company in Italy.” They didn’t pay taxes for the 2004 sale of their leading brands to Luxembourg-based Gado. Luckily for the fashion due, the conviction was overturned in October 2014.
In the 1970s, The New York Times reported that the legendary musician Chuck Berry was found to have evaded paying taxes and that he spent four months in jail for his crime. Berry died in 2017 at the age of 90, and we couldn’t be happier that it wasn’t that tax situation that killed him but natural causes.
In 2013, the Associated Press reported that singer Lauryn Hill was convicted to a three-month prison sentence for having failed to pay around $1 million in taxes over a decade. According to Rolling Stone, the famous singer pled guilty to the charges in June 2012. She admitted to not paying taxes from 2005 to 2007, failing to pay $1.8 million in earnings. But, that wasn’t all; she was also charged with unpaid taxes from 2008 and 2009, taking her total tax debt to $2.3 million. The singer was convicted to serve one year of probation after her three-month prison sentence. She was in home confinement for three additional months. Ha, go figure.
Ah, would you ever associate that face with tax evasion? Sure you wouldn’t, but even the best of them can’t seem to avoid fraud. After failing to pay his IRS debts in 2002, 2003, 2004, 2007 and 2008 Cage racked up a substantial sum of $13.3 million tax debt. Cage, as like most celebrities, blamed his former business manager for the unfortunate situation, claiming he knew nothing of the case. Although Cage started gradually paying off his debt beginning with a whopping $6.25 million and another $600,000, the actor reportedly still is indebted.
Even if you don’t have a Star in Hollywood and aren’t friends with any of the glitterati, you know you can find yourself in the same situation as them. To avoid that from happening, contact us at Golden Tax Relief to build the best tax paying plan and avoid all tax trouble possible.