Mary J. Blige faces tax lien after owing $3.4 million to the IRS

Mary J. Blige

Mary J. Blige is the latest celerity to fall behind in taxes. The singer, who has won Grammy Awards and sold millions of records, was hit with a $3.4 million tax lien by the IRS.

According to reports, Mary J. Blige owes the IRS $574,904 from 2009, $2.2 million from 2010 and $647,604 from 2011.

Blige also defaulted on a $2.2 million loan given by Signature Bank. She also owes $901,760 in back taxes to New Jersey and was sued by Bank of America for only partially repaying a $500,000 loan.

Blige’s story is reminiscent of countless stories that involve musicians who earned millions only to squander it due to mismanagement or bad advice.

However, Blige has a chance to dig herself out of debt by releasing more albums and touring.

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments

Read more about:

Also read

Watch this video

What's new

Would love your thoughts, please comment.x