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The vast majority of religious institutions receive non-profit status and pay no taxes. That goes for many preachers’ personal income as well, but the preachers of LA may soon have issues. Because of the extravagant lifestyle portrayed by pastors on the Real Preachers of LA,  the IRS is examining the nature and income of  churches…

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Seems Hammer just can’t stay out of financial trouble. A while back the emcee was ordered to pay nearly $800,000 in back taxes stemming back from his 1996 and 1997 income taxes. According to court documents obtained by TMZ, Hammer, whose real name is Stanley Burrell, has failed to pay his debt to Uncle Sam…

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Rapper Joseph “Fat Joe” Cartagena, 42, has been sentenced to four months in prison and fined $15,000 for failing to pay taxes on more than $3.3 million in income. In December 2012, he pleaded guilty in a New Jersey court for failure to pay taxes on income earned between 2007-2008. Fat Joe was facing up…

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Mathew Knowles, 62, is one of the latest industry heavyweights to get hit with a huge tax bill from the IRS. Beyoncé’s father reportedly owes $1.2 million. The amount is figured from his 2010 ($485,000) and 2011 ($728,000) taxes that haven’t been paid to Uncle Sam yet. The Destiny’s Child hit, “Bills, Bills, Bills” is…

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Shani Curry-St. ViI, speaks, writes, and teaches about financial literacy. The head of Purse Empowerment, a financial consultancy supporting women with the information, keys and ideas to learn, grow, and share within the areas of financial literacy. Curry-St.Vil speaks makes financial jargon sexy, simple and real. Here, the Miami-based wife and mother of two sons,…

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Fat Joe recently fell into trouble with the law when he was charged with federal tax evasion. And now the rapper has pled guilty to the charges and is facing time in prison for his crime. According to the Associated Press, Joe appeared in a New Jersey court on the morning of Dec. 20 and…

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At Y100’s Jingle Ball in Sunrise, Fla., held at the BB&T Center, it seems rapper Flo Rida, né Tramar Dillard, was feeling quite generous. While onstage, the “Low” singer was throwing money out into the crowd to fans. He was sprinkling singles and making it rain for the sold-out crowd.

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From the catwalk and the boxing ring to the concert stage and silver screen, entertainers have a phobia when it comes to an American duty, paying taxes on their income. For some, a better investment of their hard-earned money is popping bottles and making it rain in the club. From Lauryn Hill to Ron Isley find out who’s…

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Chris Webber is in fowl territory with the State of California and now California Employment Development Office has filed a six-figure tax lien against the five-time NBA all-star . According to documents filed by the California Employment Development Office, Webber owes the state for unpaid taxes from the last few months of 2008 and all…

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Things just got interesting for Lauryn Hill. The five-time Grammy winner has just been charged with failing to file income tax returns for several years with the IRS. The charge was announced today by the U.S. attorney’s office in New Jersey. Federal prosecutors charged Hill with willfully failing to file income tax returns with the…

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Young Buck achieved gold and platinum success when his first two albums Straight Outta Cashville and Buck the World were released in 2004 and 2007, respectively.But after a disagreement with 50 Cent,  G-Unit’s CEO, Young Buck was dropped from the label and his career and financial situation suffered tremendously. Young Buck, who filed for bankruptcy…

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  Is former preacher Ma$e caught up on his income tax payments? According to documents filed in Florida by the IRS, Ma$e owes a total of 124,774.85 in back taxes … stemming from the years 2000, 2001 and 2004. After a five-year hiatus Ma$e returned with his third album in 2004. Coincidence? I think not.

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If you’re a last-minute tax filer and the pressure of making the deadline has got you in a tizzy, don’t fret. Here are five tips to get you through this annual headache of figuring and filing your income taxes, consistently and correctly. –yvette caslin Free Tax-Prep Software The Internal Revenue Service’s website allows you to…

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The-Dream recently boasted about his multimillion payday from penning Rihanna’s hit song “Umbrella.” And though the singer-producer’s fortune apparently abounds, it seems that The-Dream is in major debt with Uncle Sam and reportedly owes more than $100,000 in taxes. According to TMZ, The Georgia Department of Revenue recently filed a state tax lien against The-Dream,…

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