The Tax Factor was created to educate individuals and small-business owners about taxes. Let’s face it, nothing in life is guaranteed except death and taxes. Okay, maybe that sounded pretty depressing but the goal of this blog is to help you find the information to learn how to make taxes work for you. Taxes can be extremely complicated but knowing about deductions and credits can save you thousands of dollars per year.
Jun 15, 2012
Help! R Kelly Is Trapped In The Closet with the IRS
Warning: Don't watch if you don't have a sense of humor!
R&B star R. Kelly, who last year saw his suburban Chicago mansion fall into foreclosure, now has the Internal Revenue Service at his door.
The Chicago Sun-Times reports documents held by the Cook County Recorder of Deeds show the recording artist owes the IRS nearly $5 million in unpaid taxes.
Kelly owes the money for taxes dating back as far as 2005. He paid $2.6 million in back taxes in 2008 and another $1 million last year, but the records show he still owes the federal government more than $4.8 million.
He should have contacted the GoodFellas at J.S. Tax Corporation to complete his tax returns!