Prince Rogers Nelson, the singer-songwriter known as “Prince,” is the next celebrity to find himself in tax troubles. Unfortunately for the Grammy-winner, Prince is facing the wrath of tax collecting entities in not just the United States, but also in France.
According to reports, Prince failed to comply with the court-backed summons. The summons, issued by the IRS on behalf of the French governmental taxation agency, asked Prince to appear so that his tax liability from the years 2009 and 2010 could be addressed.
This is not the first time Prince has been in trouble with the IRS. The state of Minneapolis, wherein he resides, has seen numerous years in which Prince has failed to pay his tax liability on time. Records indicate that he was forced to pay $1.3 million in back property taxes for several tax years just a short time ago.
As for the request from the French government, agents are attempting to assess the liabilities tied to concerts played by Prince during 2009 and 2010. The agents have indicated that additional documents are being requested in regards to the relationships between several of Prince’s business entities.
If you find yourself in tax trouble with the IRS, one of the best things you can do is contact a competent tax attorney to help you resolve your issue in the most efficient manner. If you delay, the issue will become increasingly worse.
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