Ozzy Osbourne In More Trouble With The IRS?

Recent revelations indicate Rock celebrity Ozzy Osbourne and his wife and manager, Sharon Osbourne, may still owe the IRS even more back taxes than originally thought. Earlier reports suggested the couple owed back taxes totaling $1.2 million dollars, however, the latest figures indicate the Osbournes actually owe a lot more back taxes (reportedly exceeding $2 million dollars).

An IRS lien filed last week in Los Angeles, California asserts the couple still owes back taxes for 2007 ($357,070.62). It appears the couple also owes back taxes for 2008 ($700,000.00) and 2009 (over $1,000,000.00). While Ozzy’s wife has taken responsibility for the oversight, the incident illustrates how large income earners, like celebrities, can often get into trouble with unfiled returns, and/or owing back taxes.

Hiring a tax lawyer or other tax professional can help you avoid getting into trouble with the IRS and help you get the answers you need to stay on top of your tax liabilities. If you do decide to hire a tax lawyer, ask direct questions about your case. If the tax attorney or other tax representative is evasive or intentionally complex, it is possible that he/she is trying to disguise direct answers to your questions.

If you do hire a tax attorney, be sure that he/she personally handles your case. Many practitioners refer cases to others or have their office staff do most of the work. If you have problems with your tax attorney, you may report your concerns to the State Bar in which the tax lawyer is admitted, or to the IRS Compliance Office.

In the end, it is important that you be proactive in your handling of tax liabilities. Avoid having unfiled returns or owing back taxes. If you do get into trouble with IRS wage garnishments, IRS levies and/or IRS liens don’t hide under a rock. Seek out help from a competent tax attorney and get the advice you need to fix your problems before they get out of hand.

 

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