Lionel Richie owes U.S. government $1.1 million in taxes for 2010

[jobeterob]

MUSIC News



Lionel Richie owes $1.1 million in back taxes



Lionel Richie owes U.S. government $1.1 million in taxes for 2010


April 13, 2012

Pop music legend Lionel Richie reportedly owes the U.S. government over $1 million in taxes.

According to celebrity gossip site TMZ, the pop and country star owes the feds $1,130,609.11 in unpaid income taxes for 2010.

The IRS has reportedly put a lien on Richie, meaning he now needs to pony up the dough or the government could seek to claim the amount by taking over the singer's property.

It seems unlikely things will get that far however, as TMZ estimates the former Commodores' lead singer to be worth well over $200 million, making his latest tax issue a small drop in an otherwise very large bucket.

Richie recently released his country music debut Tuskeegee, a collection of his classic hits re-recorded with a Nashville sound, and featuring duets with some of country's biggest stars. According to The Toronto Sun, the album debuted in Canada at the No. 1 position on the charts.

[[Photo by PR Photos)

Report a Typo or Correction. Thank you.

[Roberta75]

MUSIC News



Lionel Richie owes $1.1 million in back taxes



Lionel Richie owes U.S. government $1.1 million in taxes for 2010


April 13, 2012

Pop music legend Lionel Richie reportedly owes the U.S. government over $1 million in taxes.

According to celebrity gossip site TMZ, the pop and country star owes the feds $1,130,609.11 in unpaid income taxes for 2010.

The IRS has reportedly put a lien on Richie, meaning he now needs to pony up the dough or the government could seek to claim the amount by taking over the singer's property.

It seems unlikely things will get that far however, as TMZ estimates the former Commodores' lead singer to be worth well over $200 million, making his latest tax issue a small drop in an otherwise very large bucket.

Richie recently released his country music debut Tuskeegee, a collection of his classic hits re-recorded with a Nashville sound, and featuring duets with some of country's biggest stars. According to The Toronto Sun, the album debuted in Canada at the No. 1 position on the charts.

[[Photo by PR Photos)

Report a Typo or Correction. Thank you.

A storm in a teacup IMO. Mr. Ritchie will pay what he owes. It's a sad day in news if this is all there is to report.

Best to you,

Roberta

[theboyfromxtown]

I would suggest Lionel gets himself a better accountant!

[jobeterob]

Or maybe Lionel needs to get Mitt Romneys accountant ~ he'd likely pay NO tax.

There is a bit more to this story than we know. Seems odd that this would be around as a story now, when there is renewed Lionel Richie interest.

People Magazine has a story on Lionel and his house this week; I just glanced at the magazine and I saw a picture of his trophy case ~ FULL.

[captainjames]

wow I wonder who and how much was paid to leak this stale bread.

[rovereab]

Sounds like it should easily be resolved by a PayPal transcation