All articles tagged with #tax debt
Terry Rozier faced an $8 million IRS tax lien in 2023 and was implicated in a gambling scheme involving prop bets, leading to NBA investigation and legal charges for conspiracy to commit wire fraud and money laundering.
The IRS has sued the FDIC to determine the amount it must pay to cover Silicon Valley Bank's $1.45 billion tax debt after the bank's collapse in March 2023. The FDIC, acting as the bank's receiver, has denied the tax claim, leading to a legal dispute. Additionally, SVB Financial, the bank's former parent company, has also sued the FDIC over the seizure of $1.93 billion in cash, arguing that the FDIC should repay the funds.
The IRS has sued the FDIC over the failed Silicon Valley Bank's $1.45 billion tax debt, with the FDIC denying the entire tax claim. The IRS is seeking a court ruling to determine the amount the FDIC must pay, as it acts as a receiver for the bank's assets to repay creditors. The dispute arose after the IRS filed an estimated $1.45 billion tax claim, which the FDIC rejected, leading to a legal battle amid the fallout from SVB's collapse and subsequent lawsuits involving seized cash and deposit guarantees.
The Internal Revenue Service (IRS) has placed a lien on Rudolph Giuliani's Palm Beach condominium due to his outstanding tax debt of approximately $550,000. This latest action by federal tax officials highlights Giuliani's growing financial troubles, as he faces legal battles, mounting legal expenses, and unpaid legal fees. The former New York City mayor and lawyer for Donald Trump has been entangled in criminal investigations, defamation cases, and legal disciplinary proceedings related to his efforts to support Trump's bid to remain in office after the 2020 election. Giuliani has also sought financial assistance from Trump, who recently hosted a fundraiser to aid him.
Real Housewives of New Jersey star Teresa Giudice reportedly has a tax debt of over $1 million in New Jersey, with a federal tax lien of $17,061.32 filed against her in April 2023. Her attorney stated that she is making significant and timely monthly payments towards her outstanding tax liabilities. Teresa and her ex-husband Joe Giudice previously served prison sentences after being convicted of fraud in 2014 and have had multiple tax liens filed against them in the past. Despite her alleged debt, Teresa purchased a $3.3 million New Jersey mansion in 2021 and remarried last summer to Luis Ruelas.