Zsa Zsa Gabor
A lot of money separates regular taxpayers from those with lots of money. Having a lot of fame and money does not mean taxes get paid. In fact, it is generally ordinary citizens who get their taxes paid and not the wealthy. Even though there are those with the advantage of great wealth they are still entitled to the same solutions available to taxpayers who don’t. No matter how much or how little money you have the IRS allows you to have an installment payment plan.
It is highly likely that getting into trouble with the IRS would lead to a tax lien. A famous personality who did get into trouble is the Hungarian born actress, Zsa Zsa Gabor. Her tax trouble amounted to more than $118,000 that resulted in a tax lien. The reason for the lien was because the actress did not pay in full in the years 2001 and 2002.
Ms Gabor has let it be known there is a third party involved. As far as her advisers are concerned Bernie Madhoff and his Ponzi scheme are to blame for Zsa Zsa Gabor losing $7 million and therefore her tax problem is a direct spin-off. Ms Gabor and her spouse are joining their funds and devising an installment plan with the IRS.
As soon as you realize you owe the IRS money take action to avoid a tax lien. Negotiate a payment plan (also known as installment plans or payment options) with the IRS. The IRS is amenable to such a plan. There preference is to get the money quickly but, if you can’t, a payment plan is the best solution. A payment plan means they don’t have to keep track of you. However, be aware. Such a plan does accumulate interest charges and a penalty for payments later than 15 April.
