IRS Goes After Sinbad for Over $8 Mil. Tax Bill

Date: Monday, December 21, 2009, 4:43 am
By: EURweb.com

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The attorney general's office wants a house owned by Sinbad sold to help satisfy his tax debt. (Retna)

Wow, is Sinbad in really deep trouble with the IRS.

According to The Detroit News, the performer owes more than $8.15 million in delinquent federal taxes and the U.S. Attorney General's office wants his house sold to help satisfy the debt, according to federal court records.

On Dec. 10, an assistant U.S. attorney asked a federal judge to foreclose on several tax liens and determine whether the 53-year-old comedian is the true owner of a $1.5 million home in Hidden Hills, Calif.

Sinbad, whose real name is Sinbad Adkins, rose to fame on "Star Search" and "A Different World" in the 1980s before starring in a string of movies like "Houseguest" and TV shows, really owns the property, the government claims.

On Dec. 11, the day after the government filed the case, Sinbad filed Chapter 7 bankruptcy in California, listing between $10 million and $50 million in liabilities and less than $50,000 in assets. That might cause a slight hiccup for the IRS in pursuit of a settlement.

The IRS claims Sinbad filed federal income tax returns for years 1998 through 2006 but failed to pay the reported taxes.


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I thought Sinbad's real name was David Adkins, not Sinbad Adkins!


by   
Lornakay1
December 22, 2009, 1:42 pm
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Wow!

8.5mill. They're gonna take everything he owns, and then apply interest penalties to the balance.


by   
Loneal3
December 21, 2009, 7:42 pm
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that's what happens when others are in charge of your finances. you don't have a clue as to what they are doing. and if he didn't have financial gurus handleing his money, then maybe he should have since this is a prime example as to what can happen to you when you don't take care of your business. Your business will eventually take care of you. ie the irs


by   
Mrs_malone
December 21, 2009, 9:31 am
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