Scarinci Hollenbeck, LLC, LLCScarinci Hollenbeck, LLC, LLC

Lauryn Hill's Deadline to Pay Back Taxes Passes

Author: |May 6, 2013

Lauryn Hill's Deadline to Pay Back Taxes Passes

A U.S. Magistrate Judge has postponed sentencing for Grammy winner Lauryn Hill after she pleaded guilty to tax law violations, but she still must pay back taxes by May 3.

In 2012, Hill admitted to failing to file tax returns from 2005 to 2007 on $1.8 million in income earned during that period. Although the court granted the New Jersey resident a two-week reprieve to come up with the rest of the money she owes, she was required to pay more than $504,000 to the federal government by the May 3 deadline. She has already made one $50,000 toward her taxes and penalties, according to Reuters.

Hill, who has not released an album in 12 years, hoped to generate some income to put toward her back taxes by signing a new recording contract, but these plans were stalled, the news source added. Instead, Hill’s representative said she planned to take out a loan to make her payment and was simply waiting on final approval. U.S. Magistrate Judge Madeline Cox Arleo scheduled the final hearing for May 6, and cautioned Hill to avoid making any requests or missteps.

“This is not someone who stands before the court penniless,” Arleo said, according to Reuters.

Hill currently faces up to three years in prison, one year for each count of tax evasion. A MarketWatch analysis notes that courts were sending more tax cheats to jail in an effort to curb the high incidence of tax evasion and prompt evaders to pay their back taxes. Citing data from the Internal Revenue Service, the news source reports that in 2012, 673 tax evaders received jail sentences, a 52 percent increase from 2002 when 442 served prison time for their tax crimes. This trend may also come to affect wealthy tax evaders more heavily as the IRS seeks to close the tax gap. Audits of those making $1 million or more increased 12 percent in 2012 from those conducted in 2011, MarketWatch reports.

Lauryn Hill's Deadline to Pay Back Taxes Passes

Author:

A U.S. Magistrate Judge has postponed sentencing for Grammy winner Lauryn Hill after she pleaded guilty to tax law violations, but she still must pay back taxes by May 3.

In 2012, Hill admitted to failing to file tax returns from 2005 to 2007 on $1.8 million in income earned during that period. Although the court granted the New Jersey resident a two-week reprieve to come up with the rest of the money she owes, she was required to pay more than $504,000 to the federal government by the May 3 deadline. She has already made one $50,000 toward her taxes and penalties, according to Reuters.

Hill, who has not released an album in 12 years, hoped to generate some income to put toward her back taxes by signing a new recording contract, but these plans were stalled, the news source added. Instead, Hill’s representative said she planned to take out a loan to make her payment and was simply waiting on final approval. U.S. Magistrate Judge Madeline Cox Arleo scheduled the final hearing for May 6, and cautioned Hill to avoid making any requests or missteps.

“This is not someone who stands before the court penniless,” Arleo said, according to Reuters.

Hill currently faces up to three years in prison, one year for each count of tax evasion. A MarketWatch analysis notes that courts were sending more tax cheats to jail in an effort to curb the high incidence of tax evasion and prompt evaders to pay their back taxes. Citing data from the Internal Revenue Service, the news source reports that in 2012, 673 tax evaders received jail sentences, a 52 percent increase from 2002 when 442 served prison time for their tax crimes. This trend may also come to affect wealthy tax evaders more heavily as the IRS seeks to close the tax gap. Audits of those making $1 million or more increased 12 percent in 2012 from those conducted in 2011, MarketWatch reports.

Firm News & Press Releases

No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.

Let`s get in touch!

* The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

Sign up to get the latest from theScarinci Hollenbeck, LLC attorneys!

Please select a category(s) below: