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Chris Tucker Faces IRS Rush Hour

Posted by Travis Watkins | Aug 18, 2010 | 0 Comments

Over the summer, celebrity tattler TMZ, was following the tax woes of Rush Hour funny-man, Chris Tucker. According to the L.A. County Recorders Office, the IRS filed an $11.5 million Federal Tax Lien against Tucker for unpaid income tax back in July, 2010. This Federal Tax Lien is in addition to a state of California tax lien for income taxes to the tune of $3.5 million. Note to California: remove your state system from poverty levels by enforcement of existing celebrity tax debt! The $11.5 million tax liability secured by the Federal Tax Lien breaks down like this: 2001--$4,007,794 2002--$5,060,074 2004--$55,544 2005--$660,414 2006--$1,788,080 In 2001, Tucker was paid over $20 million for Rush Hour 2. In 2006, Tucker was paid $25 million for Rush Hour 3. Not surprisingly, this news corresponds to recent developments in Tucker's real estate portfolio. Tucker is selling for $2 million an 8,861 square foot home in a posh suburb of Orlando, which he purchased for $6 million three years ago. He owns other properties in California as well. It is unclear if he intends to dump some of this property to settle his tax debt as well.

About the Author

Travis Watkins

Your IRS Weapon® He is the principal and senior tax attorney at Travis Watkins Tax Resolution and Accounting Firm ("Watkins Tax") with offices in Dallas, Oklahoma City and Tulsa, OK. His firm is unique, as it devotes 100% of its practice to fixing IRS problems for select clients and keeping t...

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