Al Pacino’s characters have been on both sides of the law. However, when the real Al Pacino found himself on the IRS’ bad side, he made efforts to resolve the issues quickly.
Bankrate.com reports that the state of California placed a lien on Mr. Pacino’s property in the spring of 2013. More specifically, California alleged that Mr. Pacino owed the state $31,706.04 in back taxes from tax years 2009 and 2011. A lien was placed on his property for this amount. The lien was reportedly released on July 31, 2013 because Mr. Pacino satisfied the debt in full.
This is not the first time that Al Pacino reportedly had unpaid taxes. The Internal Revenue Service (IRS) alleged that Mr. Pacino had more than $188,000 in unpaid taxes during 2008 and 2009. The IRS made its allegations against Mr. Pacino in 2011, and it was reported that those unpaid taxes were related to a Ponzi scheme that impacted Mr. Pacino and others in Hollywood.
If you are facing a tax lien issued by the IRS or the Oklahoma Tax Commission (OTC), then it is important to know your rights. You may be able to pay off the lien quickly, as Mr. Pacino did in this recent case, or you may need to negotiate a settlement. For more information, our Oklahoma tax lawyers invite you to read our FREE article, “What an IRS Tax Lien May Mean to You in Oklahoma.”