Stars With Tax Problems
Photo by Moses Robinson/Getty Images for Gospel Music Association
“This Is How We Do It” singer Montell Jordan insists he’s no deadbeat taxpayer — telling TMZ, he’s already paid his $617,000 tax bill … the money just hasn’t made its way into the pockets of the IRS … yet.
TMZ broke the story, the IRS filed a Federal Tax Lien against Jordan recently, claiming the singer still owes $617,987.06 in back taxes from 1999-2001.
But it’s not so cut and dry. Montell tells TMZ he paid the debt years ago by selling his music catalog, but the money’s been sitting frozen in an account administered by the U.S. Trustee Program, a division of the Department of Justice that oversees bankruptcy cases.
Montell filed for bankruptcy in 2004 and says he’s still disputing some of the IRS penalties he’s incurred. He expects the money to be released to the IRS in a few weeks when he settles negotiations over the penalties, at which point the case will be closed.