WHAT'S HOT?

Marc Anthony Agreed to Pay $2.5 Million in Back Taxes

April 12, 2007 03:12:52 GMT

Marc Anthony has agreed to pay about $2.5 million in back taxes, interest and penalties because of his failure to file returns for five years.


On the heels of a report stating that the marriage of Jennifer Lopez and Marc Anthony is on the rock, comes a new report claiming the Salsa singer-songwriter has agreed to pay $2.5 million in back taxes, interest and penalties after failing to file returns for five years.

Manhattan District Attorney Robert Morgenthau said Anthony failed to pay taxes for 2000 through 2004 on $US15.5 million in income. The New York-born singer was not charged though because he relied on his accountant to file his tax returns. "He thought that he could rely on his manager and his accountant," Morgenthau said.

His manager, Bigram Zayes, who is also Anthony's brother, and Philip Sarna, accountant and his three companies, on the other hand, all pleaded guilty to tax crimes. Both men will be sentenced in June.

As a result of the unfortunate, Anthony must pay the $US2.5 million by June 1. His wife Lopez wasn't implicated in the investigation because the couple didn't file jointly, it has been reported.

© AceShowbiz.com




Post Your Comments


Screen Name
Please Enter   
Comment
 
 
RSS
FB
Twitter