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Witches' Brew: When The "Different World" Checks Bounce...

Sunday, December 20, 2009

When The "Different World" Checks Bounce...


Add comedian Sinbad to the list of brothas on the lam from Uncle Sam. The IRS says Sinbad owes more than $8.15 million in delinquent federal taxes. The feds want to seize his house to satisfy the debt. Earlier this month, an assistant U.S. attorney asked a federal judge to foreclose on several tax liens and determine whether the 53 year old Sinbad is the real owner of a $1.5 million California home. The next day, he filed Chapter 7 bankruptcy, listing between $10 - $50 million in liabilities and less than $50,000 in assets. DAYUM!

The IRS claims Sinbad filed tax returns but never paid.

This is what his IRS debt looks like:
  • 1998: $2,358,563
  • 1999: $1,136,002
  • 2000: $1,170,451
  • 2001: $953,758
  • 2002: $626,045
  • 2003: $542,942
  • 2004: $612,367
  • 2005: $157,934
  • 2006: $599,663
Ouch. Can't he phone in a favor with the Cos and Camille?

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