A singer, songwriter, and record producer recently got some troubling news from the Internal Revenue Service (IRS). According to the allegations against her, Keyshia Cole failed to pay more than $162,000 in federal taxes during 2009.
More About the Allegations
Professionally, 2009 was a good year for Ms. Cole—she set out on her first headlining tour, which included opening acts like TLC, Lil Kim, and The-Dream. However, the IRS claims that Ms. Cole has not paid her full federal tax liability for the income she earned during 2009.
As a result, the federal government put a lien on some of the singer’s property in Georgia. Furthermore, it has threatened to seize the property if she does not pay her back tax debt, along with penalties and interest. The lien, which the media is now reporting, was filed back in November 2013. There is no word on whether Ms. Cole has reached an agreement with the IRS since receiving notice of the lien.
What to Do if You Receive an IRS Lien Notice
Lien notices are not just issued to celebrities who owe six-figure tax bills. If you have failed to pay your federal taxes, you may have a similar IRS problem. It is important for you to understand your potential IRS problems and to take the necessary steps to protect your financial future. To learn more, we invite you to read our FREE library post that explains what a tax lien may mean to you and to contact us directly for a free consultation.