Singer Dionne Warwick may have been on the Billboard Music Charts during the past four decades, and she may have had a father who was an accountant, but that has not stopped her from having reported tax problems with the federal government and the State of California.
According to news reports, Ms. Warwick owes the IRS and the State of California a combined $10 million. Ms. Warwick’s representative has allegedly said that Mr. Warwick has suggested re-payment plans and made proposals to the IRS and the California Franchise Tax Board, but those alternative tax solutions have been denied. That denial has reportedly led to increased penalties and accrued interest.
Ms. Warwick’s representative has also reportedly told the media that her problems stem from "negligent and gross financial mismanagement" during the 1980s and 1990s. The outstanding tax bills reportedly span the years 1990 – 2007.
Ms. Warwick is 72 years old. She is a multiple-time Grammy award winner, earning this prestigious award in 1969 for “Do You Know the Way to San Jose,” in 1971 for “I’ll Never Fall in Love Again,” in 1980 for “I’ll Never Love This Way Again” and “Déjà vu,” and in 1987 for “That’s What Friends Are For.” She recently filed bankruptcy in the State of New Jersey.
Our Tulsa tax lawyers extend their best wishes to Ms. Warwick as she works toward an end to her outstanding tax debt, and we encourage Oklahomans who may have relied on their accountants for financial advice to read our FREE article, Never Blame Your Tax Problems on Your Accountant.