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Owed Irs facts

While investigating facts about Owed Irs Taxes and Owed Irs Money Stimulus Check, I found out little known, but curios details like:

Will Smith owed $2.8 Million to the IRS and almost went bankrupt, just before he signed the contract for The Fresh Prince Of Bel-Air

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If you are owed a refund, there is no penalty for filing late with the IRS.

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In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what is the interest rate on money owed to irs. Here are 9 of the best facts about Owed Irs Refund and Negotiating Taxes Owed Irs I managed to collect.

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  1. Nicholas Cage's net worth was once about $150M. He squandered it away on a string of expensive and often eccentric purchases such as a 9-foot-tall burial tomb, shrunken pygmy heads and a dinosaur skull, eventually owing the IRS $6.3 million. As of 2017, his net worth stands at around $25M.

  2. The IRS Whistleblower Office pays money to people who blow the whistle on persons who fail to pay the tax that they owe. If the IRS uses information provided by the whistleblower, it can award the whistleblower up to 30 percent of the additional tax, penalty and other amounts it collects.

  3. In 1990 the IRS seized most of Willie Nelson's assets, claiming he owed the US Government US$16 million. To pay his debt, Nelson released an album featuring only him and his guitar. The album was titled "The IRS Tapes: Who'll buy my memories?"

  4. The Fresh Prince of Bel-Air started because Will Smith owed the IRS 2 million dollars in taxes

  5. Due to Rush Hour 3, Chris Tucker was the most highest paid actor in the world. Now his net worth is -11.5 million dollars owed to the IRS.

  6. Willie Nelson owed the IRS $15 million, and paid it off by releasing an album called "The I.R.S. Tapes"

  7. Will Smith starred in Fresh Prince of Bel Air to pay the IRS money he owed

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