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11271 Ventura Blvd. #612 Studio City, CA 91604 Inside This Issue pg 1 ∙
Make a Mistake, Make a Pivot
Food for Thought
pg 2 ∙ pg 3 ∙ pg 4 ∙ pg 5 ∙
From the Practice Corner
Member Spotlight
6th Annual Tax Resolution Success Summit
Shout Outs!
pg 6 ∙ pg 8 ∙
IRS Terror Tale of the Month
IRS Terror Tale of the Month Robert De Niro Is in Tax Trouble — Again!
In 2015, actor Robert De Niro’s financial situation made headlines when the IRS went after him for $6.4 million in back taxes. According to the agency, De Niro failed to pay his personal income tax from 2013, and he owed them big time. The actor claimed he hadn’t known about the oversight and quickly had a $6.4 million check hand-delivered to the IRS. That seemed like the end of his tax woes. But according to Page Six, the Academy Award winner is now back in the agency’s bad books — this time for back taxes. De Niro reportedly owes $18.25 million from the 2018– 2019 tax year. The income from his next two movies — likely “Wash Me in the River” and “Canterbury Glass”— will help him pay the bill.
You might think that after paying off $6.4 million without breaking a sweat in 2015, this tax trouble would be easy for De Niro to handle. Unfortunately for him, that’s not the case. His debt to the government is complicated by his messy, ongoing second divorce from his estranged wife Grace Hightower, who is supposedly spending millions of their shared dollars. Still, it’s difficult to feel bad for the “The Irishman” actor, whose net worth is estimated at $500 million. As Manhattan Supreme Court Justice Matthew Cooper put it, despite the tax debt and divorce, “[De Niro and Hightower] will still come out of this richer than almost any human being who walks this Earth.”
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