Advertisement
taxes

Rich, famous and tussling with the taxman

Taxes » Tax Law » Rich, Famous And Tussling With The Taxman

Val Kilmer
Val Kilmer © PR Photos

The star: The California leading man is best known for his portrayal of rocker Jim Morrison in "The Doors," Naval aviator Iceman to Tom Cruise's Maverick in "Top Gun" and the Dark Knight in "Batman Forever."

Amount owed: $498,165

What happened: Tax troubles are nothing new to Kilmer, who according to The Associated Press was slapped with a $498,165 IRS lien for unpaid taxes from 2008. In July 2009, the IRS previously presented Kilmer with an overdue tab of $538,858. Kilmer's tax woes date back to 2004, when a New Mexico Court of Appeals ruled against the actor and then-wife Joanne Whalley's claim that they were owed a tax refund of more than $300,000.

The outcome: The Iceman came forth to the taxman in late 2011 after selling his 5,328-acre New Mexico ranch near Santa Fe to a Texas oil executive for a reported $18.5 million in cash, according to The New Mexican newspaper.But the drama continues. In 2013, TMZ reported that Kilmer was sued for $128,000 by the consultant he hired to get him out of his tax mess.

advertisement

Show Bankrate's community sharing policy
          Connect with us
REFINANCE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed refi 4.09%  0.03 4.12%
15 year fixed refi 3.20%  0.01 3.21%
10 year fixed refi 3.24%  0.02 3.26%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.30%  0.03 4.27%
50K FICO-based HELOC 3.96%  0.01 3.97%
100K FICO-based HELOC 3.81%  0.01 3.82%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.75%  0.10 2.85%
48 month used car loan 2.99%  0.07 3.06%
60 month new car loan 3.20%  0.06 3.26%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.98%  0.00 0.98%
2 Year CD 1.21%  0.01 1.20%
5 Year CD 1.87%  0.04 1.83%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.76% --0.00 15.76%
Cash Back Cards 16.44%  0.01 16.43%
Low Interest Cards 11.04%  0.03 11.01%
 
Next
advertisement
WEEKLY TAX TIP NEWSLETTER

Our tax expert Kay Bell provides resourceful tips and advice to help you stay prepared for filing.

advertisement

Connect with us