Guess how much Al Sharpton owes in back taxes
How much does Al Sharpton Owe the IRS?
Of course, we can always leave it to Snopes.com to fact check everything from a bias, but it looks like there’s a mixture on their part.
So the question is: Does Al Sharpton Owe the IRS?
According to Snopes.com, on the question of Does Al Sharpton Owe Millions in Back Taxes — Mr. Sharpton said the federal liens resulted from a demand by the I.R.S. that he pay taxes on earnings from speaking engagements.
The claim is that Al Sharpton owes more than four million dollars in unpaid taxes.
“On 18 November 2014, the New York Times published an article titled “As Sharpton Rose, So Did His Unpaid Taxes” asserting more than $4.5 million in current state and federal tax liens had been taken out against the civil rights activist and his for-profit businesses. That item echoed a previous article published in August of 2014 by the New York Post titled “Sharpton Demands Accountability, But Still Owes Millions in Back Taxes.” Both articles stated records reviewed by the respective publications showed Sharpton owed millions of dollars to state and federal agencies in unpaid taxes, with the Post reporting:
Sharpton himself owes New York state $806,875 and has federal liens for unpaid personal income taxes against him totaling $2.6 million, records show.
The Harlem-based NAN owed $813,576 to the federal government at the end of 2012, according to the most recent filings for the group.
Sharpton’s company, Rev-Al Communications, owes $447,826 to the state. His Bo-Spanky Consulting firm has only $18.21 in outstanding debt, according to state records.
The Post went on to quote Sharpton as disputing the size of the tax debt but not denying its existence. That article did not specify which records were reviewed to arrive at the sum claimed by its writers ($4.7 million in total), whether the records they claimed to review were public or private, or how the records were obtained.
The New York Times report was similarly non-specific about Sharpton’s tax debts. That article went into significant detail about Sharpton’s rise to prominence as well as his known fiscal history bit admitted verifying precise dollar amounts of what Sharpton might or might not owe to federal or state tax agencies was difficult:
Mr. Sharpton said the federal liens resulted from a demand by the I.R.S. that he pay taxes on earnings from speaking engagements that he had turned over to National Action Network. He said he was up to date on payment plans for both the federal and state liens, so, he said, the outstanding balance was much lower than records showed.
But according to state officials, his balance on the state liens is actually $220,000 greater now than when they were first filed during the years 2008 through 2010. A spokesman for the State Department of Taxation and Finance said state law did not allow him to provide any further details.
An I.R.S. spokesman said federal law prohibited the agency from providing information about individual taxpayers.
Read more @ Snopes.com
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