Sinbad filming a scene for The Celebrity Apprentice 3 in New York (10/22)

So I guess Sinbad owes some back taxes . . . 8 MILLION DOLLARS WORTH! Holy crap. From the Detroit News:
Comedian/actor Sinbad's financial problems just got a whole lot worse. The Benton Harbor native, who emceed Motown Records' 50th anniversary gala last month, owes more than $8.15 million in delinquent federal taxes and the U.S. Attorney General's office wants his house sold to help satisfy the debt, according to federal court records.

On Dec. 10, an assistant U.S. attorney asked a federal judge to foreclose on several tax liens and determine the 53-year-old comedian (full name Sinbad Adkins) is the true owner of a $1.5 million home in Hidden Hills, Calif.

The home's title is held by his brother, Michael Adkins, but since 1998 the federal government says mortgage interest and property taxes either have been paid by Sinbad's company Afros & Bellbottoms Productions Inc. or by the comedian's personal checking account.

One possible hiccup, however. On Dec. 11, the day after the government filed the case, Sinbad filed Chapter 7 bankruptcy in California, listing between $10 million and $50 million in liabilities and less than $50,000 in assets.

Here's a breakdown of his IRS debt:

  • 1998: $2,358,563
  • 1999: $1,136,002
  • 2000: $1,170,451
  • 2001: $953,758
  • 2002: $626,045
  • 2003: $542,942
  • 2004: $612,367
  • 2005: $157,934
  • 2006: $599,663
Wait a minute, Sinbad made enough money the past decade to owe $8 million in taxes? Really? It's stories like this that make me want to roll my college degree up and beat my high school guidance counselor to death with it. Screw you Mrs. Barnes-Johnson and your ball-less hyphenating last name pussy husband. But seriously, where did all that money Sinbad made go? It's pretty clear he didn't waste any of it on a personal trainer or stylist.

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[Pacific Coast News]
  • Anon

    He was making a killing from 1998 to 2001 if he yearly tax bill was $1-2 million a year.

  • accountant by trade

    Those fines and penalties are crazy with the IRS. He could have started out owing a much more reasonable amount originally.

  • accountant by trade

    Those fines and penalties are crazy with the IRS. He could have started out owing a much more reasonable amount originally.

  • Anonymous

    No big deal. All he needs to do is run for political office as a dem and all will be forgiven by the IRS.


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