Joe Francis at the OK! magazine Pre-Oscar Cocktail Party at Beso nightclub in West Hollywood (3/5)

See how happy Joe Francis is above? It's because the IRS had just dropped the $34 million tax lien they filed against him last November. Um, oopsy. From Contact Music:

Girls Gone Wild founder Joe Francis is still not free of his financial woes - tax officials are demanding part payment of a $34 million bill, just weeks after dropping the case, according to a U.S. report.

Bosses at the IRS filed a lien against Francis for the cash in November, after he allegedly fell behind with payments in 2001, 2002 and 2003. Francis insisted he was baffled by the IRS claim and was relieved when chiefs dropped the massive demand last month (February). But IRS bosses admit they made a mistake dropping the case - and are now demanding a part payment of $29.4 million from Francis.

Joe should know that the IRS doesn't mess around.-- if he doesn't start making payments soon, he's going back to prison. Let's just hope that he hasn't forgotten some of the valuable lessons he learned from his last time there -- like not sleeping on your stomach, cigarettes are worth their weight in gold, and that when using your rectum like a piggy bank, the maximum that it can typically hold is between $400-$500 per deposit.

[Flynet]