Robert J. Fedor, Esq., L.L.C.

Mary J. Blige and husband owe $3.4 million in tax debt

In recent years, millions of Americans have fallen on tough economic times. Job loss, falling property and home prices and medical debt are all factors that often result in financial hardship. Even those Americans of considerable wealth have suffered. In many cases, such individuals may appear outwardly well-off while assets dwindle and debt mounts. We recently learned of the precarious financial standing of Grammy-award winning singer, Mary J. Blige.

News recently broke that the 42-year-old singer and her husband are currently facing criminal tax charges related to roughly $3.4 million in unpaid taxes. While it's not clear exactly what actions or inactions resulted in the diva songstress' current predicament, it's likely that personal debt along with ill financial advice is to blame.

Blige and her husband are accused of failing to pay taxes for the tax years 2009, 2010 and 2011. Additionally, the couple was recently the subject of a lawsuit after defaulting on a $2.2 million dollar loan. While Blige has been quiet about rumors of financial trouble, the most-recent reports related to delinquent taxes appear to confirm prior reports.

Speaking out about the tax debt, Blige has reportedly hired a new team of financial and legal experts to help resolve her tax woes. In matters related to tax debt, back taxes and delinquent taxes; a tax attorney can be an invaluable asset. A legal tax professional who is experienced at handling such matters can help provide for the best possible outcome and help to quickly resolve legal issues related to delinquent taxes. In many cases, an attorney will be able to negotiate terms that allow an individual to repay a portion of the tax debt while avoiding criminal charges and time behind bars.

Source: Rollingstone, "Mary J. Blige Faces IRS Lien for Unpaid Taxes," RJ Cubarrubia, May 24, 2013