Dionne Warwick has filed for Chapter Seven bankruptcy over tax liens dating to the 1990s.
Rolling Stone reports that the five-time Grammy winner, 72, filed on March 21, ending a lengthy relationship with the IRS that reportedly began with an inept business manager.
“Ms. Warwick had a business manager who mismanaged her affairs,” her attorney Daniel Stolz told Rolling Stone. “Before she knew it, she owed a gazillion dollars in taxes. She’s actually paid more than the face amount of the taxes, but with all of the crazy interest and penalties that they add, the number kept mushrooming — even though she paid off the amount that she owed in terms of the actual taxes.”
Warwick’s financial issues have resurfaced multiple times during the past 15 years, though the manager in question was fired several years ago. According to Stolz, the singer filed taxes annually and was unable to come to an agreement with the IRS despite several attempts. At one point, the IRS allegedly lost Warwick’s file for several years. In 2012, the performer’s name could be found on a 2012 list of the Top 500 people and businesses owing significant unpaid taxes in the state of California.
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