New York Tag

Robert Redford Battling New York Over Massive Tax Bill From 2005 TV Sale

One of the most irritating things the IRS can do is seek back taxes for taxes you already paid. That is essentially what Robert Redford claimed happened when he sold a 20 percent stake in the Sundance Channel back in 2005. Mr. Redford was recently assessed a $1.6 million tax bill by the state of New York for the sale. Mr. Redford already paid taxes on the 2005 sale to the state of Utah. Mr. Redford argues in his lawsuit against the tax bill that Sundance Channel had no property, payroll, or receipts in New York and therefore owed no...

Continue reading

The Estate of Philip Seymour Hoffman – A Looming Legal Battle?

After starring in many blockbuster films, including Mission Impossible III and The Hunger Games: Catching Fire, Philip Seymour Hoffman amassed a net worth of roughly $35 million dollar, according to breathecast.com. The question now is - where will that money will go? Hoffman was not married, but did have a longstanding relationship with a girlfriend. Hoffman also had three children.We don’t know, as of the date of this posting, whether Hoffman had a will or any trust instrument set up for his family. If Hoffman died intestate (i.e. without a will), his estate will be distributed by the laws of intestate succession....

Continue reading