EURweb |
YOLANDA ADAMS ASKED TO ‘OPEN UP HER FINANCIAL RECORDS:’ Gospel singer investigated by IRS.
*Houston based gospel queen and syndicated radio host Yolanda Adams, 46, is being investigated by the Internal Revenue Service, according to the Houston Chronicle.
The singer is being forced by a federal judge to turn over her financial records for 2000, 2001, 2003 and 2004, after failing to show up for an appointment last month to clarify her financial affairs.
The agency is trying to sort out her tax liability and how to collect on the debt. According to filings in Houston federal court, two million-dollar mortgage loan applications precipitated the investigation.
The Chronicle reveals that a 2005 Ocwen application said Adams earned $40,000 a month and listed $8 million in assets, along with an $800,000 trust account, $4.9 million in other personal holdings and jewelry valued at $1.5 million. The document also states she claims ownership of a Lexus and a Hummer.
A subsequent Chase home loan application listed $3 million in assets, including a business worth $1.5 million, a Mercedes-Benz and a Range Rover. The singer also reportedly owns a home worth more than $2 million in Houston's Royal Oaks Country Club subdivision.
The agency also wants details about her endorsements and royalties as well as music companies and foundations with whom she is affiliated.
Adams’ lawyer, Houston entertainment lawyer Ricky Anderson, said Wednesday that he was unaware of the lawsuit and declined to comment until he could look at the IRS filings and reach Adams, who is headlining on a gospel cruise to the Bahamas this week.
---------------------
$500 - $1000/Per Day (CA$H)
(Just Returning Phone Calls)
**No Selling **Not MLM **No Boss
Full Training & Support 24/7
Learn From Successful Mentors Daily
For Audio Details Visit:
www.missionarycmoney.com
(888) 304-9888 (Be Financially Free)
The EURweb Media Expo & Awards Show is Coming!
-------------------------------
It's been 10 years in the making and on August 1, 2008
EURweb.com will present its first Media Expo & Awards
Show at the LA Convention Center. All media companies
should plan on being at this historic event. For more
info, visit: www.eurweb.com/mediaexpo/ or send email to
EURwebAwards@eurweb.com or call (toll-free) 866-366-2160
Share and Bookmark |
 |
 |
 |
 |
 |
 |
 |
 |
.JPG)
