Singer Dionne Warwick has been forced to file for bankruptcy over $1 million in taxes the IRS says that she owed the government.
Dionne Warwick
The debt goes back to the 90s and was originally valued by the government at $2.2 million. Her attorney, Daniel Stolz, told Rolling Stone “Ms. Warwick had a business manager who mismanaged her affairs. … 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.”
The attorney added that the taxes are so old now that the law allows them to be discharged through bankruptcy. She filed in New Jersey where most of her assets will be protected including her S.A.G. pension.
