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Angela & Vanessa Simmons Owe’s IRS $450.000 In Back Taxes!

Russell Simmons‘ nieces are having a few money problems. Who new that would ever happen to Angela & Vanessa Simmons. The duo has been slapped with tax liens by the IRS and the state of California. All to the tune of over $450,000! Now, thats a lot of cheddar don’t you think?!. More details below….

Running a business is hard work. And when you have accountants and managers handling your books and taxes. it’s easy for things to get overlooked and to get past you. But when you owe over $450,000…ish can get real. And isn’t good for your heiress image.

The Detroit Press just reported that 24-year-old Angela & 28-year-old Vanessa have a rap sheet of tax liens which posted in 2011:

The IRS filed a $26,658 tax lien against Angela Simmons on Dec. 22 with the New York City Register.
The IRS filed a $22,528 tax lien against Vanessa Simmons on Dec. 22 in New York.
The IRS filed a $157,787 tax lien against Vanessa Simmons on Nov. 10 in New York.
The IRS filed a $27,248 tax lien against Angela Simmons on May 20 in New York.
The IRS filed a $132,466 tax lien against Angela Simmons on April 1 in New York.
The state of California filed a $44,253 tax lien against Vanessa Simmons on March 23 in Sacramento County Court.
The state of California filed a $39,538 tax lien against Angela Simmons on March 23 in Sacramento.

There’s no comment from Angela or her rep.

Doubt the girls are lacking in the mula department. But staying on top of finances is all a part of business…

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5 Comments

  1. Anonymous

    January 4, 2012 at 9:53 pm

    Another reason why education is more important than fame and money. What good is having wealth and fame when you cant count beyond your ten fingers and 10 toes or manage/oversee the work of the people you hire to handle your business? Instead of walking the streets dressed up or vacationing around the world, Angela needs to get back in school to earn a business degree. You never leave your business in anyone elses hands, especially when you dont understand what they are doing. SMDH! Black folks love to run out and show off the minute they get something but dont know how to manage or keep it. Sigh..

  2. Lucy

    January 4, 2012 at 9:53 pm

    MAYBE IF ANGELA STOP STAYING ON THE BEACH EVERYDAY NAKED SHE WILL BE SOMEONE WHERE TRYING TO FIND OUT HOW SHE WILL PAY HER TAXES.OK UNCLE ARE YOU GONE TO PAY IT FOR THEM,WHY IN THE WORLD THEY GET SO FAR BEHIND ON TAXES,DO NOT MAKE ANT SENSE WELL THEY BETTER PAY BECAUSE UNCLE SAM DOES NOT PLAY…

  3. Barbie DOll

    January 4, 2012 at 9:54 pm

    They should do like Mohammed Ali, he had two accountants…one to do the books, another to look over what the other did. He was a smart man.

  4. Anonymous

    January 4, 2012 at 10:15 pm

    Im sure this has to do with them starting to do business in California, I dont see this as a big issue, the IRS files the liens and then notifies you, once notified I'm sure it is taken care of immediately. Im sure by the time this was posted those taxes were handled, but of course black folks will take this and run with it and find negativity in it because they need to put their misery someowhere so why not rejoice in someone elses so called problems.

  5. irsbacktaxhelp

    January 6, 2012 at 2:54 pm

    In response to the anonymous post above, that may be true. I doubt the truly owe the $450k. The right way to go at this is:
    1. Reconcile the debt, are they missing any returns?
    2. If you can pay in full, it's always the best solution. If you can't, get a loan, if you can't get a loan or it's too risky for the collateral, get an irs pay plan and pursue a penalty abatement. If you can't pay in full, other options are available.

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