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Financial Woes for Britney Spears
4/25/08
Britney Spears has been dragged into yet another financial mess - one
of her brand companies owes more than $23,000 in taxes for earnings dating
back four years.
A week after Spears learned she'd have to pay her various legal
representatives $400,000, the pop star has been hit with another high-cost
headache.
A document obtained by U.S. cable network E! shows that Britney Online
Inc., one of Britney Spears' numerous name-brand companies, owes
$23,589.17 in California state taxes on the entity's 2004 earnings.
A warning from the Franchise Tax Board of the State of California
states that "further interest and fees will accrue" if the sum
is not paid.
Spears' father Jamie and a court-appointed lawyer took charge of the
singer's financial affairs after fighting for conservatorship of the Toxic
star's estate following her hospitalization for mental illness issues in
February (08).
It is not known if the singer's other brand-name companies face similar
tax issues.