Opens in a new tab

Al Sharpton’s tax troubles

May 10, 2008

The Rev. Al Sharpton usually isn’t one to shy away from attention, but no one likes it when the added interest comes from tax collectors.

Al_sharpton_2
The Associated Press reports that it has obtained government records indicating that
Sharpton and his business entities owe nearly
$1.5 million in overdue
taxes and penalties.

Sharpton’s personal debts include $365,558 in New York City income tax
and $931,397 in federal income tax, according to an IRS lien filed last spring. Sharpton’s for-profit company, Rev.
Al Communications, owes New York state another $175,962 in delinquent taxes.

According to the wire service, the U.S. Attorney also is investigating Sharpton’s National Action Network. Lawyers for the nonprofit group have been negotiating with the
feds over the size of the debt, as well as trying to pay off tens of thousands of dollars owed for failing to properly maintain workers compensation and
unemployment insurance.

This is not the first time Sharpton has tangled with the tax man.

In
1990, he was acquitted of tax fraud and charges that he stole from one
of his charities. He followed that up with what was essentially another
victory in a tax case by pleading guilty to a misdemeanor charge of
failing to file a state return.

Share:

The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

Latest Posts
How to avoid being haunted by ghost tax return preparers

October 28, 2026

Some ghosts this Halloween are cool trick-or-treaters. But when it comes to taxes, beware of…

Read More
TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Comments
Leave the first comment