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Australian tax officials free Paul Hogan

September 4, 2010

Australia still wants the millions in taxes it says actor Paul Hogan owes, but tax officials relented a bit and have let the Crocodile Dundee star return to his home in Los Angeles.

391562 08: Actors Paul Hogan, right, and David Ngoombujarra perform in a scene on the set of the film 'Crocodile Dundee in Los Angeles' in this undated photo. (Photo by Paramount Pictures/Getty Images)

“The figures that I’ve seen in the paper are between $3 million and $150 million and it is somewhere in that area and I can tell you quite honestly I can’t pay it,” Hogan told Australias’ ACA/Channel Nine. “I can’t pay 10 percent of it. I’m not as rich as people think I am.”

The dispute between Hogan and the Australian tax office dates back five years to an Australian probe into offshore tax havens, a claim Hogan has adamantly denied.

“I actually came out here at the request of the Australian Crime Commission at my own time and expense to assist them with their inquiries,” he said in the TV interview.

“If I was a tax evader, which I’m not, I must be the dumbest one in the world, because they gave me five years’ notice that they’d seized every bit of paper that my tax advisers and lawyers and accountants [had] and said ‘we’re after you.'”

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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.)

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