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Tax trouble for rock’s ‘Prince of Darkness’ Ozzy Osbourne and his daughter Kelly

April 11, 2011

Kelly Osbourne, daughter of one-time outrageous rock and roller Ozzy, apparently is a bad girl herself, at least when it comes to taxes.

She allegedly owes more than $30,000 in unpaid California taxes.

Singer and actress Kelly Osbourne arrives at the 53rd annual Grammy Awards in Los Angeles, California, February 13, 2011. REUTERS/Danny Moloshok (UNITED STATES – Tags: ENTERTAINMENT) (GRAMMYS-ARRIVALS)

Singer and actress Kelly Osbourne arrives at the 53rd annual
Grammy Awards in Los Angeles, Calif., on Feb. 13, 2011.

Los Angeles County court documents obtained by the gossip website/syndicated television show TMZ allege that the 26-year-old singer failed in 2009 to pay $34,763.30 in taxes to the state.

That was the year that Ms. Osbourne took third third place on Dancing with the Stars.

She reportedly is worth $15 million thanks to her role on E!'s "Fashion Police'"show, a magazine column deal, acting projects and her new job as spokesperson for Madonna's Material Girl clothing range.

Parental tax problems, too: Meanwhile, Kelly's parents reportedly are in bigger tax trouble.

Kelly's legendary heavy metal musician dad Ozzy, (the Prince of Darkness since 1979) aka  and daytime TV talk show host mom Sharon reportedly owe the Internal Revenue Service more than $1.7 million in unpaid taxes dating back to 2008.

TMZ, hot on the Osbourne family tax trail, reports that Los Angeles County Recorder's Office records allege the 62-year-old rocker and his wife, 58, failed to pay $718,948.25 for the 2008 tax year, and $1,024,175.03 for 2009.

 This is not the first time an Osbourne has run afoul of the tax collector. In 2009 papers were filed claiming Sharon had not paid $23,000 in California taxes for the 2007 tax year.

But now there's speculation that the Osbournes could lose at least one of their California properties to tax liens.

Sharon, though, seems to be taking responsibility for the financial and tax issues. She commented last week on her Twitter account, "You can't rely on anyone but yourself. You have to be on top of your own business affairs. My fault……..lesson learned."

What about Jack? All this Osbourne family tax turmoil has me wondering what's up with Jack, Ozzy and Sharon's son and Kelly's younger brother.

Jack's production company is in the midst of finalizing a documentary on his dad; it's scheduled to hit theatres later this year.

I sure hope he and his company have good accountants and tax advisers.

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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.)

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