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Ozzy Osbourne won’t lose home to IRS

April 14, 2011

All is right in the musical Prince of Darkness' world.

The $1.7 million federal tax bill owed by heavy metal rocker Ozzy Osbourne and his daytime TV talk show host wife Sharon has been paid. The lien that was was placed in connection with the overdue IRS bill should soon be released.

Despite Sharon's initial willingness to take responsibility for staying on top of her family's finances, she now says it was their accountants' fault.

"At 4:00 p.m. on Friday afternoon I received a phone call from my publicist who had a reporter on the other line informing her that the IRS had just put a lien on one of our properties," Sharon said in a statement about the tax trouble.

"I then contacted my accountants who said they knew nothing about any lien. The lien has been paid. I do intend to find out how this lien happened without the knowledge of myself or my accountants. I hope none of this reflects negatively on mine and Ozzy's moral character."

I'm wondering if it's the same accountants who took care of (or rather, didn't take care) of daughter Kelly's California taxes.

Maybe the Osbournes need to check out these tips on hiring a tax pro.

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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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