Hit R&B Singer Yolanda Adams Being Investigated by The IRS, Reports
Date: 03/07/08 | Singersroom News
Filed under: R&B News, Yolanda Adams
The internal Revenue Services (IRS) is reportedly investigating R&B singer/radio host Yolanda Adams. She was ordered by a federal judge to turn over her financial records for 2000, 2001, 2003 and 2004, after failing to show up for an appointment last month to clarify her financial affairs.
The agency is trying to sort out her tax liability and how to collect on the debt. According to filings in Houston federal court, two million-dollar mortgage loan applications precipitated the investigation.
The Houston Chronicle reveals that a 2005 Ocwen application said Adams earned $40,000 a month and listed $8 million in assets, along with an $800,000 trust account, $4.9 million in other personal holdings and jewelry valued at $1.5 million. The document also states she claims ownership of a Lexus and a Hummer.
A subsequent Chase home loan application listed $3 million in assets, including a business worth $1.5 million, a Mercedes-Benz and a Range Rover. The singer also reportedly owns a home worth more than $2 million in Houston's Royal Oaks Country Club subdivision.
The agency also wants details about her endorsements and royalties as well as music companies and foundations with whom she is affiliated.
Adams’ lawyer, Houston entertainment lawyer Ricky Anderson, said Wednesday that he was unaware of the lawsuit and declined to comment until he could look at the IRS filings and reach Adams, who is headlining on a gospel cruise to the Bahamas this week.
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Fear not, my dear mentor--didn't God send us a "fear not" for every day of the year? Just another test for your next testimony! Sounds like a song for your next album to me! Love you always--you've really let God use you!
well she is a great singer and all ..okay they made a mistake so what...So if she is so int the lord why she has all this expensive lavish items and don't pay on anything go to appointments. Ya'll are so blind to tje fact if you get this paid and have million dollars home i want to see you contributing those monies to homeless or people that really need it ...To me preachers,singers and anyone that makes money off of the LORD is soliciting him ..And i don't know the whole bible but I know soliciting him like that is wrong and goes against his word...So Yolanda get it together girl
FIRST OF ALL YALONDA IS A GOSPEL SINGER WHO EVER MADE THAT MISTAKE GOD BLESS YOU BUT N-E-WAYS SHE GONE GET THROUGH IT IN GODS WILL
Glad somebody else said it before me...Gospel singer Yolda Adams not R&B. Hope the rest of these stories are correct!
NO MATTER MS. YOLANDA IS STILL A GREAT GOSPEL SINGER WHO TRULY LOVES THE LORD SO I PRAY EVERYTHING WORKS OUT GOOD FOR HER & FAMLIY.
Yolanda Adams is NOT a R&B artist, she is gospel. If you are going to be airing people's dirty laundry, then make sure that all your facts are right!
Uh..Yolanda Adams is a Gospel Singer, get it right.
hey yolanda adams is a gospel artist not R&B artist. the best to.