Yolanda Adams’ IRS Issues

- By Bossip Staff

Posted by Bossip Staff

Yolanda Adams has her IRS game on Wesley Snipes status:

Houston gospel singer and radio host Yolanda Adams is under investigation by the Internal Revenue Service. The agency has asked a federal judge to force the entertainer to turn over documents after she failed to show up for an appointment last month to explain her financial affairs. The agency is trying to determine her tax liability and how to collect on the debt. According to filings in Houston federal court, the IRS probe stems from two million-dollar mortgage loan applications. A 2005 Ocwen application said Adams earned $40,000 a month and listed $8 million in assets — including an $800,000 trust account, $4.9 million in other personal holdings and jewelry worth $1.5 million. That document said she owned 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. She owns a home worth more than $2 million in Houston’s Royal Oaks Country Club subdivision.

The federal government has asked a judge to order Adams to appear with “records, papers or documents” or explain why she should not be forced to comply with the summons. They believe that somebody has either overreported deductions or underreported income. The IRS is not an agency that is easy to avoid. Generally, if they want information, you’re going to have to give it to them.”

She better not play with the IRS, they are serious about getting their paper.


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