OZZY OSBOURNE Pays Off $1.7 Million Tax Debts
April 14, 2011Ozzy Osbourne and his wife/manager Sharon have paid off their $1.7 million U.S. tax debts.
It was reported last week that the IRS placed a lien on the house belonging to Sharon and Ozzy — who reportedly owed $718,948 from 2008 and $1.024 million from 2009.
"At 4 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," Osbourne said in a statement released to gossip writer Perez Hilton. "I then contacted my accountant 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."
Sharon had a tax lien issue in 2009 when she owed $23,000 to the State of California for the 2007 tax year.
Ozzy and Sharon recently listed their Malibu beach house on the market for $10 million.
The 4,500-square-foot, three-story oceanfront residence has five bedrooms and five bathrooms, along with a library, office, hot tub, walk-in closets and a backyard with a view of the Pacific Ocean.
The couple bought the house in March of 2003 for $5.1 million and first placed it on the market in 2006 for $14 million, with the place going on and off sale several times since then.
It's also available for rent starting at $40,000 per month.
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