.png)
Redford Sues NY Over $1.6 Mil In Taxes For Sundance Sale
The actor claims he paid the taxes in Utah and doesn't owe any more money.
Robert Redford is suing New York state related to the sale of Sundance Channel.
The actor-director sued the New York State Department of Taxation and Finance in Albany County Supreme Court on July 30 claiming that he's being overtaxed on money his company made when it sold off a stake in the channel in 2005.
According to Courthouse News Service, Redford is being taxed $1.6 million by New York ($845,066 in taxes plus $727,404 in interest owed) on the money he made. But Redford, a Utah resident, says he paid taxes on the revenue in Utah and therefore doesn't owe New York.
He is seeking "a declaratory ruling on a pure question of law concerning the constitutionality of imposing on plaintiff, a nonresident of the State of New York, a personal income tax on the gain derived from the sale of an ownership interest in a limited liability company," according to the complaint.
 |
| Robert Redford Source: www.deadline.com |
By Kimberly Nordyke, Aug. 6, 2014, Hollywoodreporter.com
The actor claims he paid the taxes in Utah and doesn't owe any more money.
Robert Redford is suing New York state related to the sale of Sundance Channel.
The actor-director sued the New York State Department of Taxation and Finance in Albany County Supreme Court on July 30 claiming that he's being overtaxed on money his company made when it sold off a stake in the channel in 2005.
According to Courthouse News Service, Redford is being taxed $1.6 million by New York ($845,066 in taxes plus $727,404 in interest owed) on the money he made. But Redford, a Utah resident, says he paid taxes on the revenue in Utah and therefore doesn't owe New York.
He is seeking "a declaratory ruling on a pure question of law concerning the constitutionality of imposing on plaintiff, a nonresident of the State of New York, a personal income tax on the gain derived from the sale of an ownership interest in a limited liability company," according to the complaint.
Read the full story: www.hollywoodreporter.com
Follow Larry Elder on Twitter
"Like" Larry Elder on Facebook
No comments:
Post a Comment
Comment Policy:
The author of this blog will attempt to engage in conversation via the comments section whenever possible and recognize the 24/7 nature of the internet. Moderating and posting of comments will occur during regular operational hours Monday through Friday. Comments submitted after hours or on weekends will be read and posted as early as possible, however admins and/or the author is unable to commit to replying to every comment posted.
This is a moderated blog. That means all comments will be reviewed before posting. In addition, it is expected that participants will treat each other, as well as the author and admin, with respect. Comments that contain vulgar or abusive language; personal attacks of any kind will not be posted. Comments that are spam or that promote services or products will not be posted. It is requested that all comments remain on topic.
The Elder Statement blog does not guarantee or warrant that any information posted by individuals on this blog is correct, and disclaims any liability for any loss or damage resulting from reliance on any such information. The Elder Statement blog may not be able to verify, does not warrant or guarantee, and assumes no liability for anything posted on this website by any other person. The Elder Statement blog does not endorse, support or otherwise promote any private or commercial entity or the information, products or services contained on those Web sites that may be reached through links on our Web site.
To protect individual privacy and the privacy of others, please do not include phone numbers, addresses or email details in the body of a comment. Such information will result in removal of a comment.
Thank you for your attention.
The Elder Statement