Former Pantera bassist owes the IRS 450k

[wyldweasil]

USA Today reports that former Pantera (and Down) bassist Rex Brown owes $449,567 to the United States government in back taxes and penalties. USA Today had the following to say:

"Brown owes $449,567 to the federal government in back taxes and penalties, according to five tax liens filed by the Internal Revenue Service. The most recent and largest lien, for $210,157, was filed in his home state of Texas in January. Other liens were addressed to a Los Angeles accounting firm that handles entertainers. A sixth lien for $72,695 was released by the IRS in 2008, a sign those back taxes were paid."

Although Pantera had several platinum albums and surely still generates income for Brown, we'd be shocked if he has enough money to cover these debts outright. As is nearly always the case under these circumstances, Brown will work out some sort of payment plan that requires he pay considerably less than the aforementioned total. If Brown fails to reach such an agreement, USA Today states that "the federal government can seize Brown's share of Pantera's revenue, including royalties from his shared record and songwriting credits."

Brown has yet to publicly address the matter.

http://lambgoat.com/news/18164/Pante...axes-penalties
http://www.usatoday.com/life/people/...les/54319528/1

That's really bad. Not like he can blame this on illegal downloading. Considering Pantera is about to re-release 'Vulgar' this is not a good time for Rex

[Dr. West]

Wow.

[metalhobo]

Who cares? That's his own business.

[el_destrukto]

I have no idea what Rex's specific situation is, but...

A lot of times this happens because people are hired to handle certain responsibilities and do not do their jobs. Accountants and "business managers" can be VERY shady people. Especially in the entertainment business.

I've seen it happen firsthand. Not to me, but to people very close to me. Is it their fault? Ultimately, yes... for not paying attention to their own business and finances. However these so-called professionals are hired for a reason. It's fucked up that you'd have to assume everyone is a crook.

[Mick]

Originally Posted by metalhobo

Who cares? That's his own business.

+1

[Ozzfun]

dun da dun dun dun dun REEEE!!!! dun da dun dun dun dun SPECCCTT!!!!! dun da dun dun dun dun... whhaaaaaat!?!??!?

[ESP 348]

Better him than me!

[Tondog]

Atta boy Rex! It's better to owe than have them owe you!!! He can settle this for pennies on the dollar and be full of win. His half mil would have just gone for bad military planning in Afghanistan or for handouts to the lazy fucks anyhoo.

[wespaul]

Originally Posted by metalhobo

Who cares? That's his own business.

It's still interesting.

[Dist_Redbeer]

ding do nun dun dummm dun da dun dun dun dun




dun da dun dun dun dun dun da dun dun dun dun dun da dun dun dun dun


This board without poid and boogie, is lost. Boring.

[Tondog]

Originally Posted by Dist_Redbeer

ding do nun dun dummm dun da dun dun dun dun




dun da dun dun dun dun dun da dun dun dun dun dun da dun dun dun dun


This board without poid and boogie, is lost. Boring.

Dude...less time posting this crap and more time spent with Rosetta Stone learning English if that's what you're going to pretend to be speaking in here.

[Spoonylove]

Originally Posted by Tondog

Dude...less time posting this crap and more time spent with Rosetta Stone learning English if that's what you're going to pretend to be speaking in here.

Alright, you can do almost whatever you want on here, but Unreal? No, leave him out of this. He is an angel.

[Tondog]

Originally Posted by Spoonylove

Alright, you can do almost whatever you want on here, but Unreal? No, leave him out of this. He is an angel.

...quick someone pass me the code translation manual!!!

[deus ex machina]

D:

[IbbySRX]

At least I got a fuckin' refund. I can't imagine owing close to a half mil!