NEW YORK, NY – APRIL 3: TV personalities Kroy Biermann and Kim Zolciak from “Don’t Be Tardy…” … [+]
Former Real Housewives of Atlanta star Kim Zolciak-Biermann has denied reports of financial hardship for some time, but it looks like the bills are finally catching up with her. The IRS has filed federal liens against Zolciak-Biermann and her husband, former NFL outside linebacker Kroy Biermann, for more than $1.1 million.
Real estate
Last fall, the Bravo and Biermann star allegedly breached on a $1.65 million loan on his home in Fulton County, Georgia. People reported that Truist Bank would auction the property in March 2023, but Zolciak-Biermann remained defiant. saying in an Instagram post“Ok guys, my house hasn’t sold for $257,000… If you think I’d give up my house that we’ve invested millions and millions of dollars in for $257,000, you’re an idiot, okay? Really.”
The Alpharetta, Georgia home is estimated to be worth $2.4 million per red finwhich also indicates that it sold for $880,000 on October 23, 2012.
Divorce
If social media is to be believed, Zolciak-Biermann and Biermann have remained in the house ever since. However, financial problems may have taken their toll. Today it was reported that the couple has filed for divorce. They have been married for 11 years and share four children, Kaia Rose, Kane Ren, Kash Kade, and Kroy Jagger. Biermann also adopted Kim’s daughters Brielle and Ariana.
The date of separation is noted as April 30, and the marriage is described as “irretrievably broken with no hope of reconciliation.” Zolciak-Biermann is seeking primary physical custody of her children, joint legal custody and spousal support. She also plans to resume her maiden name, Zolciak.
Background
Zolciak-Biermann appeared as one of the original housewives on “The Real Housewives of Atlanta” in 2008. She left in 2012 for her own spin-off, “Don’t Be Tardy for the Wedding,” which focused on her marriage to Biermann. . The series was reuploaded as “Don’t Be Tardy” and ran for eight seasons.
tax links
The registered federal tax liens correspond to fiscal years 2013, 2017 and 2018, and were assessed in 2019, 2020 and 2023. As of March 30, 2023, they amounted to $1,147,834.67. The state of Georgia also filed a state tax lien for 2018 worth more than $15,000.
The purpose of a tax lien is to protect the government’s interest in your property, including your real estate and personal property. To file a lien, the IRS must assess your tax liability and submit a bill. If you do not pay in full, the IRS may file a Notice of Federal Tax Lien, which notifies creditors that the government has a legal right to your property. This is important because the government often has a right of first refusal: the lien lets creditors know that they may not be first in line if you don’t pay other debts. If and when you sell any of your assets, you may be forced to turn over the proceeds to the IRS to pay off your debt.
If you pay your tax liability in full, the IRS will release the lien. The IRS can also work with you to remove the lien in other circumstances. But even if Zolciak starts paying his bill, the lien could stick; you can be taxed even if you have a payment plan. A federal tax lien can also continue even after you have filed for bankruptcy.
It’s unclear what the next steps might be for Zolciak-Biermann. She did not immediately respond to a request for comment.
Other housewives and taxes
Zolciak-Biermann isn’t the first of the “real housewives” to make headlines over taxes. Original “Real Housewives of Atlanta” cast member NeNe Leakes was hit with a tax lien in 2016
The year before, “Real Housewives of Atlanta” star Kim Fields (“Facts of Life” Tootie to you and me) was issued a federal lien after accruing $212,000 in federal taxes for tax years 2011, 2012 and 2013. His co-star, Sheree Whitfield, was also on the receiving end of a tax lien for more than $100,000 in December 2013.
And, of course, “Real Housewives of New Jersey” star Teresa Giudice spent time in federal prison after she and her husband, Joe, pleaded guilty to charges in a bankruptcy fraud and tax evasion case. taxes. Giudice was released from prison in December 2015, just before Joe began his 41-month sentence.