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March 07, 2008
Yolanda Adams under investigation
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.
According to Bossip.com 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.
Yolanda just remember the lyrics of your song 'Never Give Up' ...that's how these tax people are.
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