Massive Tax Debt Leaves Dionne Warwick Bankrupt
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Soul singer Dionne Warwick owes more than $10 million in unpaid taxes and has filed for bankruptcy in New Jersey, her spokesman Kevin Sasaki said Tuesday.
Sasaki says the “Alfie” crooner’s financial woes were caused by “negligent and gross financial mismanagement” from the late 1980s through the mid-1990s. The back taxes owed have been paid, but interest have continued to accrue.
“In light of the magnitude of her tax liabilities, Warwick has repeatedly attempted to offer repayment plans and proposals to the IRS and the California Franchise Tax Board for taxes owed. These plans were not accepted, resulting in escalating interest and penalties.”
Known for her signature standards, like “Do You Know the Way to San Jose,” “Don’t Make Me Over,” “Walk on By” and “I Say a Little Prayer,” more recently the Grammy Award winner appeared on NBC’s Celebrity Apprentice. The petition was filed in the US Bankruptcy Court on March 21 and list Warwick’s average monthly income as $20,950 and expenses at $20,940. She has $25,000 in assets.