Kim Zolciak-Biermann, a former Real Housewives of Atlanta star, has long rejected claims of financial woes, but it looks that the expenses are now catching up with her. The IRS has filed federal liens in excess of $1.1 million against Zolciak-Biermann and her husband, retired NFL outside linebacker Kroy Biermann.
Real Estate
The Bravo actor and Biermann allegedly defaulted on a $1.65 million loan on their Fulton County, Georgia, property last autumn. People claimed that Truist Bank will auction off the home in March 2023, but Zolciak-Biermann remained obstinate, writing on Instagram, “Ok you guys, my house has not sold for $257,000… You’re a fool if you think I’d sell my house, which we’ve spent millions of dollars on, for $257,000. For real.”
RedFin estimates the Alpharetta, Georgia, home is worth $2.4 million, and it sold for $880,000 on October 23, 2012.
Divorce
According to social media, Zolciak-Biermann and Biermann have stayed at the residence since then. However, financial troubles may have taken their toll. It was announced today that the couple has filed for divorce. They’ve been married for 11 years and have four children: Kaia Rose, Kane Ren, Kash Kade, and Kroy Jagger. Biermann also adopted Kim’s kids, Brielle and Ariana.
The date of separation is April 30, and the marriage is defined as “irretrievably broken with no hope of reconciliation.” Zolciak-Biermann is requesting primary physical custody of their children, shared legal custody, and spousal support. She also intends to reclaim her maiden name, Zolciak.
Background
In 2008, Zolciak-Biermann debuted on “The Real Housewives of Atlanta” as one of the original housewives. She departed in 2012 for her own spin-off, “Don’t Be Tardy for the Wedding,” which centred on her marriage to Biermann. The series was revived.
Tax Liens
The federal tax liens on file are for the tax years 2013, 2017, and 2018, and were assessed in 2019, 2020, and 2023. They were $1,147,834.67 as of March 30, 2023. Georgia also filed a state tax lien for more than $15,000 in 2018.
A tax lien serves to safeguard the government’s interest in your property, including real land and personal property. To file a lien, the IRS must first calculate your tax due and give you 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 claim to your property. This is significant because the government often has a priority claim—the lien informs creditors that they may not be first in line if you do not pay other obligations. If you sell any of your assets, you may be required to pay over the money to the IRS to settle your obligation.
If you pay your tax due in full, the IRS will discharge the lien. In certain cases, the IRS may work with you to eliminate the lien. Even if Zolciak begins paying her debt, the lien may remain—you may be liened even if you’re on a payment plan. A federal tax levy may still remain even if you file for bankruptcy.
It is unclear what Zolciak-Biermann’s future moves will be. She did not immediately reply to a request for comment.
Other Housewives and Taxes
Zolciak-Biermann is not the first of the “Real Housewives” to make headlines for tax evasion. In 2016, original “Real Housewives of Atlanta” cast member NeNe Leakes was served with a tax lien.
The previous year, “Real Housewives of Atlanta” actress Kim Fields (Tootie from “Facts of Life” to you and me) was given a federal lien for owing $212,000 in federal taxes for the tax years 2011, 2012, and 2013. In December 2013, her co-star, Sheree Whitfield, received a tax lien for more than $100,000.
And, of course, “Real Housewives of New Jersey” star Teresa Giudice served time in federal prison after she and her husband, Joe, pled guilty to charges of bankruptcy fraud and tax evasion. Giudice was freed from jail in December 2015, shortly before Joe started his 41-month term.
More in Entertainment: https://buzzing.today/entertainment/
Photo Credits: https://commons.wikimedia.org/