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Financial Juneteenth | Mekhi Phifer’s bankruptcy filing shows a massive $1.2 million dollar debt to the IRS

by / May 9, 2014 Black News, News 35 Comments

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No one expected Mekhi Phifer to end up in bankruptcy court.  But there are quite a few black celebs who end up on the short end of the financial stick.  What are the causes?  Is it due to gross financial mismanagement or are the problems more nuanced than that? 

This article on Financial Juneteenth says that Mekhi was in deep trouble with the IRS, which was probably the reason he filed.  Thanks to TMZ, everyone knows what was going on with him financially, and even though he’s still earning six figures, he’s in a pretty deep financial hold.  

Check it out: 

Actor Mekhi Phifer is a good actor and seemed to be someone who was doing quite well.  But his recent bankruptcy filing has surpised those who expected him to be on top of his financial life rather than beneath it.    But TMZ tells everything and they’ve laid out the details of Phifer’s financial struggles.  Here’s some of what the website had to say about the 39-year old actor:

He owes $1.2 million in back taxes, $50,000 in lawyers fees, and $4,500 in child support.  This is according to court records.

via Financial Juneteenth | Mekhi Phifer’s bankruptcy filing shows a massive $1.2 million dollar debt to the IRS.

James

35 Comment

  1. Oh Well…….The Child Support is First Priority. Everything else is secondary so he needs to get that Child Support taken care of A.S.A.P.

  2. this is just another case of lack of [MENTAL DISCIPLINE]
    some people and especially entertainers and athletes
    lack self control and mental discipline in other words
    you may be talented but you lack the basics/ common
    sense ok.these young entertainers have not learned
    fron observing the old school entertainers and their
    problems with the law-the I.R.S. ETC, IN OTHER WORDS
    THEY MOST OF THEM ARE NOT MENTALLY PREPARED
    FOR SUCCESS. when it comes to dealing with the i.r,s
    or paying your taxes you never leave such an important
    matter to your manager or your lawyer ,you take your
    ass down to that office somewhere downtown and you
    pay the freaking tax yourself that way you can be absolutely
    sure that your bills are paid in full ok.for some people it is too much hard work to think and do for yourself instead they leave that up
    to people who usually do not have their best interest at heart.
    by the way for those who are not aware of this face [INCOME TAX IS ILLEGAL-OH YES IT IS. BIZ TAX ETC IS LEGAL but that is
    another story my advice if you want to learn about some very important things that you will never learn in any school blk or wht
    real education = youtube
    just go to youtube and get the real 411 on just about anything
    that is worth learning especiallyancient

  3. @ Louis Swan II – if he dont pay his taxes hes gonna get locked up then he cant work and make money. More likely he can get CS reduced while he gets the taxes in order, plus baby mama should be workin anyway, the kid wont starve.

  4. What! He can’t even take care of his kids.
    This guy is financially illiterate. What the hayell is wrong with our black men. This shameful. We can make it rain in the clubs & drink crstall all nite long, but when it comes down to taking care of our kids kids that’s on the back burner. Yet he would have have women lined up aruond the corner to get with him.

  5. His business. End of story.

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