Rick Mahorn was a basketball player who played for the Detroit Pistons, and sadly has filed bankruptcy as the result of an IRS debt on unpaid taxes.
The Mahorns filed for Chapter 7 bankruptcy following failed investments, a drop in value of a home, and IRS back taxes. Pro athletes make a lot of money, but also need to pay a lot in taxes. The more successful you become, and if you owe back taxes, the larger the target you are for the IRS.
Government tax collectors will always go after individuals with large incomes, as they are the most likely to pay their debts.
Read more about tax problems at the USA Today. Image credit Need4sheed.com
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Tags: celebrity tax problems, NBA star tax problems, pro athlete IRS, Rick Mahorn irs, Rick Mahorn tax
