Thursday, 12 April 2007

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Marc Anthony to pay $2.5 million in back taxes

J.Lo's hubby failed to file tax returns say New York prosecutors

Marc Anthony has agreed to pay $2.5 million in back taxes and penalties after failing to file returns for five years, New York prosecutors said Wednesday.

Anthony, 38, the husband of Jennifer Lopez, wasn't prosecuted because an accountant handled his returns and Anthony thought the taxes had been paid, according to Manhattan District Attorney Robert Morgenthau.

Lopez, 37, wasn't implicated in the investigation because the couple didn't file jointly, the Associated Press reports.

Morgenthau said Anthony didn't file returns for 2000 through 2004 on $15.5 million in income, according to AP.

Two of Anthony's associates, including his brother, who managed Anthony's businesses, have pleaded guilty to tax felonies and will pay back taxes and fines, AP reports.