IRS to Conrad Black: That'll Be $71 Million

By aaroncynic in News on Jul 15, 2010 5:40PM

The IRS is seeking $71 million in back taxes from former media tycoon/Sun-Times owner Conrad Black, who is serving 6 ½ years in prison for fraud and obstruction of justice. The IRS claims that Black paid no taxes from 1998 to 2003, when he earned a taxable income of $120 million. Black’s legal team refuted the claim, saying that during those years he “was neither a citizen nor a resident” of the United States during those years. In addition, Black’s tax court petition called the IRS bill baseless and “hopelessly biased.” The IRS denies it lacks basis for the bill.