SOURCE: Tax Resolution Institute

The logo for the Tax Resolution Institute, founded by Peter Stephan, providing tax relief & services

February 19, 2010 14:00 ET

Something to Cry About: IRS Files Tax Lien for a Million Dollars Against Pop Singer Aaron Carter

Aaron Carter Could Benefit From the Help and Support of a Tax Expert Like Peter Stephan and the Tax Resolution Institute

LOS ANGELES, CA--(Marketwire - February 19, 2010) - Pop singer Aaron Carter, younger brother of Nick Carter of the Backstreet Boys, recently had tax liens filed against him by the IRS for a total of over one million dollars. In the news for crying on "Dancing With The Stars" after being criticized by the judges, Aaron Carter now really has something to cry about.

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The former teen idol reportedly owes the Internal Revenue Service $963,000 on his 2003 income. In addition, to round off the amount owed to a cool million, he also owes $45,350.11 on his 2006 income. Like his older brother, Aaron Carter had a successful recording career as a teenager. His current manager, Johnny Wright, told "Entertainment Tonight," "It is unfortunate that while Aaron was a minor, his finances were grossly mismanaged by his previous team which has led to the current situation of which he was unaware of until today."

The Tax Resolution Institute believes that with a history of criminal business management, Carter could benefit from the help of a respected tax professional like Peter Stephan. With Peter Stephan by his side, Carter possibly can negotiate an Offer in Compromise or an Installment Agreement that will allow him to reasonably pay off the tax debt. If Carter had been with Creative Arts Management, the business arm of TRI, his security would have been ensured through proper financial management.

Carter is waging a publicity campaign to explain how he is the victim of a criminal manager. Carter's parents filed a lawsuit against former manager Lou Pearlman alleging that he failed to pay hundreds of thousands of dollars in royalties on Carter's 1998 album. Pearlman, who discovered both the Backstreet Boys and *NSYNC, was declared in contempt of court in 2003. He is currently in federal prison serving a 25-year sentence related to a $300 million Ponzi scheme.

With Peter Stephan and Creative Arts Management in his corner, Aaron Carter could guarantee that such a tax crisis will never happen again. Beyond the treatment of tax resolution to deal with the current crisis, CAM offers the preventive measures of healthy and reliable business management for a bright-eyed entertainer like Aaron Carter.

Contact Information

  • Peter Stephan
    Tax Resolution Institute