Giuliani Owes $550K in Unpaid Taxes, Lien Placed on Apartment
- 7 months ago
Giuliani Owes $550K in Unpaid Taxes, Lien Placed on Apartment.
The IRS has placed a lien on Rudy Giuliani's $4.5 million penthouse after accusing the fallen attorney of owing more than half a million dollars in unpaid taxes, DailyMail.com can reveal.
The federal tax agency claims the 79-year-old former New York City mayor owes $549,435.26 in unpaid income taxes for 2021, according to a notice filed in court in Palm Beach County, Florida.
The IRS placed a lien on Giuliani's penthouse in Palm Beach, just three miles north of former President Trump's Mar-a-Lago residence.
If Giuliani doesn't pay up, the September 1 lien allows the IRS to seize some of the profits from Giuliani's condo if it were to be sold.
Located on the fifth floor of an aging post-modern complex built in 1969 on Palm Beach's west side, the apartment is estimated to be worth about $4.5 million.
Records show Giuliani bought the three-bedroom, 2,000sqft condo with then-wife Judith Nathan for $1.4million cash in February 2010.
Nathan signed the condo over to Rudy after their 2019 divorce, according to records.
Neither Giuliani nor his regular spokesman Ted Goodman immediately responded to a request for comment.
The news comes as the New York Times published an excoriating account of Giuliani's alleged heavy drinking.
'For more than a decade, friends conceded grimly, Mr. Giuliani's drinking had been a problem,' the paper wrote. 'And as he surged back to prominence during the presidency of Donald J. Trump, it was getting more difficult to hide it.'
It added that he was often drunk when he made one of his regular appearances on Fox News.
It's not the first time 'America's Mayor' has had trouble paying taxes.
In July 2019, he told the media he was reduced to borrow $100,000 from a former law partner to pay for his 2018 levy.
He justified the loan by accusing ex-wife Nathan of holding up his bank accounts during their divorce proceedings.
The new IRS claim, meanwhile, comes at a time when Giuliani is facing a financial wipeout.
Two weeks ago, Giuliani's biographer announced that one-time Mafia-busting prosecutor had been left 'penniless' after squandering a fortune estimated in the $100 million-range.
Andrew Kirtzman, who wrote the critically acclaimed biography Giuliani: The Rise and Tragic Fall of America's Mayor, said Giuliani lost most of his money after spending $250,000 a month 'on fun' in addition to seemingly endless legal bills and two divorces since 2002.
In July, according to real estate records, Giuliani put his prized Manhattan co-op up for sale for $6.5 million.
It's still on the market and listed with Sotheby's.
In early September, Donald Trump held a $100,000-a-plate fundraiser at his Bedminster Golf Club to help Giuliani pay for the legal bills that have stacked up because of his work to help Trump overturn the 2020 presidential election.
The bad news and potentially expensive problems, however, keep piling up for Giuliani.
He was among a group of
The IRS has placed a lien on Rudy Giuliani's $4.5 million penthouse after accusing the fallen attorney of owing more than half a million dollars in unpaid taxes, DailyMail.com can reveal.
The federal tax agency claims the 79-year-old former New York City mayor owes $549,435.26 in unpaid income taxes for 2021, according to a notice filed in court in Palm Beach County, Florida.
The IRS placed a lien on Giuliani's penthouse in Palm Beach, just three miles north of former President Trump's Mar-a-Lago residence.
If Giuliani doesn't pay up, the September 1 lien allows the IRS to seize some of the profits from Giuliani's condo if it were to be sold.
Located on the fifth floor of an aging post-modern complex built in 1969 on Palm Beach's west side, the apartment is estimated to be worth about $4.5 million.
Records show Giuliani bought the three-bedroom, 2,000sqft condo with then-wife Judith Nathan for $1.4million cash in February 2010.
Nathan signed the condo over to Rudy after their 2019 divorce, according to records.
Neither Giuliani nor his regular spokesman Ted Goodman immediately responded to a request for comment.
The news comes as the New York Times published an excoriating account of Giuliani's alleged heavy drinking.
'For more than a decade, friends conceded grimly, Mr. Giuliani's drinking had been a problem,' the paper wrote. 'And as he surged back to prominence during the presidency of Donald J. Trump, it was getting more difficult to hide it.'
It added that he was often drunk when he made one of his regular appearances on Fox News.
It's not the first time 'America's Mayor' has had trouble paying taxes.
In July 2019, he told the media he was reduced to borrow $100,000 from a former law partner to pay for his 2018 levy.
He justified the loan by accusing ex-wife Nathan of holding up his bank accounts during their divorce proceedings.
The new IRS claim, meanwhile, comes at a time when Giuliani is facing a financial wipeout.
Two weeks ago, Giuliani's biographer announced that one-time Mafia-busting prosecutor had been left 'penniless' after squandering a fortune estimated in the $100 million-range.
Andrew Kirtzman, who wrote the critically acclaimed biography Giuliani: The Rise and Tragic Fall of America's Mayor, said Giuliani lost most of his money after spending $250,000 a month 'on fun' in addition to seemingly endless legal bills and two divorces since 2002.
In July, according to real estate records, Giuliani put his prized Manhattan co-op up for sale for $6.5 million.
It's still on the market and listed with Sotheby's.
In early September, Donald Trump held a $100,000-a-plate fundraiser at his Bedminster Golf Club to help Giuliani pay for the legal bills that have stacked up because of his work to help Trump overturn the 2020 presidential election.
The bad news and potentially expensive problems, however, keep piling up for Giuliani.
He was among a group of