Celebrity Tax Troubles

By Brent Murray - 2013-06-20T17:23:09Z

Photograph by Julia Wesely/Anzenberger/Redux

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Annie Leibovitz

The renowned photographer owed $2.1 million in federal taxes for 2004 to 2007, with additional New York State liens that totaled $383,895. In 2008, she borrowed $24 million from Art Capital Group (ACG) to address her "dire financial condition" including her tax liens, mortgage obligations and unpaid bills. For the loan, she put up as collateral her residences in Greenwich Village in New York City and in Rhinebeck, NY, as well as her negatives and the rights to her work. On July 29, 2009, she was sued in New York State Supreme Court by ACG for nonpayment, but later negotiated an extension on the loan from the company.