Joe Francis Owes Quite A Few Million To The IRS
Looks like topless teens don't make as much money for Joe Francis as we thought! Girls may go wild for Joe's videos, but I doubt they'll go wild for his pockets---which will probably end up empty after owing $34 million to the IRS in back taxes!
Girls Gone Wild founder Joe Francis is still not free of his financial woes - tax officials are demanding part payment of a $34 million bill, just weeks after dropping the case, according to a U.S. report.
Bosses at the IRS filed a lien against Francis for the cash in November, after he allegedly fell behind with payments in 2001, 2002 and 2003. Francis insisted he was baffled by the IRS claim and was relieved when chiefs dropped the massive demand last month (February). But IRS bosses admit they made a mistake dropping the case - and are now demanding a part payment of $29.4 million from Francis.
Kids, let this be a lesson. Life may seem grand with thousands of boobs at your beck and call, but those skin filled pleasures won't always pay the bills!