IRS places lien on Rudy Giuliani’s $4.5 million Palm Beach penthouse, saying he failed to pay more than half a million dollars in property taxes | spcilvly

  • Rudy Giuliani may have even more financial problems.

  • The former mayor of New York City had a lien on his penthouse by the IRS.

  • According to the lien, Giuliani owes more than $500,000 in taxes from 2021.

The IRS has placed a lien on Rudy Giuliani’s Palm Beach penthouse, claiming he owes them hundreds of thousands of dollars in unpaid taxes.

The lien, signed by a revenue official on Aug. 21, is for $549,435.26 in unpaid 2021 income taxes for the former New York City prosecutor and mayor, according to NBC and the Daily Mail.

Giuliani’s penthouse, which costs approximately $4.5 million, is now collateral and could be used to pay taxes if the property is sold, according to the Daily Mail.

In response to Insider’s request for comment, Giuliani political adviser Ted Goodman said “Mayor Giuliani, through his accountant, has a formal agreement with the IRS to settle the debt.”

The embargo is not the only financial problem Giuliani faces this year.

In September, the law firm Davidoff Hutcher & Citron filed a lawsuit against Giuliani, alleging that Giuliani owes nearly $1.4 million in legal representation bills.

Former President Donald Trump has held fundraisers for Giuliani to try to help pay his legal bills.

Insider reported in August that Giuliani also put his Manhattan apartment up for sale for $6.5 million. The apartment, which has not yet been sold, costs Giuliani more than $10,000 in living expenses a month, according to his listing.

Giuliani has failed to show real evidence of his financial desperation to judges, U.S. District Judge Beryl Howell wrote in an automatic loss ruling for a defamation lawsuit against Giuliani.

He is currently a defendant in multiple civil lawsuits, including one that accuses him of rape and abuse by a former employee of his. Giuliani has denied these allegations.

Another, filed by a grocery store employee, seeks $2 million in damages and alleges that Giuliani set him up to be arrested and imprisoned under false pretenses.

In addition to his many financial problems, a legal ethics panel said in July that Giuliani should be disbarred.

October 5, 2023: This story was updated to include a response from Giuliani’s political advisor.

Read the original article on Insider

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