kilmer is being watched closely – IRS: Val Kilmer Owes $500K in Back Taxes

Val Kilmer owes nearly $500,000 in federal taxes, and a lien has been placed on the “Batman Forever” actor’s property, including a New Mexico ranch he’s trying to sell.

He put his 5,300-acre Pecos River Ranch on the market for $33 million in 2009. Six miles of popular trout-fishing river runs through the ranch. Mr. Kilmer currently operates the ranch as a bed and breakfast. Kilmer settled the debt earlier this year. Mr. Kilmer has starred in films including “The Doors” and “Batman Forever.” In 2009, the longtime New Mexico resident flirted with the idea of running for governor. Jonathan Adler-Simon Doonan Home on Shelter Island Reduced Designer Jonathan Adler and Simon Doonan, creative director of Barneys New York, reduced the price on their Shelter Island, N.Y., home to just under $1.2 million, about a third off its original listing price of $1.8 million earlier this year. The couple bought the three bedroom, two-bathroom mid-century modern house for $185,000 in 1998 and gut-renovated it.

California man perpetrates million dollar tax conspiracy An Orange County, California, resident has been charged with masterminding a conspiracy that allowed hundreds of people to claim more than $760 million in fraudulent income tax deductions. Located near a beach, the half-acre property includes a 1,300-square-foot house and a 75-foot-long heated swimming pool.

The ranch is now listed for sale at $18.5 million, down from $23 million in October.

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