Splash NewsIt costs a lot to be Dionne Warwick. The “Do You Know the Way to San Jose” songstress filed for bankruptcy through a federal court in her home state of New Jersey last week, claiming that while she brings in nearly $21,000 in monthly income, she spends all but $10 of it on expenses.
The documents also state that she only has $25,500 in assets and owes more than $10 million to the IRS. The need to file for bankruptcy, Warwick’s publicist Kevin Sasaki said in a statement sent to omg!, was thanks to “negligent and gross financial mismanagement” during several consecutive years in the 1980s and 1990s.
Though the actual overdue back taxes have been paid, according to Sasaki, Warwick owes the mind-blowing amount in accrued penalties and interest.Read More »from Why Dionne Warwick Might Get Out of Paying $10M to the IRS