Last year Teresa and Joe were nailed with a $551,000 tax lien, and this year the State Of NJ is after them for owing another $250k in back taxes. People it is not that difficult. I mean: GET TURBOTAX! Or maybe the issue comes in the writing the checks portion of the exchange? Anyway… the Giudices are again in trouble for not paying the IRS.
It looks like Teresa will be spending her Real Housewives Of New Jersey paycheck before she’s even earned it. In October the IRS filed a lien against Teresa and Joe Giudice seeking recoupment for nine years of unpaid tax bills.
During their bankruptcy proceedings (which led to their federal indictment and imprisonment) Teresa and Joe were allowed to retain possession of the home because they owed more than it was worth. Unfortunately with all their other financial issues the couple couldn’t make the mortgage payments of $10,679 per month and as of December 2014, lapsed into foreclosure. Again.
With their house in foreclosure, Teresa and Joe have been trying to sell at $2.99 million with no takers. Apparently no one wants to live in the fraudulently gilded remains of failed delusions of grandeur. Last week the indebted Real Housewives Of New Jersey couple attempted to contest the bank’s foreclosure proceedings, but had their request denied.
Despite a court report stipulating that federal prosecutors were lawfully allowed to seize Teresa Giudice‘s assets to satisfy her restitution debts, Teresa’s out-spoken attorney James L. Leonard Jr. denies that’s that the case!
Teresa relinquished her 2005 Maserati (why she still had that when she was $13 million in debt is a complete mystery!) along with a portion of her RHONJ paychecks to satisfy her restitution debts to the feds.
On Friday, federal prosecutors obtained the rights to seize the Giudice’s property or cash in order to satisfy their outstanding restitution debts. Teresa owes the federal government $414,588 as part of her sentence for mortgage and bankruptcy fraud.