Author Topic: Robert Redford Sues New York State Over $1.6 Million Tax Bill Related to Sundance Channel Sale  (Read 208 times)

0 Members and 1 Guest are viewing this topic.

Offline flowers

  • Hero Member
  • ****
  • Posts: 18,338

Robert Redford is suing New York state related to the sale of Sundance Channel.

The actor-director sued the New York State Department of Taxation and Finance in Albany County Supreme Court on July 30 claiming that he's being overtaxed on money his company made when it sold off a stake in the channel in 2005.

PHOTOS Robert Redford in New Mexico

According to Courthouse News Service, Redford is being taxed $1.6 million by New York ($845,066 in taxes plus $727,404 in interest owed) on the money he made. But Redford, a Utah resident, says he paid taxes on the revenue in Utah and therefore doesn't owe New York.

He is seeking "a declaratory ruling on a pure question of law concerning the constitutionality of imposing on plaintiff, a nonresident of the State of New York, a personal income tax on the gain derived from the sale of an ownership interest in a limited liability company," CNS reported.

STORY Robert Redford 'Not Upset' About Oscar Snub, Blames Roadside Attractions

Redford is asking for a judgment that he doesn't owe the money, plus attorneys' fees and costs.

In 2008, Redford and his Sundance Channel partners NBCUniversal and CBS Corp. sold Sundance Channel to Cablevision's Rainbow Media, which was later spun off and renamed AMC Networks, in a $496 million deal. The network was rebranded as SundanceTV earlier this year.

Offline Oceander

  • Technical
  • Hero Member
  • ****
  • Posts: 40,996
  • SMOD 2016
C'mon Redford, it's your patriotic duty to pay your fair share - go ask Mr. Obama - so stop snivelling and pony up.
I won't vote for Clinton, but I cannot vote for Trump.  How could I explain to my daughter why I supported a man who sees her as nothing more than a piece of meat, a piece of a$$ for him to grope for his own private pleasure.

"Trump supporter" - the very definition of an SFI

Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo