Robert Redford sues New York over $1.6 million tax bill

Jon Campbell

Legendary actor Robert Redford is suing the state of New York over a $1.6 million tax bill related to the 2005 sale of a television channel.

Redford, who starred in such films as “All the President’s Men” and “Butch Cassidy and the Sundance Kid,” sold a 20 percent stake in the Sundance Channel in 2005. Later, the state Department of Taxation and Finance audited the channel’s filings and claimed Redford owed $845,000 in state taxes and $723,404 in interest.

In the lawsuit filed last week, Redford’s attorney claims the actor paid the proper taxes in his home state of Utah. The Sundance Channel is a limited liability company registered in New York, but Redford’s stake in the company was through what is known as an “S corporation,” which requires shareholders to claim losses or gains on their income-tax returns.

http://polhudson.lohudblogs.com/2014/08/06/robert-redford-sues-new-york-over-1-6-million-tax-bill/