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The Osbournes

Take $700,000 Bite

Out of Massive Tax Bill

6/3/2012 12:50 AM PDT BY TMZ STAFF
EXCLUSIVE

0601_ozzy_osbourne_sharon_getty
Ozzy
and Sharon Osbourne are one giant step closer to TAX FREEDOM -- because TMZ has learned, the couple just paid off nearly 3/4 of a million dollars of a massive tax bill.

According to government documents, obtained by TMZ, the Ozzies just forked over $718,948.25 to cover their unpaid taxes for 2008.

But it's just the tip of the IRS-berg -- as we reported, Ozzy and Sharon allegedly still owe $1,381,245.65 in unpaid taxes for 2007 and 2009.

"America's Got Talent" money hard at work.

33 COMMENTS

No Avatar
1.

Canadasux    

I'm getting sick of reading about celebrity after celebrity after celebrity being a tax dead-beat! These people are suppose to have people doing this work for them! But, why aren't they! Some of these people, whether it's the accountant, or the star, better get started on paying these debts. Or, I, for one, would gladly like to see some of their @$$e$ thrown in jail! It's about time!

850 days ago
2.

.    

They didn't pay their taxes for 2007, 2008 and 2009 ??

Seriously ??

850 days ago
3.

.    

What about 2010 & 2011 taxes ??
.
How do you make that amount of money & not pay your taxes ??

850 days ago
4.

.    

They need to either HIRE a Tax Accountant -or- FIRE the Tax Accountant they have now !!

850 days ago
5.

LRT    

GREED...they don't want to let go of it...so they keep it all and pay no taxes...Funny, Wesley Snipes went for 3 yrs and he paid before he went!

849 days ago
6.

Truth    

ARENT THEY SUPPOSEDLY WORTH $150 MIL? SO WHY NOT PAY THE WHOLE DAMN AMOUNT IN FULL?? GUESS THAT WAS A LIE... #TRUTH!!

849 days ago
7.

Lynn317    

One hopes that they had a good excuse for not paying their taxes. Taxes at their level can get very complicated, especially living in both England and the US - and it does appear that they need a far better tax accountant to prevent future mishaps.

If they had the money, it is foolish not to pay when the taxes are due because the additional penalties and interest - will make the original tax liability skyrocket, costing them an additional fortune.

849 days ago
8.

StarryStarryNight    

they're worth enough to just pay the damn bill in full.

tax evading *******s.

849 days ago
9.

South Beach    

I have to wonder if the interest earned on the outstanding balances exceed the penalties applied by the IRS. Or do these entertainers know they will get a "settlement" amount saving $$$, so put it off.

849 days ago
10.

static    

Ozzy you should be a judge on one of those talent shows, If Britney is wort 15 mil. you should be worth 30 mil. easily.

849 days ago
11.

victory    

Ozzy and Sharon just sold their custom built Malibu beach house, perhaps once the check has cleared, they can pay off the remaining tax bill. The IRS are such pest.

849 days ago
12.

Rocco    

Why do you think she's sending Ozzy back out on the road ? Sabbath is going to make a ton of money for her.

849 days ago
13.

D-INCARNATION    

Who does their taxes Ozzy , You'd think "Sharon Levy " would know where every penny goes.

849 days ago
14.

Carl    

They have the money. I'm sure that what Sharon makes on AGT is a drop in the bucket to everything Ozzy has made and continues to make.

849 days ago
15.

karen    

Tax cheats should be in jail.

849 days ago
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