#RHONJ Star Margaret Josephs Owes IRS $200K In Federal Taxes Amid Facing Foreclosure!
More financial woes for Margaret Josephs — this time, the tax man a cometh! The woman who claimed to be a successful business owner appears to be drowning in debt — she owes the IRS close to $200,000 big ones!
CLICK: Homeless Housewife? #RHONJ Star Margaret Josephs’ $1.4 Million New Jersey Mansion In Foreclosure!
In October, The Real Housewives of New Jersey rookie was hit with a federal tax lien for $197,066.98 — according to documents obtained by Radar.
“We are giving you notice the taxes (including interest and penalties) have been assessed against the following-named taxpayer,” the lien against Josephs stated.
According to Bergen County Clerk of Court, Josephs owed $189,342.89 for the tax period ending December 31, 2012, and $7,724.09 for the tax period ending December 31, 2014.
In addition to Margaret’s tax predicament, the 50 year-old’s New Jersey mansion is currently in foreclosure. She and her husband, Joseph Benigno, were sent a foreclosure notice from Unity Bank on Dec. 15, 2017.
Margaret and her husband bought the 7-bedroom 8-bathroom home in 2016, taking out two mortgages to finance the luxury abode.
As reported, the Powerhouse in Pigtails is in financial ruins after Margaret’s Macbeth Collection business was legally nailed as a designer fraud. The reality star’s online boutique has been recently revamped and all clothing erased, in light of clothing company, Vineyard Vines, tightening their legal noose.
EXCLUSIVE: #RHONJ Margaret Josephs Files Bankruptcy Amid Renewed $9 Million Lawsuit — Unpaid Judgement Sparks New Legal Battle!
Macbeth Design LLC was ordered to pay $300,000 to Vineyard Vines for stealing their logo and using it on Macbeth products. Margaret never paid Vineyard Vines the total $300k judgement — and the company is now seeking $9.4 million in statutory and liquidated damages.
Can The Real Housewives of New Jersey save Margaret Josephs from her financial bloodbath? Share your thoughts in the comment section below!
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Nancy Zhāng is an Entertainment Blogger for All About The Tea. Nancy covers hot topics, recaps and celeb news. She loves to multi-task as a writer and a private chef. She received a B.S. in Mass Communications from LSU. Nancy’s married and the proud mom of 2 German Shepherds.