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IRS: Val Kilmer owes $500K in back taxes

The Associated Press

SANTA FE, N.M.—Val Kilmer owes nearly $500,000 in federal taxes, and a lien has been placed on the "Batman Forever" actor's property, including a New Mexico ranch he's trying to sell. The Internal Revenue Service filed the lien last month in Santa Fe for an assessment balance of $498,165 for 2008 income taxes. Kilmer has lived in New Mexico for two decades. He put his 5,300-acre Pecos River Ranch on the market for $33 million in 2009. The ranch is now listed for sale at $18.5 million, down from $23 million in October. Kilmer and his agent did not respond to telephone calls and e-mail on Thursday seeking comment. Kilmer also starred in movies including "Top Gun." Read more at www.ydr.com

 

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