More Financial Woes For Spears.

5 months ago 25th Apr 12:01

More Financial Woes For Spears....

Britney Spears has been dragged into yet another financial mess - one of her brand companies owes more than $23,000 (Gbp11,500) in taxes for earnings dating back four years.

A week after Spears learned she'd have to pay her various legal representatives $400,000 (Gbp200,000), the pop star has been hit with another high-cost headache.

A document obtained by U.S. cable network E! shows that Britney Online Inc., one of Britney Spears' numerous name-brand companies, owes $23,589.17 in California state taxes on the entity's 2004 earnings.

A warning from the Franchise Tax Board of the State of California states that "further interest and fees will accrue" if the sum is not paid.

Spears' father Jamie and a court-appointed lawyer took charge of the singer's financial affairs after fighting for conservatorship of the Toxic star's estate following her hospitalisation for mental illness issues in February (08).

It is not known if the singer's other brand-name companies face similar tax issues.