AP/ December 31, 2010, 4:03 PM

Val Kilmer Hit with IRS Lien for Back Taxes

SANTA FE, N.M. — Actor Val Kilmer owes the federal tax man nearly $500,000 and a lien has been placed on his 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 and his 5,300-acre Pecos River Ranch is listed for sale at $18.5 million, which is down from $23 million in October. The ranch went on the market for $33 million in 2009.

Kilmer and his agent did respond to telephone calls and e-mail on Thursday seeking comment.

Kilmer has starred in movies including "Top Gun" and "Batman Forever."
© 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.
2 Comments Add a Comment
linkicon reporticon emailicon
Rodeo_Joe says:
The Empire is running on empty. Val Kilmer will out live it.
reply
linkicon reporticon emailicon
j40405 says:
Old Val needs to lose some weight and pick up some better movies. I don't see how he could owe $500,000 in taxes when no one has seen him in a movie for years. Perhaps he put jelly on the money he did make and ate it all.
reply