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THE IRS WILL BE KEEPING UP WITH THIS KARDASHIAN/JENNER... BEAUTY BILLIONAIRE CAUGHT LYING

Updated: Oct 29, 2023

Usually when people lie on their tax returns, they claim to have made less money than they actually did. In a surprising turn of events, this celebrity is accused of lying on her tax returns by claiming to have made more money than she actually did.


Kylie Jenner, part of the Kardashian clan and the celebrity in question, once again finds herself in the midst of a scandal. But her current situation is way more serious than her lip injections. The reality TV star and Instagram influencer could face up to five years in prison, as well as pay fines, after being accused of lying to the IRS about her earnings in order to gain billionaire status.


In 2019, Jenner provided tax documents to Forbes that promoted the featured cover of her as the youngest self-made billionaire at just 21 years old. Her wealth came largely from her makeup company, Kylie Cosmetics. However, the young "billionaire's" story started to fall apart after Jenner sold her company to beauty giant Coty. Reports from Coty released after the sale revealed that Kylie Cosmetics was much smaller and less profitable than Jenner had claimed. The scandal brought her billionaire status into question.


Forbes journalists compared documents provided by Jenner with the reports for Coty. After recalculating Jenner's net worth, Forbes determined that she is not in fact a billionaire -- merely a $900 millionaire. While Jenner is still more than well off financially, there is the question of whether or not Jenner filed fabricated documents with the IRS or merely faked the paperwork in order to gain the spotlight of the Forbes article. Even if her goal was to get a magazine cover and not to commit tax evasion, if Jenner is found to have falsified her income with the IRS, she could be looking at hefty fines and prison time.


While many celebrities might be able to get away with lying about lip injections, even influencers can't get away with lying to the IRS without paying a price.





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