Celebrities have very busy schedule as they always looking for more and more income. I know it sounds funny but sometimes they forget (may be..!) to pay their taxes.But the taxman didn't forget to take it from them.The famous celebs suddenly get an infamous deed being caught red handed and further dragged into news by media...!

...meet some infamous celebrities who dragged in news.

Actor Nicolas Cage may want to brush up on his accounting skills. The IRS is going after the 45 year old actor for $6.2 million, according to the Daily Mail. The problems stem from 2007, a year in which he made four films, including "National Treasure" and "Ghost Rider." Cage has a history of tax problems, reportedly settling more than $678,000 in back taxes last year.

Actor Burt Reynolds' name is listed in a new report, but it's probably not the kind the Hollywood star would like. Reynolds' name appears on a list of California taxpayers who have the largest delinquent income tax bills. This year's rankings include 250 names. Reynolds owes $225,000, dating to the 1990s, according to the Los Angeles Times.

Comedian Sinbad is yet another celebrity to appear on a list of California taxpayers with the
largest delinquent income tax bills. Sinbad, listed as Sinbad Adkins, of Oak Park, Ill., owes $2.5
million on a tax lien first filed in 2001. His publicist said he had no comment, according to the
Los Angeles Times.

Indianapolis 500 winner and "Dancing With Stars" champion Helio Castroneves pleaded not guilty Oct. 3, 2008, to charges that he used offshore accounts to evade U.S. taxes on more than $5 million in income. A grand jury indicted Castroneves on charges of conspiracy and six counts of tax evasion for allegedly failing to report to the IRS about $5.5 million in income between 1999 and 2004.

O.J. Simpson has had his fair share of run ins with the law and apparently you can add the taxman to that list. The ex-football star, who lives in Florida reportedly owes $1.5 million in California taxes.

Singer Dionne Warwick is another celebrity whose name appears on a 2009 list of California tax delinquents. Warwick owes the IRS $2.18 million, dating to 1990, according to the Los Angeles Times.

This lil' rapper is in big trouble with the IRS. Rapper and "Dancing With the Stars" contestant
Lil' Kim is $979,090 in debt because of unpaid state and federal taxes, according to The Detroit
News. The tax troubles date to 2004. On Feb. 19, 2004, a lien was filed against the rapper in New Jersey and by Dec. 9, a $77,939 lien was filed. "Lil' Kim is paying her tax debt and will continue to do so," her rep Lisa Perkins said.

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Interest rates have been cut to such an extent that you could be earning as little as 0.04 per cent after tax (0.05 per cent before tax) - or 40p interest a year on each £1,000.

But you can earn as much as 2 per cent (2.5 per cent) in some top-paying accounts used by banks to tempt in savers.

Now is the perfect time to switch, even if you are in an account that demands you give notice to get at your money. With interest rates this low, you will lose only a few pennies' interest if you move immediately without giving notice - and you can make that back in a couple of weeks.

David Black, from financial researcher Defaqto.com, says: 'If you have been in an easy access variablerate account for more than six months then check your rate. Best buy tables are full of newly launched accounts and those boosted by an introductory bonus.'

Nearly a quarter of the 460 easy access accounts on offer pay 0.08 per cent (0.1 per cent) or less on balances of £5,000, research from Defaqto shows.

But these figures only include accounts open to new savers. There are hundreds more among accounts closed to new savers where your money might have been languishing for years.

Switch and save: Banks are tempting customers to switch accounts

These appalling rates have come to light after banks and building societies adjusted the interest they pay to savers following the 0.5 percentage point cut in base rate to 0.5 per cent on March 5.

They tend to wait until the start of the following month after a base rate change to make adjustments to their savings rates.

Among larger providers, accounts where you earn a pitiful 0.04 per cent 0.05 per cent) are Barclays Savings Builder, six accounts from C& G - Cheltenham Gold, London, Direct Transfer, Instant Transfer, Young Saver and Cash Isa - First Direct Savings, HSBC Flexible Saver, Intelligent Finance Direct Access Savings and West Bromwich's Oak Account.

Branch-based accounts paying 0.08 per cent (0.1per cent) - or 80p a year on each £1,000 - include Abbey Flexible Saver, three accounts from Halifax (60 Day Gold, Instant Saver and Saver Reward) and three from Lloyds TSB (90 Day Notice, Flexible Saver and Instant Access Saver)

Notice accounts, such as Halifax 60 Day Gold, typically demand that you give 60 days' notice to take out money or pay a fine equivalent to 60 days' interest.

But with rates so low, the fine is tiny. The fine on £5,000 in a 60-day notice account earning 0.08 per cent (0.1per cent) works out at just 65p in lost interest. On a 90-day notice account it is £1.

You could also be earning appalling rates on tax-free cash Isas. Older versions of Alliance & Leicester Direct Isa pay just 0.1per cent, as does Abbey Postal Isa and Easy Isa to some savers and RBS Instant 60 Day Isa.

Both Halifax Isa Saver and Barclays Cash Isa pay 0.1per cent on balances up to £18,000.

A £10,000 sum earns you £10 interest a year against £300 in a top-paying account. And don't be fooled into thinking you earn a good rate on your internet account. Old Alliance Online Saver and Lloyds TSB Online Saver accounts, along with Abbey eSaver and Barclays e-savings, pay 0.08 per cent (0.1 per cent) once your introductory bonus has run out.

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