"An attorney for Justice and his wife, Cathy, entered into a joint motion for consent judgment with the federal government Monday, the same day that the government filed a lawsuit saying that the couple "have neglected or refused to make full payment" for the income taxes dating to 2009. An attorney for the U.S. Justice Department's tax division signed off on the agreement."
"Justice had a fortune estimated at $1.9 billion last decade by Forbes magazine, which stripped his billionaire title in 2021, when Justice's worth had dwindled to an estimated $513 million. Earlier this year, Forbes estimated that Justice's net worth had disintegrated to "less than zero" due to liabilities that far exceeded assets. A spokesperson for Justice's office didn't immediate respond to an email seeking comment Tuesday."
U.S. Sen. Jim Justice agreed to pay nearly $5.2 million in overdue personal income taxes through a joint motion for consent judgment with the federal government after a lawsuit charging the couple with neglecting payments dating to 2009. A Justice Department tax division attorney signed the agreement. Forbes estimates show Justice's net worth fell from an estimated $1.9 billion to $513 million and later to "less than zero" because liabilities exceeded assets. Justice said his companies are complex and called collection efforts politically motivated. The IRS filed liens last month totaling more than $8 million. Justice owns numerous businesses and was elected to the Senate last November.
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