Machete And Spy Kids Star Danny Trejo Files For Bankruptcy To Tackle US$2 Million Tax Bill Over Mistaken Filings

Danny Trejo has reportedly filed for bankruptcy to help deal with a US$2 million (S$2.66 mil) tax bill.

The Desperado actor, 78, is said to be worth US$16 million thanks to his appearances in at least 145 films, but is now said to be in the midst of re-organising his assets after he “mistakenly claimed deductions for years”.

TMZ reports that Trejo, who's best known for his roles in Spy Kids and Breaking Bad and his F&B ventures (Trejo Tacos and Trejo’s Coffee and Donuts in Las Vegas), has filed for Chapter 11 bankruptcy, which is referred to as the 'reorganisation bankruptcy' which lets a company stay active while it restructres itself.

The publication added the decision had been taken to deal with a huge tax bill, which has been estimated at around US$2 million.

Trejo is said to have told TMZ he had been “mistakenly” claiming deductions “over the years” that “caught up with him".

The outlet added he joked he is now aware dog grooming is not a “legit expense” that can be written off in tax filings.

His enterprises are said to be owned by corporations he created to run them, and Trejo is said to be hoping to be free of debt in 2024.

The four-times divorced dad-of-three recently had a wax figure of himself unveiled at Madame Tussauds, in November 2021, and said at the time: “It was so humbling, and I’m usually pretty good at just winging a speech, but when I saw that I was just, like, tongue-tied.”— BANG SHOWBIZ

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Photo: TPG News/Click Photos