According to the Houston Chronicle, gospel great Yolanda Adams is being investigated by the IRS, and is being forced to turn over all records for 2000, 2001, 2003, and 2004.
The word is that Yolanda filed not one but two, million-dollar mortgage loan applications. A 2005 application shows Yolanda earned a reported $40,000 a month, lists $8 million in assets, including an $800,000 trust account. A second application shows that Yolanda has another $3 million in assets, including a business worth $1.5 million, a Mercedes-Benz and a Range Rover. The singer also reportedly owns a home worth more than $2 million in Houston's Royal Oaks Country Club subdivision. The agency currently heading the investigation also wants details about endorsements and royalties, as well as music companies and foundations that she is affiliated with.... Man, man Even the Holy fall through sometimes....
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