Britney Spears sparks alarming fears she has reportedly blown through her entire fortune

Britney Spears is sparking serious concern among those close to her, as some fear the pop star could be on the brink of financial disaster. The 44 year old singer, once worth hundreds of millions, is reportedly still spending like she’s at the height of her fame despite facing an IRS tax bill of $600,000 in back taxes and penalties.

“People around Britney are seriously alarmed because this isn’t just about one tax bill or a bad month,” one insider told Radar Online. “The money has been flying out the door for a long time and it’s finally catching up with her.”

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That same source says Britney refuses to acknowledge the severity of the situation. “But when anyone tries to talk sense to her about her spending, she brushes them off and acts like they’re crazy to worry that she’ll ever run out of cash.”

And the spending? It’s apparently next level. Britney continues to shell out for lavish five star vacations, flying her entire entourage on private jets. One recent trip to Mexico included a $50,000 private plane ride and a $20,000 a night villa.

“She insists on living like she’s still on top of the world, including footing the bill for all her so-called friends who never seem to leave,” the insider added.

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In what could be a desperate move to keep up that lifestyle, Britney has allegedly dipped into pension and savings accounts, borrowed against her home, and accumulated unpaid debts.

“She’s pulled millions from pension and savings accounts, borrowed against the house, and piled up debts that still haven’t been settled,” said the source.

The alarm bells are ringing loud now. According to the insider, “Unless something changes fast, she really could burn through everything she has left and lose her house.”