The action film star has been hit with a tax lien by the Los Angeles County Recorder`s Office for $335,606, which he owes for the year 2010, according to website TMZ.
The star has been appearing in lower budget films in recent years, including `Machete` and `Born to Raise Hell` as well as the TV series `StevenSeagal: Lawman` and `True Justice`.
Although he has a lower profile than his 80s and 90s action star heyday - when he appeared in the hugely popular `Under Siege` and `Hard to Kill` - Steven has been named as a possible addition to a third film in Sylvester Stallone`s successful `The Expendables` series.
However, one of the stars of the second film, Jean Claude Van Damme thinks he needs to get in shape.
He said: "I would love to see StevenSeagal in part three, but he should lose some weight, joking aside, so he could be a little more fast.
"I`ve met the guy a few times, he`s a nice guy. He doesn`t like me much, I like him a lot. He`s got good charisma, something special on the screen. I would love to see him there."
When asked why Steven doesn`t like him, Jean Claude replied: "Because I`m good."