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Accounting for the Stars

Hollywood accounting oftentimes means creative accounting, and movie studios are not infrequently on the receiving end of lawsuits over the meaning of terms like “gross participation.” Celebrities typically blame their accountants and money managers when their cash flow dries up.

IRS Auctions Darryl Strawberry’s Mets Money

IRS PALS (Property Appraisal and Liquidation Specialists) has auctioned off Darryl Strawberry’s contractual right to receive payments under his deferred compensation agreement with the New York Mets. Read more »

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