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Accounting for Celebrities

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.

Vanessa Williams Faces IRS Tax Lien for $369,249

The Internal Revenue Service has reportedly filed a tax lien against actress, singer and model Vanessa Williams for $369,249 in unpaid taxes dating back to 2011. Read more »



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