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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.

Comedian Chris Tucker Settles IRS Tax Lien

Comedian and actor Chris Tucker has reportedly settled a tax lien with the Internal Revenue Service, with his representative blaming “poor accounting and business management.” Read more »



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