(Bloomberg Business) From Willie Nelson to Wesley Snipes, celebrities have a long history of tax trouble. In just the last year, comedian Chris Tucker, supermodel Gisele Bundchen, the lead singer of Creed and at least one of the Real Housewives have had reported run-ins with the IRS. What’s going on?

Singers, actors, and professional athletes get ensnared in complicated money situations that confuse even advisers with CPAs and law degrees. Here’s why: the costs of doing show business.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access