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Financial Literacy - Taxes
SPOTLIGHT
Celebrities talk taxes
From actress Lorraine Bracco to actor Steve Schirripa, celebrities have something to say about taxes.
Taxes made easy
 
 Celebrities:
Lorraine Bracco
George Carlin
David Crosby
Eddie Money
Jodi Picoult
John Saul
Steve Schirripa
Celebrity Q&A
Who: David Crosby
Notable:
Musician (Crosby, Stills, Nash & Young)
Fame & Fortune Q&A:
Bankrate: You had some disasters with your business affairs -- what happened?
David Crosby: I had an accountant -- half of the worst stories in Hollywood start with "I had an accountant." I had an accountant who said he paid my taxes and didn't. And the IRS came after me. That accountant wound up in jail, and I wound up down $1.2 million to the government. They wanted to take my house and stuff. It was very hard -- it was a long, tough fight, climbing my way up. But I did it. It took a lot of work to pay it back.
Bankrate: So the government doesn't account for a crooked accountant?
David Crosby: Absolutely not. Their take is, you hired him, it's your fault. That's how they treat it.
Lesson learned: 
Be sure to hire a reputable accountant.
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-- Posted: Dec. 17, 2007
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