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Financial Literacy - Taxes
Celebrities talk taxes
From actress Lorraine Bracco to actor Steve Schirripa, celebrities have something to say about taxes.
Taxes made easy
Lorraine Bracco
George Carlin
David Crosby
Eddie Money
Jodi Picoult
John Saul
Steve Schirripa
Celebrity Q&A
Who: David Crosby
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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