Why Steve Harvey Owes $22 MILLION to the IRS
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- čas přidán 24. 03. 2024
- How To Pay LESS In Taxes In 2024 / Why Steve Harvey Owes The IRS Millions Of Dollars
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"Always hire a rich lawyer, never hire a rich accountant"
Bro knows wazzap
Wouldn't a rich accountant be less likely to steal your money??
@Ash-cg9bi I think his point is: "if he's an accountant, how did he get rich? And if he's rich, why is he still an accountant?"
Edit: I thought that was clear from my message, but that's not my opinion, I was just explaining the commenter's POV
And to add to that if your a rich lawyer that means your doing something right
@@Ash-cg9bihow would you actually think that being rich would also mean being honest? It's like voting for a rich person "he's already rich, he wouldn't steal or be corrupt"
Accountant is somewhere looking up at us.
💀💀💀 bro is down there rather than up there 💀💀💀
@@bottlegod4995
thats why hes looking up at us not down
that's why it's up not down
@jingrentan618 Clearly this joke went right over @bottlegod4995 ‘s head
@@jameskim3116Obviously not considering he just explained the joke in its entirety
As my grandma always said “trust, but always verify!”
Verification is literally what is done when you don't trust something.
Nah, thats Lenin
ur grandma was reagab
Ditto !
Absolutely!
I don’t understand how the IRS didn’t pick up on this. When I owed the IRS $1000, they made sure it was all I thought about.
The IRS goes after the poor not the rich, on purpose, bc the poor don't have legal help.
Yeah, Delaware did the same to me for $28.
@@ProctorSilexahh yes, a state who’s economy is focused around, ensuring the wealthiest businesses and people pay the least taxes. Normal folks though, pay up.
Come to Australia or move to middle East or Europe lol
I remember my accounting professor saying if you're rich, then make sure you hire two accountants that don't know each other. Have the second accountant double check the work of the first accountant. 😂
I was told this to
Exactly. Then you follow up and check both of their work.
That's brilliant!
How about they both are stealing from you?
@@rosepainting8775they be having midnight rendezvous taking you to the bank 😂
Imagine being so sad that someone you worked with for years has died. And when you’re grieving them you find out they were stealing from the whole time
unfortunately it happens way too frequently. When my dad passed we learned that he had been getting totally boned by one of his good friends who took advantage of him when he fell ill. Years of litigation it took to fix.
The tears would flow in reverse...
@@DxBlack not tracking..
Sucks cause you can’t seek justice
It happens often in show biz
Moral of the story is read your own mail, and review your own finances.
Happened this to my uncle. He was once one of the weathiest in WI. He was a neurosurgeon and owned a hospital. His accountant stole most of his money and IRS chased him. Lost his license, wife, family and home. He died working as a carpenter. When it comes to money trust nobody without understanding or checking where it went to. RIP Tito. I wished i had met you.
EDIT: Apologies, my grammar is not perfect. English is not my first language.
Didn't ask
@@MGrey-qb5xz Didn't ask you either. This was some "cool" info, sad, though. I also live in Wi so it literally hits close to me.
@@PartyhatRS L
@@MGrey-qb5xz L bozo
@@PartyhatRS no u
When millions of dollars are involved. Tax attorneys should be hired.
did you not hear the part where he died
They all rob folk...
@@user-cp3db5ud7g Go after the family or something. Surely all that money doesn't just disappear
@@user-cp3db5ud7g I think a tax attorney and a tax account are two different things
@user-cp3db5ud7g blud was rich and living it up, so bro probably had a wife or something and put the debt on that account that they owned so that's the petty and smart thing to do so the family gets the bill and file bankruptcy for him and tax is involved and you can't mess with the irs
IRS: dam that’s crazy where’s my money
😂😂
😂
😂
Right that is all they care about
IRS: "Sucks bruh I feel ya, so when you gonna have that"?
Couple Rules of Thumb with accountants -
- never give access to the money or account numbers/passwords etc
- always change accountants every two years
- and always make sure to have a second accountant double check the books to ensure everything is kosher
I have a feeling the accountant is “kosher”….
Yeah….I’m sure you do this and not just making up a story just for a CZcams short comment 🥴
Rule number one: be wealthy enough to afford an accountant.
@@ProctorSilex Rule number one: Make sure to pull your pants and underwear down before sitting on a toilet or you will be cleaning more than your backside
Duh.....who goes out and hires a lawyer unless they can afford one?
thanks for saving me from reading the comments
Yup this happened to my cousin and a bunch of other businesses in his community. Although this accountant took all the money and went to South America. Then when the guy came back 10 years later, he wasn't even arrested. Of course these poor businesses had to pay the IRS plus their ridiculous charges. So unfair. SMH
Trust me, that accountant either has already paid for it or will pay for it for his misdeeds in some way. For every action, there is an equal reaction in the opposite direction.
The IRS is for oppression not fairness.
My father was a CPA, he taught me that you never gave an accountant access to your money or accounts. They can do their job from statements. If they can spend it and pay bills for you, then they have all that they need to steal from you.
Thank you for sharing this. God bless your dad.
@@natashadickson4819 thank you for your kind words.
I am a CPA, and your dad is right. One of the basics of the profession is you separate record keeping, custody and authorization.
@@knottheory79220 Good to know. Thanks.
A friend of mine had the same thing happen to him that happened to Steve Harvey, but with smaller numbers. Still, suddenly finding out that you owe the IRS $50K ruins your day bigtime. His accountant did the same thing to all his clients for a year and then fled the country.
"If the accountant can count, and you can't, you're going to be broke." - Dr Huxtable
The same guy said, "Never let anyone but you have direct access to your bank account."
@@rdkirk3834 Also: "Drink this."
@@mjverostek1278😂
Jello Puddin Pops!!!
And that clown is in prison…
You should duet this with that video of Steve Harvey telling everybody not to sleep on their finances.
when you get caught, blame an accountant
IRS doesn't care and there's no one to sue for that money so why would this be a lie?
@@Sunny-gq8wzthat’s literally why. The dead guy is the perfect person to blame it on because he can’t be charged. It makes Steve look like a victim when he just conned the IRS.
Why would the IRS wait until the debt got that high before personally letting Steve Harvey Know.
Because that way the debt accrues interest and they can get more money from. The IRS knows when you owe them money, but they won’t tell you. They wait in silence and then they they get you a few years later
Maybe they were sending letters, maybe the accountant was throwing them away..Idk if Steve personally gets his mail everyday, someone prob does it for him, and maybe all the irs stuff gets handed to the accountant, before Steve even knws about it...Who knws what happened, but I'd be very surprised if the irs didn't send anything till the debt was that high..I'd think by the time he hit 10 or 20 million, they would of said or sent something..
Interest!!!
Because TAXATION is theft and they were busy stealing and racketeering and extorting other people's efforts. They just can't get enough
Because it’s the Government…
Hi! I’m in accounting. Something we learn literally in the first accounting class is to not create the opportunity for fraud. Accountants should never have access to the money, they should ASSIST you paying your taxes you should receive proof the taxes were paid.
Breaking this law for accountants would be like a doctor intentionally killing someone.
So how do you find a good accountant that's competent and ethical?
Where do you search and what do you look for?
@@DarkGhostHacker we absolutely cannot guarantee that there will be no frauds happening, that's why modern accounting is called risk based accounting where we analyzed these risks and lower it as much as we can.
for example, regarding these context the simplest and most basic thing that Steve should've done is called segregation of duties where no one person holds too much authority, recording the tax and paying it is too much authority for one person to hold
@ABIADAB or at the very least require the recipt from the irs confirming his met obligations
@@ABIADAB Auditing is the same way too, they have to get reasonable assurance that financial statements arent materially misstated, since it wouldnt be practical to test every single transaction
@@DarkGhostHacker word of mouth honestly I think is the best way
Blame game only works for famous people, never works for the working man.
“What if my accountant ain’t paying my taxes, filling his pockets and the IRS show up asking me questions, I couldn’t answer” Tyler the creator
You gotta hire accountants and attorneys to watch accountants and attorneys. Smh.
"Too much money to count, what's the amount?
Check never bounce
I gotta pay a n- to add it up
Then pay somebody to make sure whatever amount he say, he can back it up
Got racks on racks, I'm rackin' up, stackin' up" - J Cole
That's what auditors are for
Maybe people shouldn't be able to accumulate that much money to begin with. I mean... it's getting harder and harder to look around and think we are doing it right.
@@Noadvantage246 Nothing's audit proof, only financial controller slip.
If I had that kind of networth I'd 100% be checking in with the IRS myself from time to time to make sure everything is in order.
This has happened to too many high profile people to not learn from it.
When my Uncle was a software engineering contractor he had an accountant who did exactly the same thing and he wound up in a lot of hot water over it. My Aunt(his sister), who became a forensic accountant gave some sage advice. If you trust your accountant enough to not check out what they are doing, fire them
Makes alot of sense. You getting too comfortable. If they make you comfortable...start worrying.
Another thing... if you're not getting jolted out of your sleep at night wondering if your business is going smooth.... you better go sitdown and look over all your business affairs.
That statement doesn't make sense- why fire an honest accountant? It's up to the client to ensure regular auditing by an outside source
@@kimberlymartin459it makes no sense if the client is the problem
@@David-tt1rb tell that to Steve Harvey
@katielb647 That's because my aunt has seen accounts do exactly that, if they didn't do so with regularity she wouldn't have a business. She's told me stories of accountants that did a good job for 20 years and then decided to run off with large sums of money. I'm sure they had their reasons, but if you trust them to the point you aren't at least reading it over and asking a question every now and again, you put them in a place that they can take advantage of you. Even if they don't do it now, something can change, and they might do it later. It's harsh but I feel it's probably prudent. The fix is to just check a few things over and make sure they are doing what they say they are and you don't have to fire anyone
Dont IRS offer receipts when taxes are paid ?
Yes, he probably didn’t ask for any
trust and embrace the bulk my friend
If you relying on someone else paying bills for you - always make sure you see the receipts.
Hindsight is 20/20
This story doesn’t add up…..
what if they give you a fake receipt. Photoshop receipt
Same goes for wives too.
@choua01 if you can't tell the difference between a faked receipt and a real one, and don't know how to confirm it's veracity by contacting the purported issuer, then you need someone to take care of every aspect of your life for you, not just paying your bills.
Never, EVER.... have just one accountant when you are rich.
cmon man everyone knows you stay rich by skimping out on your taxes
@@TintOfficial I’m referring to auditing. But… sure.
No, you should hire two accountants so they can both defraud you
@@kolibad that would be extremely unlucky and unlikely.
@kolibad you don't hire another accountant. You hire an auditor that does yearly audits.
Always periodically check behind "trusted" entities when your finances are involved. Period.
its always important to mind your own business yourself!
What's worse is knowing that, during those years, the IRS was probably shaking down middle income families, while not paying attention to his unpaid taxes.
Specifically, Blacks in rural areas.
Al Sharpton hasn’t paid his taxes in over 26 years they ain’t even looked at him for prosecution
@@smithbry2000 YEA THOSE DARN BLACKS!!!!!
IRS contacted his CPA and if he got notified he just handed to CPA - he should have hired a Tax Lawyer and put lien on Dead CPA property!
The irs needs to get those middle income family's who were off by a few dollars instead of rich millionaires, clearly
(This is satire)
A phrase that has stuck with me since I was young...
"You trust your friends with your car and with your life. NEVER trust them with your money or your wife."
That's a very perfect analogy
No, no...that's not correct. You let 'em borrow your wife because you already know what his intentions are...but c'mon bro, your car?!? You have no idea. Fuk dat.
@@DesertDweller1 never give anyone advice again
@DesertDweller1 don't give advice to anyone. Sarcastic or not, it's not funny.
@@DesertDweller1as a woman I have to admit that was 😂😂😂
It's still Steve Harvey responsivity all it took was a phone call to the IRS. To find out if they receive their money.
No matter how big your brand or company gets, always monitor where the outgoing money goes.
You’d be surprised how common this is, especially for start up companies. They get slammed with huge bills with no means to pay.
only because they didn't pay or set aside tax money.
I used to have my own company. I had no clue how to do my taxes, but whenever I recieved payments from customers I would set aside 20% of the money on a savings account.
After two years I closed down the company and my taxes had to be done by an accountant.
When I had payed all my taxes there wer still 10.000$ left on the savings account for me to take home! So I can honestly say I never went bancrupt. I closed down with a profit. Most millionaires have failed to do that several times. LOL
-Anyways, back to the point: Being slammed with a tax bill ain't unfair. The only reason you don't have the money is if you spent all your profits. And everyone knows there is something called taxes, so it ain't like the bill is a surprize!
Taxes really ain't that hard especially with the internet these days. Why trust someone else?
@@CricketmaneIn Canada taxes aren't that hard if all you have are a T4 and maybe some charitable donations. However IF you have a business or side hustle things can get out of hand rather quickly in terms of the complexity of filing; especially if you do business in multiple provinces. Total pages of tax law in Canada 3302.
Still all of this pales in comparison to US tax law. The US has 74608 page-long federal tax code. If somebody says they understand what all says; they are lying.
I think he was talking about steve Harvey's case... even if you keep 20%, if your accountant does the same move or forgets to pay and tells you he did, your 20% really doesnt cover that all due to penalties. Trust me, ive seen many businesses having this problem due to trusting their accountants too much and the penalty is really high @@JokerInk-CustomBuilds
@@MrDestroyerPrime...Dear USA,
ever tried erasing something that *isn't* a geographic feature?
Cause I think there are tax regulations so out-dated in your tax code that they are older than your COUNTRY
This is why you always double-check things yourself. Always be involved in your finances.
amazing name
@@iqtidarrahman2148 haha thanks!
Igornut is no excuse 🙈🙈🤷🏿♂️🤮
He did. The accountant was saving the checks but pulling the money out of his account.
@@skincareceo He could have called The irs himself to make sure. I would never trust an accountant without double-checking them.
This is on Steve. No matter how busy you are, the IRS sends you emails and mail directly when you owe them…. They also, have a website that when you type in your social security number, it shows you how much you owe currently, how much is due in payments left and a payment plan option.
Always check in to avoid a bigger issue 💯
He did an interview with "earn your leisure" and told the whole story. Including how he was told he'd face jail time if he missed even one of those 650k/ month payments. Definitely worth a watch. *If you're going to the video, the story starts at about an hour and two minutes in.*
That simply can't be true. He's claiming that he would serve jail time if 'one' of those payments were missed but apparently ALL the payments were missed and he never went to jail?
@DaleDenton-ov5pg I believe he was referencing the repayment plan ($650k).
@@DaleDenton-ov5pg What Steve was referencing was the payment plan when he said he'd go to jail if he missed a payment.
As for the original problem, that was a case of embezzlement, and even the IRS will be lenient when it can be proven that a good faith effort was made to make the payments originally.
Mad respect for taking the extra time to include the timestamp for the story within the interview. Appreciate it
@@tmac2744 ask yourself this real quick. The deal was apparently for $650,000 a month or he would go to jail for lack of payment. According to the story he went multiple months because his accountant stole it yet somehow he didn't end up in jail for missing multiple payments? That doesn't make any sense.
This is why you have to be on top of your money no matter how rich you are knowing how much is coming in and going out will keep this from happening
This is basically the truth.
Not only that, check with the IRS or demand receipts. For everything
He technically knew what was going out he just didn’t know where it went once it went out. I definitely would be watching my receipts aka proof. Even if I hit the lottery my trust issues are here to stay. I could never be so rich that I trust just anyone blindly with my money. I been homeless I know how fast you can fall by making one mistake. It’s hard to get back up too.
Tough if you are on the road traveling
@@barfy4751 Thats a long time to be traveling and not checking on your finances
Always check behind those you hire periodically to make sure they have done what they needed especially when you could be in penalty or go to jail behind their actions
This happens over and over again and the accountant should be the person that is responsible for the money that is owed
Why? The IRS has no contract with the accountant in respect of a 3rd parties' taxes.
It's YOUR responsibility to ensure your taxes are paid. Even if you hire someone to pay them for you.
Never hire anyone to pay the IRS
I messed up the first few years I was in business by hiring someone that didn’t know what they were doing. It ended up costing me about $60,000 and unpaid taxes. I finally have everything figured out and dialed in and will never make that mistake again, but you have to take your finances into your own hands and be aware of how the game works
@BarretPlumbing, hey I have a few questions for you if you don’t mind me asking about your experience starting a business.
Same thing happened to my parents when they started their own business
The problem is that it's a game to begin with.
Unbelievable!! One must always have oversight of their finances on an ongoing basis.
Steve Harvey: you’ll get your taxes when you fix this damn accountant.
Same thing happened to my dad, but not with the irs, thank god. My dad and uncle and one of my uncle’s buddies bought about 89 acres of land that they were going to divide three-ways but my uncle put himself in charge of the payment. My dad and the third guy would give my uncle the money to pay it off. Only it was a couple of years later that my uncle shows up to talk to my dad that the money he was giving him, most wasn’t going to the payment of the lands but to his house. Boy was my mom mad when he told what he was doing with the money. Long story short my mom told him to give up his share of the land to my dad or they were going to settle this in court where he was going to lose more. The third guy couldn’t afford to make payments to his share that he sold back what ever money he paid to my dad. That later became its own can of worms to deal with. So always ask to see the receipt or for confirmation number.
CPA here. There are times I’ve mailed client payments but you write out the check to “United States Treasury” and I’ll envelope and stamp it right in front of you. This is a “custody of assets” issue - something I don’t want. As for evasion, I always say if you sat down with Willie Nelson or Wesley Snipes and bought them a beer, they would tell you they wished they’d just paid the tax man when they had the money and made due with what was left. Then again, it’s not like they were using Turbo Tax. They listened to the wrong people.
Hey bro i need a cpa actually
Yet the government can't keep track of trillions.
@@jameslaurensvnCZcams comments ain’t the place to be lookin
@@jameslaurensvnI am a CPA. You came to the right CZcams comment section 😼
How did he avoid irs for that long ? And isnt it illegal for them to go back that many years? I have no idea but i am asking an expert. Forgive my ignorance.
Still falls back on him. "MY DOG ATE MY HOMEWORK!"
Smart accountant. Bravo 👏
I had a property management for a short time. I remember when going over our agreement the lady said they can pay my monthly mortgage, insurance, property taxes. I politely declined her offer. Just mail me my rent checks and i will pay my own bills. For me if i would have agreed, I will be calling the lender, insurance company and going to city hall to make sure they were paid. So, I can do it myself and make sure all bills were paid. I don't take nobody's word!!
Property manager doing that has to have a brokers license and is a trustee of a trust account. They are audited by the department of real estate and licensed through your state. You also receive statements monthly. It’s no different than having a bank account.
This is how brokers work for real estate - funds are held in trust.
@@markblaze4909like he/she said trust no one
I believe he knew... What he found once the guy was dead without being able to defend himself... I smell something fishy.
@@markblaze4909 you are absolutely right. And I have a fiduciary duty to myself too...
Like I said.... every single time, I will be checking mortgage, property tax, insurance or any other thing that my money supposed to go to.
They're not going to pay those things until my tenants pay the rent. I don't sit around for my tenants to pay... I pay it regardless and use the rental income for the following month.
Steve Harvey told this story a while ago and he isn’t in debt anymore. There was a period of time where Steve Harvey was everywhere. I like him so I didn’t care but he was doing talk shows, game shows, talent shows, comedy shows. The guy was the hardest working person in show business. He was popular so I figured he liked doing different things. After hearing this story as he told it, I then understood it was to stay out of jail. He pulled it iff to. Amazing talent and work ethic.
I have no idea who this fool is.
@@ejkalegal3145 no one cares, leave
@@ejkalegal3145no one knows you kid
@@_devil__0nline67 Which is exactly how I like it. Kid.
At one point he had seven shows at the same time.
The lesson is to never let anyone, other than possibly a parent you are close to, to have unwatched access to your money.
*steals money from Steve Harvey and the IRS*
*dies*
Iconic honestly.
It’s about time the IRS stopped playing this game with people where you can go 10 years without paying taxes.. literally every year it’s a game to see how much we owe/get back
Mf did you watch the video, he was paying , it just didn't go to the right person
@@gladylagy3565bruh read the comment again. Don't comment if you can't properly understand what's been written
in most countries in Europe the companies have to deduct and pay your taxes before paying out your wages.
So we don't do our taxes ourselves. On my payslip I can see exactly how much the IRS recieved, how much is set aside for my pension and how much is set aside for my vacation and how much is payed out.
Companies and employees can't cheat with taxes. and we only get minor corrections on a yearly basis. I usually get around 100$ paid back... In fact I often get alot more back because I deliberately tell the system to set my tax percent a bit too high compared to my earnings. lol
I might pay 36% tax. But I never have to do taxes, have free helthcare and social security and loads of other benefits like cheap medication, paternal leave, paid sickdays etc.
Taxes are a lovely thing if you feel like you get your moneys worth.
@@gladylagy3565 please don't comment if you don't have the bare minimum number of brain cells required.
@@gladylagy3565op didn't pay attention just like smooth brains who like his comment
That's why you should always be on top of everything and dont trust just anyone 💯!
Trust but verify trust has to be verified and backed by facts
I Don't Trust Anyone These Days..If Something Happens. No One Is Around To Help.
As an accountant, I've heard stories of other accountants (private ones) who take part of their clients' refunds in addition to their prep fees. These are in thousands, not millions. Imagine what they would do if they had access to millions and could actually write checks on the client's behalf!
He should have hired an accountant to check his accountant. 😂😂😂
"Trust is earned, not given!"
Applies to love, friends, and especially in business.
Yuuuup. If you are ever close enough to someone that you feel like you can't question every single move they make, you are too close to them to work with them.
Earned trust can still be abused
Man that is absolutely wild, this happened to Steve Harvey, I could only imagine the amount of damage this can cause at a Smaller scale..
You mean to people that pay around 5k? Typically they could sue the business if they did that. Good luck to Steve on suing 25m to one guy, even if he was alive
I don’t know anyone making as much as Steve Harvey
What his wife did cost him many times more.
Can’t he sue the estate? Should have had something left….
It’s gonna cause a lot less damage on a smaller scale, try to use that smooth brain of yours
Account: heh, watch me snatch this clueless dudes hard earned cash and do what i want with it....
IRS: wait....only I can do that
The IRS doesn't care about anyone's situation, the only thing that matters to them is the money you owe.
Happens all the time. He is not alone. This happened to my uncle. You owe the IRS the money regardless if the money was stolen from you.
Steve didn't get the chance to fire him but I'm sure he's on fire now!
Brilliant comment 😮🤣🤣
@@wido7309 Thank you sir
Idk, skimping the IRS doesn't sound like something a reasonable God would send you to hell for.
But stealing someone's money, making him 22M in debt, and destroying trust among people? Sounds more reasonable now?
@@panzerlite8108yes but stealing from harvy and making him millions of dollars in debt possibly ruining his life for your own pleasure and vanity is definitely not something that gets you into heaven
Stealing material comes full circle doesn't it?😂Best Steve Harvey joke ever!
Steve Harvey has a new game show coming out it's called the family screwed😅
Even Joker fears IRS 😂
He's crazy enough to take on batman but the IRS no thank you lol. Had to look it back up to paraphrase it.
Couldn't have happened to a nicer person.
Pls tell me this is sarcasm
@@dillondargie66whys harvey not nice?
He cheated on his wife. And he’s so fucking rich anyway that none of this matters.
💯
Maybe it's the (false) rumor that he's a huge Trump supporter? If that's the case, maybe original commenter needs to do a Google search. I'm sure there could be any number of reasons to not like someone, though, so who knows.
Steve thought he could dodge the IRS, then he got caught, so he blamed it on his accountant then (allegedly) killed him.
Ross peer pressuring main man is funny as hell lol @13:18
wait, the IRS is not even sending a reminder / warning letter or something like this, if you not pay?
The accountant probably hides them
When you sign a power of attorney with an accountant, they usually receive the letters as well. Steve probably was under the assumption everything was well.
Steve Harvey should have got mail for years. Then again, many of my clients are unable to read and understand any IRS correspondence.
@stevend8785 Mail would have been going to the accountant. Celebs and rich people don't get mail directly, their mail is handled by people they hire to deal with their mail.
Michael Avanti (claim to fame was being Stormy Daniel lawyer) just didn't file taxes for years on millions of dollars worth of annual income. It was only found out when he got "famous" and people started looking into him. It's hard to believe someone can make seven figures a year for years and the IRS is clueless.
Accountants/Bookkeepers can break a company if they have bad intentions. Make sure you vet them as much as possible before hiring.
IRS: Good we'll come for the schmuck family next
Irs kept quiet till its a good enough loot
Damn the US takes a huge penalty. From 22M to 54.6M
And can't even do anything about the accountant since he's expired
Why would Steve Harvey make checks out to the accountant to cash and not directly to the IRS? This sounds like BS.
This is common with the rich.
It’s a lie Steve Harvey alway says he gets his money in an envelope and you can even see it happening sometimes on set
Why wouldn’t he? Do you have proof that it’s BS, just because you can’t fathom someone else doing something you wouldn’t do?
@@Tortilla.Reformdiydame thinks he’s smart rn
@@Tortilla.ReformBecause he was paying the IRS not the accountant?
Goes to show how incompetent the IRS is that they didnt bother to notify steve that they havent received the money
Sounds like a timely excuse to keep yourself out of jail.
Perhaps hire an accounting firm NOT a personal accountant. That way its a group of people and the firm would be liable for the failure to pay.
Dont trust people too much, you gotta cross check them sometime to keep them in check 💪
"This shmuck was stealing it all" I can't tell who this is directed at, the Accountant or the IRS? 😭
Never believe by word of mouth from people you “trust” the most… always asks for “paper” documentations when it comes to money and what was paid
This seems to happen a lot with celebrities in the US. Where I live our accountants instructs us what to pay but they can't pay it on our behalf. If you miss your payment date for your tax you get a letter within a month.
UK right?
@@latsword3513 yea exactly
The IRS wants you to go for a long time without paying, because then they can charge late fees and penalties and take everything you own. Then they put you in prison and the taxpayers have to pay a for profit prison for your incarceration (and guess who owns the prisons). They are lining their pockets on both ends.
lol no, it happen all over in the world
@@latsword3513 yea exactly
On this account the accountant can't be held accountable because he can't be accounted for.
😂😂😂
Heh heh heh
I skipped the short and went straight ro the comments, so I'll have to count on your recount
That is the problem when they're not being held accountable for their action.
@@mrvang8077 ...not being held accountable for their...accounting
This is why my accountant won't pay the IRS. He prints vouchers for me to figure out how to pay them on my own.
The IRS doesn’t care about anything but your money going to them.
How disappointing to find out your accounts stole all your money, instead of the IRS stealing all of your money.
yeah so sad
except now you gotta pay double one for the theft(accountant) and one for the IRS
One guy uses it to buy caviar, the other guy buys 100 kids a lunch. I think the accountant is much worse.
@@RamenConnoirseurone guy uses to buy a Cavair, the other guy uses it to buy 100 kids lunch in another country while you fork up the money and your kid starve. Fixed it for you.
@@RamenConnoirseur
$25,000,000 to buy 100 kids a lunch sounds about right.
Even if the accountant got all the warning letters, I'm amazed the IRS didnt start persuing legal action at that point.
I've worked with clients that had no idea there was a problem until two men in black suits showed up at their business. The bookkeeper was hiding the notices.
@@stevend8785 That's what I mean, I figured this would be the point where they start doing *that* although I didn't know they would actually show up. Kinda neat, and terrifying
The accountant was probably handling the notices and lying to the IRS.
That accountant was likely handling everything. Keep in mind that what the accountant was being paid is different from the IRS payments that were being stolen.
It's so frustrating when you pay the professionals to do the job right and this is what happens. It makes things more difficult for the good ones.
" he realised he owed 20 mil" you know fine well he know what he owe😂
Inspect what you expect, a wise man
Note to self when I'm rich; Evade taxes and blame the dead accountant.
Interesting, I never think the worst. I guess I forget how depraved we can be.
Looks like Steve's not paying it back.
Except that Steve got screwed with all the back debt owed .
He needs to become a student to duck that debt 😭
Exactly what Steve did
Rule number one. It does not matter how rich you are , never let your accountant mail your checks to the IRS, do it yourself .
Funny, I heard similar stories about friend's accountants dying then realizing their sleazy accountants never filed taxes.
ALWAYS KEEP AN EYE ON YOUR ACCOUNTANT!!!
My accountant does the accounts. I pay the bills. Dont let others pay on your behalf.
No one... I repeat; NO ONE, owes the IRS anything!
Go tell them that!
I think the crazy part here is that he discovered it after the accountant passed away😂
Guess he really really got to live it up
My great uncle owned 1000's of acres around current Disney World, and he ranched and farmed there. His two sons took over the tree business and orange groves. Long after my GU passed away, the boys had hired an accountant that stole millions from them. He was convicted and sent to prison but they never saw a dime of what he stole. They are still wealthy, but they are in their 80's now and are still running the business.
For reference, this happened in 2005. He is currently estimated to be worth 200 million dollars.
The checks were wrote to the IRS. The accountant just didnt send them and withdrew the exact amount. So all he saw was the same dolla amountband figured thats what it was. They found the taxes and the unpaid checks wrote ro the IRS. FIGURED I WOULD HAVE RHEOWN THEM AWAY.
Were wrote? Were written?? What happened to English, I see it every day and I'm not a native btw.
@@leomignonneau1765😂
I live in Africa. African banking is far behind the US but even my bank tells me where the money went. If you see a cash withdrawal you should no it’s not your check. If it’s a transfer you will see the account it went to. This is simply negligence from Steve. Maybe it happening once or twice fine but for years and to the sum of 25m your an idiot in my book. Just looking at your transactions history you would see your being robbed.
Hire an accountant to watch the accountant
He should have sued the accountant for stealing
Sue the accounts family