Steve Harvey Explains Why He Owes the IRs More Than $20 Million — ‘they Were Cashing the Checks and Keeping the Money,’ Says One.

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Steve Harvey is currently one of the wealthiest men in entertainment — but that was not always the case.

In an interview with Earn Your Leisure, he detailed his run-in with the IRS, which cost him more than $20 million.

“When my accountant died, a colleague called my lawyer and said, ‘We have an issue,'” he explained in the interview. “She discovered on the floor all of my seven-year tax returns, signed and stapled with the checks.”

“They were cashing the checks, keeping the money, and not submitting the tax forms,” he added. They did not cash it; rather, they transferred the funds to the account that matched the exact number.”

 

IRS

Steve Harvey also reported the incident in a separate Yahoo report.

“My former tax accountant, who died away, did some not-so-smart things,” Steve Harvey explained. “And since he’s no longer alive, and I’m not one to criticise the dead, let’s just say some horrible things were done and I looked up and found myself in a heap of difficulty worth over $25 million.”

According to Yahoo, this occurred during his initial marriage to his future wife, Marjorie. Steve Harvey claimed he was scared about losing everything — from his wife to his property — but thankfully for him, Marjorie was a forgiving woman.

“I sat my wife down and she cried, and I embraced her and reassured her that everything would be fine; I would get us out,” he explained.

And with that determination, he set to work.

“I’ve just arrived at work. I accepted every gig and contract and worked nonstop. I persisted, until a significant agreement came through in 2012, and I was set free. And it’s been fine since then,” he explained.

Indeed, he has been OK.

 

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Here is the current market value of Steve Harvey.

Steve Harvey’s net worth is unknown.

Steve Harvey has amassed an estimated net worth of $200 million through a variety of business endeavours, investments, and entertainment activities. As a result, he has come a long way from his days of massive IRS debt.

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