The Financial Gravity Podcast

TAX TUNE UP 026: Country Crooners Sing the Blues


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Several famous country singers have found themselves on the wrong side of the law due to taxes, but not all of them are singing the blues — some are even able to whistle a happy tune after taking on the IRS.

 

Key Takeaways:

[:20] Several famous country singers have found themselves on the wrong side of the law due to taxes.

[:58] Joy Ford purchased a venue called Bell Cove and claimed losses over the course of three years and the IRS took her to court.

[2:41] In 1968, Conway Twitty started up a side venture in the burger biz — but less than four years later, all but one of the restaurants had shut down. He repaid his investors through his music career which did not please the IRS.

[3:57] Are you looking for happier music where your taxes are concerned? You'll need to do a little planning and call us at Financial Gravity. We promise you'll be whistling a happy tune when you do.

 

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The Financial Gravity PodcastBy Financial Gravity