Remember When Willie Nelson Settled His Tax Bill?
Twenty years ago, on Feb. 2, 1993, Willie Nelson settled his $16.7 million tax bill for around $9 million. The trouble began when the IRS decided that tax shelters his accountants set up were not valid. A massive audit resulted in the government seizing much of his property and selling it at auction.
Fortunately, much of the property was bought by friends and supporters who gave it right back to him. There was also the album ‘The IRS Tapes: Who Will Buy My Memories?’ It’s not generally remembered as his finest project, but the profits also helped him get back on his feet. In 2006, he’d poke fun at his tax troubles in a hilarious commercial for H&R Block, which aired during Super Bowl XXXVIII.