Steve Harvey Eliminated a $25M IRS Debt By Paying $650K a Month for Seven Years

Steve Harvey had folks on social media baffled this week when the entertainment business’s hardest working employee revealed that he owed the Internal Revenue Service millions of dollars at one point in his illustrious career. 

During a recent appearance on Tuesday, March 15, episode of the “Earn Your Leisure Podcast” with co-hosts Rashad Bilal and Troy Millings, the “Family Feud” host returned to an account he has discussed previously about owing the IRS $22 million in 2008. “My accountant died, and an accountant that worked for him called my lawyer and said, ‘We have a problem,’” he told the hosts.

Steve Harvey speaks with the media at Trump Tower on January 13, 2017 in New York. (Photo by Bryan R. Smith / AFP) (Photo by BRYAN R. SMITH/AFP via Getty Images)

The 65-year-old continued, “She had found on the floor all my tax forms for seven years, signed with the checks stapled to them.” The longtime game show discovered that the people he hired to handle his finances  “were cashing the checks, keeping the money, and not turning in the tax forms.” 

When asked how they could use checks that were signed out to the government, Harvey explained, “They didn’t cash it; they took the money out the account that matched the exact number.” 

Harvey ultimately spent the next seven years paying back $650,000 a month, including his current taxes and daily living expenses. 

Yet, It wasn’t the first time Harvey opened up about his troubled finances. While talking to Yahoo News, who covered his tax troubles back in 2016, the West Virginia native revealed the incident happened shortly after he married his third wife, Majorie.

The television personality thought he would lose everything he ever had, including the former fashion designer.  “I sat my wife down, and she cried, and I held her, and I told her it was going to be all right; I was going to get us out,” he said.

Read full story at Atlanta Black Star here.

What people are saying

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top