Tyler Perry came dangerously close to being $9 million shortchanged by the IRS.
Perry exposed his tax inadequacies at the 2022 Earn Your Leisure Conference, which put him in a number of sticky financial situations.
“Money isn’t something that I had, and nobody taught me that taxes had to be paid,” Perry said, according to Finurah. “I didn’t go to college, but I paid for Harvard many times over in the mistakes that I made.”
Perry understands that taxes are a gray area, but he also understood how crucial it was for taxes to be done to a certain standard given the amount of money he is making from his expanding media empire.
Perry, therefore, did the proper thing by hiring accountants to conduct audits to make sure his financial statements complied with the demands of the federal agency.
Early on, Perry noticed some warning signs, such as an accountant who seemed shadily interested in how Perry was handling his cash. Perry thought the conduct was improper. The agency then appointed a replacement when he later fired the auditor from the case.