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Inside This Issue
pg 1 ∙ How to Convert More Prospects to Clients
pg 2 ∙ Small Acts of Kindness Add Up
pg 3 ∙ How Much Should You Spend on Marketing?
pg 4 ∙ Platinum Mastermind Member Spotlight
pg 5 ∙ Check Your Mailbox for Your Plaque!
pg 6 ∙ Shout Outs!
pg 8 ∙ The IRS Owes Tyler Perry $9 Million
IRS Terror Tale of the Month The Case of the $9 Million Tax Refund
It’s not every day the IRS makes a mistake and has to refund someone $9 million, but last summer, film star Tyler Perry, who spoke at the 2022 Earn Your Leisure Conference, revealed this massive IRS mistake. According to Perry, years ago, an overzealous IRS agent insisted on auditing his bank accounts. The agent put every penny of Perry’s income from acting, writing, directing, and performing comedy shows under the microscope. “So, this audit went on for three years. I’m spending hundreds of thousands of dollars in accounting with accountants for the audit, and I am getting so mad, and so frustrated. We [got] to the end of the audit and they, the IRS, owed me $9 million,” Perry said. According to Black Enterprise magazine, Perry was able to replace the fanatical IRS agent with a superior. Ultimately, Perry learned a lot from that IRS fumble. He cashed his $9 million check and took care to never overpay the agency again.
Perry’s team of accountants were thrilled at the outcome, but Perry had second thoughts and wondered how they messed up so much that he overpaid
the IRS by $9 million. So, he fired them. “Everybody gone! I had to stop going to H&R Block for my taxes at some point,” he joked with the audience.
Perry also got a little more serious and said, “Listen to me: In business, it’s okay to make mistakes. It’s okay to learn. You have to learn, but don’t let it keep happening over and over again … That’s how I run my business. Here’s the mistake. Let’s fix it; let’s move forward,” he said.
Considering Perry’s net worth is hovering between $800 million and $1 billion, his advice is definitely worth taking!
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