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Will Smith Rare Signed Bank Check - $999 (Vancouver)

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Will Smith Rare Signed Bank Check 1
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THIS IS A VERY RARE SIGNED CHECK FROM WILL SMITH “CITY NATIONAL BANK” PAID TO ORDER OF “THE CHASE BANK OF MANHATTEN” “C/O GELFAND RENNERT AND FELDMAN” (TAX ATTORNEYS) THIS COULD BE ONE OF HIS TAX PAYMENTS HE HAD TO MAKE IN 1996:
You are looking at an authentic Will Smith hand signed check in bold blue ink. Item is in great condition, but please refer to listing photos for item condition in further detail. Item comes fully authenticated and encapsulated by PSA/DNA Authentication Services.

‘The Fresh Prince of Bel-Air’ Will Smith Had to Fork Over 70 Percent of His Salary For 3 Years 1990-1996

To the world, the Fresh Prince was riding a wave of success. Behind the scenes, it wasn’t like that at all.

When West Philly hip-hop artist Will Smith, of DJ Jazzy Jeff & the Fresh Prince, landed a major TV series, “The Fresh Prince of Bel-Air,” it was a pivotal point in his career. Not just because it could take him to new heights in entertainment, but he sorely needed money.

Despite having hit singles under his belt, he was in debt. Like many young artists, he’d blown through his newfound wealth quickly and found himself in debt to the IRS to the tune of $2.8 million.

“The Fresh Prince of Bel -Air” was offered to Smith just in time. Despite not having any acting experience, he took it, knowing he had a major debt to settle. Smith played a teenager from a poor Philadelphia neighborhood who was sent to live with his rich aunt and uncle in the affluent Los Angeles neighborhood of Bel-Air. It debuted in 1990 and ran until 1996.
To repay his IRS debt, Smith had to fork over 70 percent of his salary for three years.
Smith has spoken of this part his life but the experience recently resurfaced when the cast of “The Fresh Prince of Bel-Air” reunited 30 years after the show’s debut.

According to Smith, the Fresh Prince was his lifeline to save him from drowning in debt and tax obligations. When Hubert turned down a renewal contract from NBC, Smith said it felt like a threat to his livelihood.

“I felt threatened. At that point in my career, ‘The Fresh Prince of Bel-Air’ really saved my life,” he said. “‘The Fresh Prince’ represented life.”
Here are three things to know about Will Smith coming back from a nearly $3 million IRS debt and garnishing of his “Fresh Prince” checks.
Today, Will Smith’s net worth is $350 million, and he has certainly bounced back from his IRS trouble. He has gone on to star in some major movies, such as Bad Boys, Independence Day, and Men in Black. These days, he is lives with his wife of 23 years, Jada Pinkett-Smith. They have two children together, Jaden and Willow Smith.

• However, despite his success, Smith found himself in financial trouble due to poor management of his finances. Smith admitted in his autobiography that in 1990, he received a notice from the IRS stating that he owed them $2.8 million in back taxes. It turned out that Smith's financial troubles were caused by overspending and poor investments.

In Smith's case, it is unclear exactly how long the investigation lasted or what specific methods were used by investigators. However, given that he eventually agreed to pay back taxes owed plus interest and penalties rather than face criminal charges for tax fraud It suggests that there was some evidence indicating he had not fully reported all his income during certain years.
Initially, Smith admitted to borrowing money to help pay off the first rounds of debt. He then learned about investing strategies from experts like Warren Buffett and started making smarter investment decisions based on sound financial principles, using money from Fresh Prince of Bel-Air and other acting gigs to pay the IRS off.
Smith's efforts paid off, and he was able to settle his IRS debt in full by 1999. He also made significant progress towards rebuilding his financial stability and went on to become one of the highest-paid actors in Hollywood, without any debt holding him back. It is crazy to think that Smith was able to go from nearly $3 million in debt to having a net worth north of $300 million.

Lassiter set both Smith and Townes up with financial planning for the rest of their careers Feldman tax attourney to oversee our hypothetical future earnings.”
wrote. JL hired a tax attorney (for me and Jeff — he paid his taxes), scheduled a meeting, showed them the notices from the IRS,” he wrote. “He also engaged an accounting firm, Gelfand, Rennert & Feldman, to oversee our hypothetical tax future earnings.”
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