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I had an accountant who didn't tell me the right thing to do. He had me in some tax shelters and things that were disallowed, and it was really not that good advice." To settle his debt, reduced to about $9m, he did not in the end, as has been widely misreported, have to auction off his studio, golf course, western town, house and fishing camp. But he did hurry out a compilation called The IRS Tapes: Who'll Buy My Memories. The 1980s found him diversifying into film (soundtracks and acting) and the annual Farm Aid benefit to help America's struggling rural communities like the one into which he was born.The constant throughout has been his obedience to his twin mistresses, writing and the road.
He's often been portrayed as a financial incompetent, but he blames, and indeed sued, the people he hired to be competent for him "It was bad bookkeeping on their part. I still try to throw it away quicker than I make it, but so far I haven't been able to do that." At the end of the 1970s, the IRS decided that Nelson owed them. Stardust, a collection of covers, defied all dire warnings of disaster.The money now avalanched into his wallet, but never settled "I didn't keep it It sort of went through me A lot of people had a good time, including me I don't regret it. Shotgun Willie was a shot across the bows, then Red Headed Stranger went gold.