Close Menu
  • Home
  • Celebrity Gossip
  • Entertainment News
  • Featured
  • Photo News
  • Advertise with Us
  • About Us
  • Privacy Policy
Facebook X (Twitter) Instagram YouTube WhatsApp
Facebook X (Twitter) Instagram YouTube WhatsApp TikTok
BigEye.UG
Subscribe
  • HOME
  • CELEBRITY GOSSIP
  • ENTERTAINMENT
  • PHOTO NEWS
  • VIDEO NEWS
  • MONEY
    • Money
    • Features
BigEye.UG
Home»Celebrity Gossip»Michael Jackson estate in tax dispute
Celebrity Gossip

Michael Jackson estate in tax dispute

BigEyeUg3By BigEyeUg3February 10, 2014
Share
Facebook Twitter Telegram WhatsApp

micheal jThe estate of the late Michael Jackson is reportedly in a tax dispute with the Internal Revenue Service in the US.

The ‘Thriller’ singer’s death in 2009 has led to legal challenges within the Jackson family, including attempts to change the estate executors and questions arising over whether his will was authentic.

A new potential problem for the estate involves an IRS contention that it is owed $505 million in taxes, according to US Tax Court documents obtained by The Los Angeles Times.

The dispute is over the IRS’s claim that Jackson’s net worth was valued at $1.125 billion, not the $7 million that was allegedly reported by the pop star’s executors after his death.

Jackson’s estate could be hit with $197 million in penalties relating to the tax discrepancy as well.

There are also disagreements over the value of The Beatles’ music catalogue, which Jackson purchased at the height of his success.

A spokesperson for the Jackson estate has issued no comment on the matter yet.

The IRS problem comes just a few months after long-time Jackson collaborator Quincy Jones filed a $10 million lawsuit against the estate over music royalties.

Source: Digital Spy

“[katogoaward]”

Related

Share. Facebook Twitter WhatsApp Email
Previous ArticlePHOTOS: Bebe Cool and Gagamel Family celebrate 6 Music Accolades
Next Article Flappy Bird removed from App Store, Google Play

Related Articles

Grace Khan and Prince Omar Reconnect for Their Daughter, Granah

“Every Man Cheats” – Stabua Natooro Sparks Debate with Controversial Statement

Ziza Bafana Reveals Source of Fallout with Winnie Nwagi Over Viral Makeup Photo

Bad Black Welcomes Baby Boy on Her Birthday

Pastor Wilson Bugembe Secretly Planning Wedding This Year

Baby Gloria and Mbaleka Jonas Announce Wedding Date

Latest News

Kampala Glitters White as Aidah’s Kasiki Shuts Down Premium Liquor in an Unforgettable Night of Opulence

July 5, 2025

Grace Khan and Prince Omar Reconnect for Their Daughter, Granah

July 5, 2025

“Every Man Cheats” – Stabua Natooro Sparks Debate with Controversial Statement

July 5, 2025

Ziza Bafana Reveals Source of Fallout with Winnie Nwagi Over Viral Makeup Photo

July 5, 2025

Bad Black Welcomes Baby Boy on Her Birthday

July 5, 2025
Follow Us
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • TikTok
  • WhatsApp
BigEye.UG
Facebook X (Twitter) Instagram YouTube WhatsApp TikTok
  • Sitemap
  • Privacy Policy
  • Contact Us
© 2025 BigEye.UG | All Rights Reserved

Type above and press Enter to search. Press Esc to cancel.