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Michael Jacksons Estate Battling Irs
Written by Bogutz and Gordon
Posted on Apr 21, 2016
Estate taxes are assessed on the value of a person’s assets at the time of death. In that regard, Michael Jackson’s estate and the IRS have very different numbers. The IRS: $434 million-plus. The estate? $2,105. The two are battling it out, and likely they will settle on a number somewhere in between.
