Michael Jackson Income Taxes Brought To Light By The Killer IRS CPA!
After searching Google several times, nothing came up as far as him owing any back income taxes. I did find the following for 2008.
“According to records in Santa Barbara County, Jackson finally satisfied a state tax lien on his all-but-abandoned Neverland Valley Ranch in Los Olivos, Calif. The total, according to the assessor’s office, came to just over $600,000, including penalties and fees.”
Michael Jackson’s Estate Taxes
Settling the estate can be a different matter. Many claim that he may have liabilities that exceed the value of his assets. But maybe not.
Some say that the estate tax value of Mr. Jackson’s rights of publicity very easily could exceed his estate’s liquid assets available to pay taxes.
Many wonder if he had a will. It will all work out. Always does. But before I forget…
R.I.P. Michael. As much as us “rockers” put down pop music, you always came up with a song we didn’t mind singing. You will always be remembered for your extraordinary talents. You even got M.C. Hammer to moonwalk! A high pitched “Hee Hee” to ya.
