{"id":11599,"date":"2014-02-09T10:37:24","date_gmt":"2014-02-09T10:37:24","guid":{"rendered":"https:\/\/mjstar.co.uk\/?p=11599"},"modified":"2014-02-09T10:37:24","modified_gmt":"2014-02-09T10:37:24","slug":"the-estate-respond-to-irs-claim","status":"publish","type":"post","link":"https:\/\/mjstar.co.uk\/index.php\/2014\/02\/the-estate-respond-to-irs-claim\/","title":{"rendered":"The Estate Respond To IRS Claim"},"content":{"rendered":"<p><iframe class=\"video\" src=\"\/\/www.youtube.com\/embed\/u3gElXlDLVs?rel=0\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p>Forbes: Michael Jackson has earned over half a billion dollars since his death\u2013and now Uncle Sam wants a piece of the action.<\/p>\n<p>Reports surfaced saying that the IRS is hitting Jackson\u2019s estate with a $702 million bill,   including $505.1 million in taxes and $196.9 million in penalties.<\/p>\n<p>The estate will not be forced to pay any penalties unless the court rules in favor of the IRS,   but those in charge of Jackson\u2019s empire were nonetheless displeased with the news.<\/p>\n<blockquote><p>&#8220;The executors are disappointed the IRS continues to overreach in this matter but firmly believes all issues will be resolved in favor of the estate and the beneficiaries,&#8221; said attorney Howard Weitzman in a statement, which also noted that the estate has paid over $100 million in taxes and is &#8220;in full compliance with the tax laws.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Forbes: Michael Jackson has earned over half a billion dollars since his death\u2013and now Uncle Sam wants a piece of the action. Reports surfaced saying that the IRS is hitting Jackson\u2019s estate with a $702 million bill, including $505.1 million in taxes and $196.9 million in penalties. The estate will not be forced to pay [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-11599","post","type-post","status-publish","format-standard","hentry","category-videos"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Estate Respond To IRS Claim - Michael Jackson MJSTAR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mjstar.co.uk\/index.php\/2014\/02\/the-estate-respond-to-irs-claim\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Estate Respond To IRS Claim - Michael Jackson MJSTAR\" \/>\n<meta property=\"og:description\" content=\"Forbes: Michael Jackson has earned over half a billion dollars since his death\u2013and now Uncle Sam wants a piece of the action. 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