Michael Jackson $100 Million Tax Bill
The family of the late Michael Jackson have been informed that the star owed $100 million in unpaid taxes to the U.S. government at the time of his death — resulting in a smaller inheritance than expected for the singer’s three children, a report claims.
According to the Daily Star, the Internal Revenue Service will send an official bill to the executors of his will later this week.
A source says: “They knew there would be a death tax bill to settle but they had absolutely no idea it would be this high. This is a terrible added burden for the family to have to carry at a time like this. There is no question that it’s going to mean a lot less money going to Michael’s children.”
Michael Jackson passed away following a heart attack in Los Angeles last month.