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The IRS thought Michael Jackson’s estate would be an easy target. They forgot he built an empire by outsmarting entire industries. Most people know the IRS went after the Jackson Estate. Very few know how close the government came to winning — and how the estate flipped the entire case on its head. Here’s what didn’t make the headlines: • The IRS valued his image at $161,000,000 • The estate argued it was worth $2,105 • Why? Because in 2009 his reputation was shattered • He hadn’t earned a dolla
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Michael Jackson’s children are not receiving their trust money due to an ongoing IRS dispute over the estate’s tax valuation, with funds on hold until the legal and financial issues are resolved. #michaeljackson #mj #kingofpop | Hollywood Life
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