MICHAEL JACKSON: Estate Wins Case Against IRS

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Michael Jackson‘s estate has beaten the IRS in a battle over the value of the late entertainer’s name and likeness.

According to the Wall Street Journal, U.S. Tax Court Judge Mark Holmes found that the singer’s name and likeness were worth just over $4 million

when he died in 2009 — not the $161 million the feds believed. Though the IRS did win on some minor points, the government will get far less in taxes on Jackson’s estate under this decision.

Written by: Tony Williams

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