Whitney Houston‘s estate plans to combat the IRS after it slapped them with a $11 million tax bill.
As it seeks to generate income via the singer’s polarising hologram the estate has been accused of underreporting $22.6 million.
This means that Inland Revenue Service is now expecting it to pay $11 million as well as $3 million in penalties.
The Whitney Houston Estate says the IRS is in error by increasing the value of the singer’s publicity rights $11.5 million to $11.7 million. How the IRS came to its valuation is unclear, but this provides further evidence that the federal tax agency intends to pursue money from the name and image of dead stars.
A trial is scheduled for next February.
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Jesus take the wheel
God how I wish Whitney was more into business early on, she could’ve owned her publishing of those songs. I admire her more when she said she wasn’t a songwriter just a vocalist but still at least get some ownership of your catalog like Mariah, Madonna, Prince, and MJ. Things like this makes me upset at her team, it puts me in reminder of Billi Hoilday, Nina Simone, ect being cheated out of their money by greedy ass people.
Pat Houston is a no edges having crook! lol, she got a big head with nothing inside it! LAWD!
Good thing Janet Jackson, Beyonce own their catalog.
Wow