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.
Your thoughts?
5 Comments
Click here to leave yours!