Tax Court Delivers Win To Heirs Of Michael Jackson's Estate
The IRS inflated the value of Jackson's assets and image at the time of his death, resulting in a much higher tax bill for his heirs.
A major tax win for the estate of late pop icon Michael Jackson.
A U.S. tax court ruled the IRS inflated the value of his assets and image at the time of his death by more than $300 million.
That resulted in a tax bill for his family that was much higher than it should have been.
An executor overseeing the estate called it a huge victory for Jackson's children.
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