Aretha Franklin's Estate Settles Up With the IRS

Aretha Franklin's Estate Settles Up With the IRS
Flickr - nico7martin

Representatives for the estate of the late Aretha Franklin have confirmed that they have paid the IRS around $3 million in back taxes owed by the late singer.

According to Fox News:

Aretha Franklin's estate has paid at least $3 million in back taxes to the IRS since her death in August, an attorney for the late Queen of Soul's estate said Thursday.

The estate is being audited by the IRS, which filed a claim this month in a county probate court north of Detroit, David Bennett told The Associated Press.

Earlier Thursday, TMZ reported that legal documents it obtained showed the IRS claimed the singer owes more than $6.3 million in back taxes from 2012 to 2018 and $1.5 million in penalties.

"We have a tax attorney. All of her returns have been filed," Bennett told the AP. "We have disputes with the IRS regarding what they claim was income. We claim its double-dipping income because they don't understand how the business works."

The documents did not mention how much the estate of the late singer is worth but estimates have it in the tens of millions of dollars.

 Source: American Update

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