The King of Pop, Michael Jackson’s, Estate Wins Big at Tax Court

Two things are virtually certain in life: death and taxes. But, one more should be added to the list where the two converge—an IRS audit. Indeed, this scenario played out all too well for the “King of Pop,” Michael Jackson’s, estate as shown in the United States Tax Court’s recent 271-page memorandum opinion. See Estate of Jackson v. Comm’r, T.C. Memo. 2021-48....
By: Freeman Law

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