As the saying goes, “Nothing is certain in life but death and taxes.” Apparently, if you’re rich enough, the taxes continue after the death. Michael Jackson’s heirs—his mother Katherine and three children, Paris, Prince and Bigi—are finding that out the hard way.
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According to PEOPLE, in a May 28 filing, the executors of the superstar’s will —John Branca and John McClain — made the decision that no one will receive “financial distribution” while a legal dispute with the IRS continues. The issues started in 2021 when the IRS “issued a note of deficiency” after auditing its federal estate tax return and finding that it “undervalued its assets.” The IRS claimed it owed “an additional $700 million in taxes and penalties.”
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The estate won its dispute …