Aretha Franklin estate says $7.8 million IRS bill is paid; could spell windfall for son
Aretha Franklin’s long-standing $7.Eight million debt to the Internal Revenue Service has been paid in complete,
her estate says in a new courtroom submitting. It may want to open the door for Franklin’s 4 sons to sooner or later
take the driver’s seat in her put up-demise affairs and completely advantage from revenues flowing into her property
which could mean thousands and thousands of greenbacks at closing getting into their palms.
The past due Queen of Soul’s tax burden had been an immovable hurdle as her heirs taken care of out other estate topics —
every so often combatively — in Oakland County Probate Court following her 2018 loss of life.
As the mightiest creditor in the photo, the IRS held sway, and its debt needs avoided the sons from receiving money,
even at the same time as the past due celebrity’s track and film initiatives generated large sales in her call.
The IRS stated Monday it can not touch upon individual tax topics, bringing up federal privacy laws.