Superstar singer Beyonce Knowles’s father and former manager Mathew Knowles was recently hit with an IRS tax lien of $1.2 million. Knowles still hasn’t paid his tax bills for tax years 2010 and 2011. For 2010 he owes $485,575.95 and in 2011 $728,004.89, totaling $1,213,580.84 of debt, according to TMZ. Even though Knowles no longer manages Beyonce’s career, he was during 2010 and 2011 and as we know, Beyonce is one of the highest paid acts in the industry. Therefore, father Knowles earned millions of dollars managing his daughter and should not have a problem paying his taxes.
Knowles isn’t the first to face tax issues and definitely won’t be the last. If you are in a similar situation, the Law Offices of Michael H. Raichelson can help come up with a resolution that may best suit you. Call today for your free consultation.