Whitney Houston’s Estate Reaches $2M Settlement With The IRS!
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After a SUPER long battle with the IRS Whitney Houston’s estate has settled with them having to pay $2 million instead of the original $11 million it was ordered to pay.
The estate filed documents on December 26 agreeing to pay the amount of $2,275,366, according to legal documents obtained by The Blast.
After our beloved “Nippy” passed away in 2012, the IRS determined her estate had “under reported the singer’s royalties, residuals and value of her image by $22.6 million,” The Blast reported. The IRS alleged that meant the estate owed $11 million dollars.
Whitney’s estate fought back, claiming the IRS was incorrect in its value determination and maintained it was worth $11.7 million.
A trial was set for February, but the parties were able to reach a deal prior to going to court. R.I.H Whitney….
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