Добро пожаловать в Мир Майкла Джексона, Гость!    Регистрация  Или выполнить  Вход       

Заголовок Объявления
Поздравляем
ThomasBen
Все статьи ТМЗ о Майкле Джексоне и его семье./TMZ articles about Michael Jackson and his family

На эстейт Майкла Джексона нацелилось налоговое управление

На эстейт Майкла Джексона нацелилось налоговое управление

#1  Сообщение Admin » 09 фев 2014, 00:33

Michael Jackson Estate
Targeted by IRS
Shocking Tax-Cheating Allegations
На эстейт Майкла Джексона нацелилось налоговое управление США - шокирующие обвинения в мошенничестве


Изображение
The Michael Jackson Estate is in the crosshairs of the IRS for allegedly cheating taxpayers out of a fortune ... and now the taxman wants the Estate to pay the piper -- to the tune of more than $700 million.

The allegations are stunning. According to legal docs -- obtained by the L.A. Times -- when Michael died the executors told the IRS his net worth was around $7 million. The IRS now says MJ's net worth was actually $1.125 BILLION!

And in a HIGHLY unusual move, the IRS claimed executors so grossly misled the agency, it doubled the tax penalty -- from 20 - 40%. So the IRS claims the Estate didn't pay $505 million worth of taxes, and when you add the 40% it comes to more than $702 Million.

As for what the agency says was under-reported:

-- The Estate valued MJ's likeness at $2,105. The IRS says the value is actually more than $434 million.
-- The Estate valued Michael's interest in a trust that owns songs by MJ and the Beatles at ZERO! The IRS says its more like $469 million.
-- There's another MJ trust the Estate claims is worth $2.2 mil. The IRS says it's worth $60.6 mil.
-- The Estate valued the Jackson 5 master recordings at $11.2 mil. The IRS says $45.5 mil.

It's pretty clear the Estate will fight this like crazy, but worst case scenario the taxes could wipe out what the Estate has made since MJ's death ... which could be devastating for Michael's kids.

We contacted a rep for the Estate. So far no word back.
Изображение

Показать ссылки поста



За это сообщение автора Admin поблагодарили (всего 5):
Liberian Girl (10 фев 2014, 03:27) • Trueamore (09 фев 2014, 22:58) • MagicalLove (09 фев 2014, 17:06) • TAIS (09 фев 2014, 08:36) • franklin5569 (09 фев 2014, 00:49)
Рейтинг: 45.45%
 
Аватара пользователя
offline

Admin
Автор темы
Благодарил (а): 11977 раз.
Поблагодарили: 14911 раз.

Re: На эстейт Майкла Джексона нацелилось налоговое управление

#2  Сообщение Liberian Girl » 09 фев 2014, 16:22

BEATLES GURU / СПЕЦИАЛИСТ ПО BEATLES
TAXMAN WAS RIGHT / НАЛОГОВИКИ БЫЛИ ПРАВЫ
MJ COLLECTION / КОЛЛЕКЦИЯ МАЙКЛА ДЖЕКСОНА
WORTH A FORTUNE! / СТОИТ ЦЕЛОЕ СОСТОЯНИЕ!


Изображение

The Michael Jackson Estate is insane for trying to value MJ's Beatles collection at ZERO for tax purposes ... so says one of the most prominent Beatles experts in the world ... who also happens to be a tax attorney.

The Estate is in a dogfight with the IRS ... which claims MJs people stiffed the government on more than a half a BILLION dollars in taxes by undervaluing assets ... including MJs interest in songs by MJ and the Beatles. The Estates says the asset is worth NOTHING. The IRS says the Estate should have declared a value of $469 million.

Beatles guru and attorney Bruce Spizer tells TMZ, "No one could value that collection at zero with a straight face." Spizer, who has written 8 books about the group that changed the world 50 years ago tonight on "The Ed Sullivan Show," says the IRS may have "slightly inflated" the value of the catalog, but believes it's definitely worth minimum $300 million and could be as much as $400 million.

Spizer says, "For the Estate to list the value at zero, they lose all credibility."

Reps for the MJ Estate tell TMZ, they dispute the entire IRS analysis of MJs assets. The reps say they used nationally-recognized experts to determine value while the IRS wallows in speculation.

The reps say the Estate paid more than $100 mil in taxes and fully complied with the law.

Я готова верить, но надо знать во что!

Показать ссылки поста



За это сообщение автора Liberian Girl поблагодарили (всего 5):
franklin5569 (10 фев 2014, 16:41) • Trueamore (09 фев 2014, 22:58) • Admin (09 фев 2014, 19:34) • Lina (09 фев 2014, 17:18) • MagicalLove (09 фев 2014, 17:06)
Рейтинг: 45.45%
 
Аватара пользователя
offline

Liberian Girl
Благодарил (а): 2485 раз.
Поблагодарили: 13589 раз.

Re: На эстейт Майкла Джексона нацелилось налоговое управление

#3  Сообщение Admin » 10 фев 2014, 15:07

Michael Jackson Estate -- The IRS Is Off the Wall

Изображение
Michael Jackson was broke as a joke when he died ... so the IRS tax attack is showing a glaring ignorance ... so claim the people who run the MJ Estate.

Sources connected with the Estate tell TMZ ... they never suggested the Beatles catalog was worth ZERO -- to the contrary they agree it's worth around $1.5 BILLION.

That said ... sources say there's a reason they put a big fat zero in the Beatles column when they filed tax returns just after Michael died. They say there was a $700 million loan taken against the purchase of the catalog, bringing the net value to $800 million. Michael and Sony were 50/50 partners ... which means Michael's share was around $400 million.

Now the debt. Michael leveraged his interest to the hilt -- he borrowed $320 million against the catalog. And He owed another $200 million in personal debt ... And that's why they put ZERO.

One bone of contention -- although the Estate values the catalog at $1.5 billion, the IRS says it's DOUBLE that amount.

Estate sources say the IRS is also off base on the issue of MJ's likeness and image, which they valued at only $2,105 at the time he died. The IRS says it's worth more like $434 million.

Our sources say you have to look back at June, 2009. They say Michael made zilch on his likeness and image for the 15 YEARS before his death -- no commercials, not even T-shirts ... no one wanted to be associated with him -- at least commercially.

And finally ... as for the Jackson 5 music collection -- the Estate says it was worth $11.2 mil when Michael died ... the IRS says $45.5 mil.

So the sources say after settling up with Motown, MJ's interest was a lot less than people think. The Estate would gladly sell Michael's rights even today for $45.5 mil ... they say they'd sell it for $30 mil!

Изображение

Показать ссылки поста



За это сообщение автора Admin поблагодарили (всего 6):
Lina (10 фев 2014, 18:40) • MagicalLove (10 фев 2014, 18:34) • Trueamore (10 фев 2014, 17:23) • franklin5569 (10 фев 2014, 16:41) • Liberian Girl (10 фев 2014, 16:32) • Dream (10 фев 2014, 15:57)
Рейтинг: 54.55%
 
Аватара пользователя
offline

Admin
Автор темы
Благодарил (а): 11977 раз.
Поблагодарили: 14911 раз.

Re: На эстейт Майкла Джексона нацелилось налоговое управление

#4  Сообщение MagicalLove » 10 фев 2014, 19:08

это не с Тмз, но тема та же - налоги

Michael Jackson Estate Net Worth Update: Tax Cheating Scandal Could Destroy Family Fortune (VIDEO)Скндал по поводу сокрытия дохода от налогов может уничтожить состояние семьи

Изображение
More than four years after the death of Michael Jackson, controversy and drama continue to surround the singer. The Michael Jackson Estate has found itself facing serious tax cheating accusations after the IRS claims it allegedly owes them more than $700 million in unpaid taxes and penalties, which would effectively wipe out the family fortune. Executors for the Jackson Estate grossly under-reported his net worth and value of various items he owed, but it’s unclear whether those involved could face jail time for the tax cheating.

Legal documents composed by the executors after his death and obtained by the L.A. Times reported that the net worth of Jackson was $7 million. However, the IRS claims that Jackson actually had a net worth $1.125 billion. Among the other tax issues, the Estate valued the likeness of Jackson at $2,105 when the IRS claims it’s worth $434 million, and his trust that owns songs by the Beatles at zero when the IRS claims it’s worth $469 million. The IRS has penalized the Jackson state by doubling their tax penalty from 20 to 40 percent, meaning the $505 million originally owed is now over $702 million owed
A representative for the Jackson Estate has vehemently denied the tax accusations. "The Estate used independent, nationally-recognized and highly-qualified expert appraisers in determining the value of the Estate’s assets. By contrast, the IRS consultant’s values are not based on standard appraisal methodology, but rather are speculative and erroneous assumptions unsupported by the facts or law,” read a statement from the representative. “The Estate has paid over $100 Million dollars in taxes and is in full compliance with the tax laws."
If a court finds the Jackson Estate is found to truly owe the IRS this sum, it would wipe out more than everything the Estate has earned since Jackson’s death and be financially devastating for his children. The Jackson family had filed a billion dollar lawsuit last year against concert promoter AEG Live, claiming that they were responsible for his death. However, a court ruled last October that the insurance company was not liable and the family has not pursued further legal action.

Michael’s daughter, Paris, has been dealing with her own issues as of late. The teenager has been residing at a therapeutic boarding school in Utah after a suicide attempt last year. She is reportedly doing well in the new environment, but could remain there for several more years.
Изображение

you are in my heart forever icon_colorfulherats

Показать ссылки поста



За это сообщение автора MagicalLove поблагодарили (всего 6):
Liberian Girl (11 фев 2014, 02:26) • Trueamore (10 фев 2014, 22:48) • TAIS (10 фев 2014, 20:53) • Lina (10 фев 2014, 19:49) • Admin (10 фев 2014, 19:16) • franklin5569 (10 фев 2014, 19:15)
Рейтинг: 54.55%
 
Аватара пользователя
offline

MagicalLove
Прогресс до нового звания:
69.9%
Благодарил (а): 3518 раз.
Поблагодарили: 6369 раз.

Re: На эстейт Майкла Джексона нацелилось налоговое управление

#5  Сообщение ЛенаДжексон » 10 фев 2014, 19:50

По ходу шефа в тупик загнали))))

Очень интересно, как они теперь действовать будут. Ведь прямая дорога к камбеку нарисовалась с откуплением в виде такого баснословного налога heyy
ИзображениеИзображение

Показать ссылки поста



За это сообщение автора ЛенаДжексон поблагодарили (всего 2):
franklin5569 (10 фев 2014, 23:41) • TAIS (10 фев 2014, 20:54)
Рейтинг: 18.18%
 
Аватара пользователя
offline

ЛенаДжексон
Прогресс до нового звания:
16.3%
Благодарил (а): 112 раз.
Поблагодарили: 422 раз.

Re: На эстейт Майкла Джексона нацелилось налоговое управление

#6  Сообщение Trueamore » 10 фев 2014, 23:05

Michael Jackson Is Back

Michael Jackson is back with yet another problem that threatens his legacy, namely an issue between the Internal Revenue Service and the King of Pop’s estate over the value of his fortune. After the agency reportedly found out that the late singer could be worth $1.125 billion and the executors of his fortune claimed a value of $7 million, the latter must pay over $700 million in back taxes and penalties.

Michael Jackson is back, but the reason is not a happy one; according to the Los Angeles Times, the Internal Revenue Service has communicated to the late singer’s executors that the estate must pay $505 million in taxes and $197 million in penalties because the net worth established by the estate, $7 million, is vastly different from the number the IRS came up with, namely $1.125 billion. One of the reasons could be the value of Jackson’s image, which cannot be properly evaluated.

Andrew Katzenstein, one of Proskauer Rose law firm’s estate tax experts, believes that no one can really say if the late singer was worth a couple thousand dollars, as the estate mentioned, or $400 million, because there is no other artist as big as Michael Jackson who can used as a comparison in order to put a price on the King of Pop’s image and wealth.

This predicament was best explained by Edward McCaffery, professor in USC’s Gould School of Law, who compared estate planning with a hot potato. In a situation in which the potato is represented by wealth, what people would want the least is to die holding the potato, which happened in Jackson’s case. It seems that the late singer’s image is not the only reason behind the feud, but also his interest in a trust which contains the rights to some unknown songs of the artist and most of the Beatles catalog. While the estate valued these belongings at $0, the IRS considered that these rights are worth $469 million, but experts take the latter’s side and mention that it is hard to believe that those rights are worth nothing.

After contacting Michael Jackson’s estate, TMZ found out that no change has been made to the initial statement, a sign that the executors are sure that the evaluation was right and that the approximation made by the agency is “not based on standard appraisal methodology.” They also called the findings of the IRS unproven and inaccurate “assumptions unsupported by the facts or law,” but they might still have to pay over $700 million to the agency.

Michael Jackson’s estate could argue that, before the singer’s death, he had not toured and a CD was out of the question because of the child molestation allegations that destroyed his image. Nonetheless, Forbes declared the late artist the highest-paid celebrity of 2013 thanks to earnings valued at $160 million. Other inconsistencies in the evaluation of the singer’s belongings were the worth of his three Rolls-Royce cars and a 2001 Bentley Arnage which, according to the estate, are worth $91,600 but the IRS considered the fair sum would be $250.000.

Federal estate tax is calculated by combining the assets which are also called gross estate, diminishing the debts owed by the deceased at his or her death and then writing off costs of the administration, provided they are within reason. It is also calculated based on a progressive rate, but reports show that in the artist’s case, the estate reported a taxable estate of about $9 million. As a result, the IRS issued a Notice of Deficiency to the executors asking for approximately $700 million.

Michael Jackson is back, but the news is not encouraging for the late singer’s fans who hoped that the drama surrounding his life and death is gone. It remains to be seen how the feud between the IRS and the artist’s estate will be settled, but if the former demonstrated that Jackson’s possessions are worth billions, the mistake could determine the executors to pay off taxes by selling assets or demanding the agency to allow a payment over 15 years.

By Gabriela Motroc



http://guardianlv.com/2014/02/michael-jackson-is-back/

Показать ссылки поста



За это сообщение автора Trueamore поблагодарили (всего 6):
MagicalLove (11 фев 2014, 17:57) • Olenca (11 фев 2014, 15:05) • Lina (11 фев 2014, 11:52) • Liberian Girl (11 фев 2014, 02:27) • franklin5569 (10 фев 2014, 23:41) • Admin (10 фев 2014, 23:14)
Рейтинг: 54.55%
 
Аватара пользователя
offline

Trueamore
Благодарил (а): 6693 раз.
Поблагодарили: 7266 раз.

Re: На эстейт Майкла Джексона нацелилось налоговое управление

#7  Сообщение Admin » 10 фев 2014, 23:23

Trueamore писал(а):Michael Jackson Is Back


А заголовок - то, заголовок! icon_wtf icon_yahoo icon_clapping icon_thumbup icon_mjwhite
Изображение

Показать ссылки поста



За это сообщение автора Admin поблагодарили (всего 5):
MagicalLove (11 фев 2014, 17:57) • Olenca (11 фев 2014, 15:06) • Lina (11 фев 2014, 11:52) • franklin5569 (11 фев 2014, 02:45) • Trueamore (10 фев 2014, 23:32)
Рейтинг: 45.45%
 
Аватара пользователя
offline

Admin
Автор темы
Благодарил (а): 11977 раз.
Поблагодарили: 14911 раз.

Re: На эстейт Майкла Джексона нацелилось налоговое управление

#8  Сообщение Liberian Girl » 11 фев 2014, 02:40

Michael Jackson’s estate hit with $783m tax bill after valuing Beatles catalogue at zero

Изображение
Beatles claim squashed ... Michael Jackson’s estate is being challenged after claiming its interest in a trust that controls a catalogue of Beatles hits is worthless. Source: AP

AND you think your tax bill is bad … Michael Jackson’s estate has just received a whopping tax bill worth more than $780 million. Ouch.

The US Internal Revenue Service [IRS] has said the estate owes $US702 million ($783 million) — $US505 million ($563 million) in taxes and another $US197 million ($219 million) in penalties — according to documents filed with the US Tax Court.

The massive discrepancy comes from just how much Michael Jackson was worth at the time of his death in 2009. The estate placed it at just $US7 million ($7.8 million), stating that the value of Jackson’s likeness was just $US2,105 ($2,350) and his interest in the trust that controlled his music as well as The Beatles catalogue at zero. (Yes, zero!)

Not surprisingly, the IRS has said that’s just not possible. The IRS says the estate should have declared a value of $US469 million ($523 million)

Beatles guru (he’s written eight books on the group) and lawyer Bruce Spizer told TMZ, “No one could value [The Beatles] collection at zero with a straight face.”

Spizer said the IRS may have “slightly inflated” the value of the catalogue, but believes it’s as high as US$400 million ($446 million)

Spizer says, “For the Estate to list the value at zero, they lose all credibility.”

There’s even some debate over the worth of cars Jackson owned when he died.

The estate said his three Rolls-Royces and a Bentley were only worth US$91,600 ($102,000). The IRS put a value of US$250,000 ($279,000) on the luxury cars.

Apparently the executers of Jackson’s estate are unwilling to reach a compromise and have hired a top US tax lawyer to represent them.

Я готова верить, но надо знать во что!

Показать ссылки поста



За это сообщение автора Liberian Girl поблагодарили (всего 7):
Trueamore (11 фев 2014, 22:49) • Admin (11 фев 2014, 18:14) • MagicalLove (11 фев 2014, 17:58) • TAIS (11 фев 2014, 17:45) • Olenca (11 фев 2014, 15:18) • Lina (11 фев 2014, 11:53) • franklin5569 (11 фев 2014, 02:44)
Рейтинг: 63.64%
 
Аватара пользователя
offline

Liberian Girl
Благодарил (а): 2485 раз.
Поблагодарили: 13589 раз.

Re: На эстейт Майкла Джексона нацелилось налоговое управление

#9  Сообщение Trueamore » 14 фев 2014, 22:56

Michael Jackson vs. IRS: Thriller battle over value of the estate

For famous clients, careful planning needed to keep the value of image out of Tax Man's clutches

A bitter court battle between Michael Jackson's estate and the Internal Revenue Service spotlights a major problem for clients who are rich and famous: placing a value on intangible assets.

Mr. Jackson, who died in 2009, is once again front-and-center as his estate takes on the IRS in Tax Court. The chief problem at hand is the valuation of the estate, which Mr. Jackson's executors valued at just over $7 million but the IRS contends is worth about $1.125 billion, according to The Los Angeles Times. As a result, the Tax Man is now saying that the estate owes some $702 million in taxes and penalties, the Times reported.

Key valuations the IRS is fighting include Mr. Jackson's likeness, which the estate placed at $2,105. The IRS claims that that number should be $434 million, according to the Times.

Why the wide range?

The problem is that the IRS doesn't have a defined method when it comes to determining the commercial value of publicity rights at death, noted Charlie Douglas, editor of the National Association of Estate Planners and Councils' Journal of Estate and Tax Planning. The assets in question are intangible, such as the likeness or image of a rock star, as opposed to the value of the music he or she released and the records sold.

The other issue is that in general, a higher valuation on an estate will lead to higher estate taxes. But where do intangibles stand among other assets in an estate?

One possible method to put a value on the intangible asset is to project the income the image or likeness could earn over what's called its “remaining useful life” — the expected period in which the image will remain relevant. Income can include the royalties the estate receives from licensing the name or image of the decedent to a company that will make T-shirts or posters using it.

“Everyone agrees on the methodology [of using the income method], but it's the inputs in the methodology that they disagree over. The key input is: What's the remaining life on the brand?” said Robert Reilly, an accountant and valuation expert at Willamette Management Associates. “For someone like Marilyn Monroe or Elvis, that income goes on for years and years.”

But even if two parties — say an estate and the IRS — come to agreement on the length of the “remaining useful life,” there can still be a dispute on what will happen to that projected income over that time. Will it rise or fall?

“If you look at those factors, we're going to agree on the same formula in the equation, but the input will be different and so will the output,” Mr. Reilly said.

In the best of scenarios, celebrities' executors bring in not just the accountant and lawyer, but also a skilled appraiser when determining how to account for the value of a trademark, brand or image.

“When there are unusual assets, for which there aren't public markets or many comparable sales, valuation becomes a more difficult process,” said Andrew M. Katzenstein, a partner in the personal planning department at Proskauer Rose. Vetting the valuation for the tax return is then up to the estate attorney or the accountant, or whoever is preparing the estate tax return for submission.

There's plenty for estate planning experts to take away from the tiff between the IRS and Michael Jackson's estate. For one thing, having the IRS assign a huge value to an allegedly undervalued estate could potentially render it insolvent if there aren't enough assets to pay the tax bill, Mr. Douglas noted.

As a result, there are a couple of planning tactics to consider while the celebrity is still on the right side of the grass. For instance, it may be time to think about reassessing life insurance arrangements and ensuring they match up with the perceived value of the intangible assets and the income they produce.

Another idea: If the person is at a low point in his or her career, why not place a valuation on the intangible assets and then transfer the right to them to a trust to keep the intangible assets out of the estate? Mr. Douglas suggested. This works even better if the asset eventually goes up in value because all the appreciation will be out of the estate.

“If Jackson's case becomes a precedent, there will be a new area of planning for celebrities,” he said. “Nobody is thinking of what to do, and there is the potential to wipe out the estate if the [intangible assets] end up with a large valuation.”



http://www.investmentnews.com/article/2 ... /140219952

Показать ссылки поста



За это сообщение автора Trueamore поблагодарили (всего 4):
franklin5569 (15 фев 2014, 04:13) • Liberian Girl (15 фев 2014, 02:18) • MagicalLove (14 фев 2014, 23:26) • TAIS (14 фев 2014, 23:05)
Рейтинг: 36.36%
 
Аватара пользователя
offline

Trueamore
Благодарил (а): 6693 раз.
Поблагодарили: 7266 раз.

Re: На эстейт Майкла Джексона нацелилось налоговое управление

#10  Сообщение Mermaid » 15 фев 2014, 00:10

Вообще, конечно ситуация с этими налогами очень неоднозначная. Мне видится два варианта - Первый: Нужно прошерстить их законодательство, чтобы понимать при условии, что облагаемый налогом человек инсценировал свою смерть по причине угроз ( к примеру ), повлияет ли этот факт на что-нибудь. Облегчит ли ситуацию, или напротив-усугубит. Возможны какие-то послабления или поправки к закону в этом случае и тп.
Второй: Не зная их закона просто поразмыслить на уровне своих собственных ощущений и знаний в это области - и кажется мне, что нет никакой разницы-человека нет - налогами облагается его эстейт, человек возвратился - облагается налогом он сам. Так мне кажется. icon_idontknow
Если только здесь не примется во внимание тот факт, что он отсутствовал длительный срок и не имел возможности получить какие - либо источники дохода, но опять же -успешно и продуктивно работал его эстейт,что по сути одно и тоже.
Какие мысли в этом отношении у вас?

Показать ссылки поста



За это сообщение автора Mermaid поблагодарил:
franklin5569 (15 фев 2014, 04:13)
Рейтинг: 9.09%
 
Аватара пользователя
offline

Mermaid
Прогресс до нового звания:
8.6%
Благодарил (а): 543 раз.
Поблагодарили: 1127 раз.

След.

Вернуться в ТМЗ / TMZ