IRS

Executors undervalued Prince’s estate by $80M, IRS claims as it demands millions more in taxes

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The ongoing controversy over the money left behind by Prince when he died without a will is heating up again after Internal Revenue Service calculations showed that executors of the rock star’s estate undervalued it by 50 per cent, or about $80million. The IRS determined that Prince’s estate is worth $163.2million, overshadowing the $82.3million valuation … Read more

‘Can you believe how f***ing stupid the IRS is?’ Trump mocked $10m tax refund, Michael Cohen claims

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Donald Trump’s disgraced former attorney Michael Cohen claimed last night that the president once brandished a $10 million tax refund check and yelled, ‘Can you believe how f***ing stupid the IRS is?’ Cohen tweeted that his new tell-all book ‘Disloyal’ had ‘been proven 100% TRUE’ after the New York Times reported that the president paid … Read more