It's finally done!
The stated reason for the divorce? "Irreconcilable differences."
Kris and Bruce will share joint custody over Kylie Jenner, but neither will receive spousal support.
It’s like the dramz never ends for this family!
The IRS has been very busy making sure that Michael Jackson’s estate pays them what they’re owed, and they found a lot of missing cash!
Reportedly, MJ’s estate owes $505 million in back taxes, but because they weren’t paid, they also owe penalties of $197 million!
How in the world did they miss that much moolah?!
When the King of Pop passed away, his executors said his net worth was around $7 million. It turns out, that with all of MJ’s assets, like owning part of the Beatles catalogue, he was worth around $1.125 billion, with a B!
Since the numbers were so different, the IRS doubled their 20 percent underpayment fee for a gross valuation misstatement.
For example, MJ’s people said that his likeness was only worth $2,105, which is pretty ridiculous when you think of all of the clothes his face is on! The IRS pinned the number at something more like $434.264 million.
In just 2013, after he was already gone, Forbes said that Michael earned more than any other celeb, whether alive or not, at $160 million!
It seems like the numbers on just about everything were fudged!
Even Michael’s cars — two Bentleys and a Rolls Royce — were valued at $91,600, instead of the $250,000 the IRS decided they were worth.
We all know that the IRS loves getting their ca$$$h, but how in the world did someone come up with such different numbers and think no one would notice?!