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Anna Nicole Smith's Daughter Is Growing Up So Fast!

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She's gorgeous!!!!

Dannielynn Birkhead, the young daughter of the late Anna Nicole Smith, made her annual debut with father Larry Birkhead at the 138th Kentucky Derby on Saturday.

And doesn't she look lovely in her spring yellow dress and matching headband! So cute!

Being a Kentucky native himself, Larry has had a history with the Derby. He actually met Anna Nicole at a Derby after-party back in 2004.

And now, it's become somewhat of an annual tradition for him to bring their beautiful blonde daughter to the event.

Dannielynn is now 5 years old and is growing up to be an absolutely breathtaking young lady. Naturally, she's a spitting image of her beautiful mom and handsome dad, who has chosen to keep her out of the spotlight since he gained custody of her.

It seems like he's done a wonderful job raising Dannielynn. Not only does she look healthy and happy, but she seems to love him more than ever.

This makes us feel so warm and fuzzy!

Keep doing what you're doing, Larry.

[Image via Getty Images.]

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Anna Nicole Smith STILL Owes The IRS Almost $300K!

Anna Nicole Smith owes tax money

Anna Nicole Smith tragically passed away in 2007, but that's not stopping the IRS from going after her for back taxes!

The troubled star who died from a drug overdose reportedly owes the Internal Revenue Service $289,123.48!

The government organization has filed several liens against her estate since the year 2000, but say:

"No part of said debt has been paid, and the same is now due and payable in the office of the District Director of Internal Revenue…Said debt has priority must be paid in full advance of distribution to creditors as and to the extent provided by laws."

Uncle Sam is basically taking candy from a baby because Anna's daughter Danielynn, who is being raised by Larry Birkhead, is the sole heir to the estate.

Hopefully they sort this mess out so and there is at least enough money left to pay for Danielynn's college education!

[Image via WENN.]

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Larry Birkhead Auctioning Off Anna Nicole's Dresses & More!

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Anna Nicole's baby daddy, Larry Birkhead has decided to put her items on the auction block to raise money for their daughter Dannielynn's future.

Larry explains his decision, saying:

"It's like, do I want to hold on to one of Anna's dresses, or do I want to try to help Dannielynn's future? Dannielynn has different needs than other kids. She has to have security because we have a lot of curious people and it creates a bit of a problem. And now that she's starting school, she'll need to go to a private school."

Some of the items up for grabs include many of Anna's dresses, furniture, Marilyn Monroe memorabilia, as well as her own paintings.

Birkhead adds:

"I have come to the realization that you don't have to have something in your hands for it to be a memory. I think Anna would appreciate that these items are going to help Dannielynn thrive and flourish and continue being the great kid that she is."

He makes a very good point. And it's great to see that he's looking out for their daughter.

Larry has made some exceptions with where certain proceeds will go.

Money collected from a dress Anna wore in a PETA ad will go to the animal rights group. He also plans to set aside a certain amount of the proceeds that will be donated to Anna Nicole and Daniel Wayne Smith Foundation.

If you're wanting to take part in the auction, it'll all be going down on June 26th at Planet Hollywood in Las Vegas.

[Image courtesy of Julien's Auctions.]

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Anna Nicole's Kentucky Derby Dresses To Be On Display

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The dresses that the late Anna Nicole Smith once wore to the Kentucky Derby will be on temporary display at the Kentucky Derby Museum courtesy of Larry Birkhead, who is originally from Louisville.

The museum is scheduled to reopen on April 18 after floods caused the museum to close for renovations last August.

We hate to speak ill of the dead, but that pink one is atrocious!

[Image via Getty Images.]

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