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Matthew Knowles Hit with $1.2M Tax Bill

matthewknowles-2

Beyonce’s father, Matthew Knowles, is in a bit of hot water with the IRS.

The IRS says he owes over $1.2 million in taxes over income he accumulated over the years.

Uncle Sam filed a large lien against Knowles, claiming he needs to pay back the taxes on the  years 2010 ($485,575.95) and 2011 ($728,004.89), which is a total of $1,213,580.84.

No word on when Knowles will hand over the cash, but with the years he spent managing Destiny’s Child and his daughter, paying back the money should not be an issue.

Read more: www.tmz.com
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Posted on May 14, 2013, in ENTERTAINMENT NEWS and tagged , , , , , , . Bookmark the permalink. Leave a comment.

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