IRS is chasing $3m from Aretha Franklin Estate - Noise11.com
Aretha Franklin in the 60s

Aretha Franklin in the 60s

IRS is chasing $3m from Aretha Franklin Estate

by Paul Cashmere on December 29, 2018

in News

The Estate of the late Aretha Franklin owes more than $3 million to the IRS and the IRS isn’t going to let it go.

The Detroit News has reported that the Aretha Franklin Estate owed the IRS $6.3 million when she died. $3 million has since been repaid with a further $3.3 million owing.

In a statement to the Detroit News, Aretha’s publicist Gwendolyn Quinn released at statement from estate attorney David Bennett saying, “The IRS has filed its proof of claim in the ordinary course of the estate proceeding. This is not a liquidated claim, and it is disputed by the estate. The vast majority of Ms. Franklin’s personal 1040 tax obligations were paid prior to her death — something she wished to occur. The estate is diligently working to resolve any remaining issues.”

Aretha Franklin amassed an estimated $80 million fortune but did not leave a will. Her estate will continue to generate revenue from future music sales, streaming and licencing of her catalogue dating back to the early 60s.

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