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Michael Jackson's estate wins battle against IRS for inflating the late pop star's worth by $371m

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www.dailymail.co.uk

A U.S. tax court has handed a major victory to the estate of Michael Jackson in a years-long battle.A judge found that the IRS wildly inflated the value of Jackson's assets and image at the time of his death, leading to an estate tax bill for his heirs that was far too high.The IRS had put the value of three disputed aspects of Jackson's worth at the time of his 2009 death at about $482 million.But in his decision issued Monday, Judge Mark Holmes put that figure at $111 million, far closer to the estate's own estimates.

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