Aretha Franklin Reportedly Left Behind $8M In Debt

This week, TMZ reported that the late Aretha Franklin nonetheless owed $6.three million in again taxes courting from 2012 to 2018, along with $1.5 million in penalties. Since then, Franklin’s property has asserted that they’ve paid down not less than $three million this debt to the IRS because the Queen Soul’s passing

“We have a tax legal professional. All her returns have been filed,” mentioned Attorney David Bennet, a consultant Franklin’s property. “We have disputes with the IRS concerning what they declare was earnings. We declare its double-dipping earnings as a result of they do not perceive how the enterprise works.”

He went on so as to add that Franklin coated many bills when she toured, which raised purple flags with the IRS.

“She needed to pay for transportation, resort rooms, backup singers, musicians. When she did that the IRS was questioning the returns she filed,” Bennett mentioned. “We’re going by means of audits. Returns had been filed as well timed as we may get them filed.”

The IRS is just one entity trying to clear its books. Back in October, a former legal professional filed paperwork that request $54,000 in payments from 2012 whereas one other publishing firm is trying to obtain $163,000 in royalties for Franklin’s 1973 “Angel.”

In August, Aretha Franklin handed away in her hometown Detroit after an extended battle with pancreatic most cancers.