- Front Porch
(AP) Five years after Michael Jackson’s death, his estate continues to earn tens of millions of dollars a year and has resolved most claims filed against it by creditors. But some are still seeking a share of the pop superstar’s wealth.
The IRS is seeking more than $700 million from Jackson’s estate, which includes taxes it contends are owed, plus penalties.
The dispute arises over a difference in valuations of Jackson’s assets when he died. The singer had borrowed heavily against his half share of the Sony-ATV music catalog, and hadn’t toured or had an endorsement deal in years.
The IRS says Jackson’s image was still worth millions, as were other assets, while the estate points to his debts and an image tarnished by child molestation allegations as reasons supporting lower tax valuations.
• • •
Choreographer Wade Robson testified in Jackson’s defense at the singer’s 2005 child molestation trial, vehemently denying the singer ever touched him inappropriately.
Last year, Robson sued Jackson’s estate for what his attorneys described as molestation that spanned a seven-year period. Robson met Jackson when he was 5 and spent the night at Neverland Ranch more than 20 times, sleeping in the singer’s bedroom on most visits, he told jurors during the trial, which ended with the singer’s acquittal.
The merits of Robson’s claim against the estate haven’t yet been argued and his attorneys haven’t said how much they are seeking.
• • •
Tohme Tohme served as Jackson’s personal manager in 2008 and early 2009 but was fired during preparations for the ill-fated “This Is It” concerts.
He worked with Jackson’s estate in its first months in 2009 and returned $5.5 million to the estate that he said he was holding to purchase a “dream home” for the singer.
Tohme sued in February 2012, seeking a 15 percent share of the estate for his role in reviving Jackson’s career.
Jackson’s estate is seeking to block any payments to Tohme, and the two sides have been battling over records and potential evidence.
Tony Bennett dines in downtown Wallingford before concert at the …
WALLINGFORD — Legendary singer Tony Bennett dined at a downtown restaurant Monday night before taking the stage with Lady Gaga. Bennett and Gaga were scheduled … more ...
FBI agents investigating Wallingford accounting firm …
WALLINGFORD — The FBI seized documents Tuesday from a South Elm Street accounting firm as part of an ongoing fraud investigation, according to authorities. Business … more ...
Car crashes into Meriden gym causing heavy damage to pillar …
MERIDEN — One woman was hospitalized with minor injuries after her car crashed into the front of a South Broad Street gym Wednesday morning, causing … more ...
City man accused of molesting two children for years …
MERIDEN — A city man is accused of molesting two children repeatedly over the course of several years. Antonio Montesdeoca, 22, of 154 Bunker Ave., … more ...
6 Things to know about the impact on Wallingford of …
WALLINGFORD — The local impact of Bristol-Myers Squibb’s decision to close its Research Parkway facility in 2018 will likely be profound and varied. Here are … more ...