Posted in: News, Rachet, Stars

IRS Drama! Matthew Knowles In Tax Trouble & Owes $1.2 Million

beyonce i am 4 221110

Move over Lauryn Hill, Wesley Snipes, and Damon Dash. You’ve got a new friend in the trifflin’ taxes club.

Mathew Knowles is on the IRS most wanted list after being slapped with a $1.2 million tax bill. Despite their professional split, Mr. Knowles is still racking in dollars from Bey’s earlier chart take over…but he’s never paid taxes on it!.  Now, Uncle Sam is calling and he wants his money. Based on the years 2010 ($485,575.95) and 2011 ($728,004.89), Mr. Knowles owes exactly $1,213,580.84.

With all of those Destiny Child hits and Beyonce’s solo success, he shouldn’t have a problem paying his bills, bills, bills.  Or is he?  Wouldn’t be the first time a rich person squandered their money on bad habits.

It’s been a bumpy ride for Mathew Knowles since he ended his business relationship with daughter Beyonce Knowles and his superstar group Destiny’s Child record their last album together.  Though Mr. Knowles’ Music World Entertainment group still carries some of the world’s top gospel acts on its rooster, the label hasn’t seen a great deal of success on the pop and R&B charts.

TELL US: Is Papa Knowles broke or did he just not pay his taxes? What do you think?

0 comments

Trackbacks

  1. […] daunting, but these tax issues seem to be cryptonite for celebrities these days. Lauryn Hill, Matthew Knowles, Lindsay Lohan, Wesley Snipes… […]