TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Beatles Guru

Taxman Was Right

MJ Collection Worth a Fortune!

2/9/2014 7:20 AM PST BY TMZ STAFF
EXCLUSIVE

0208-jackson-beatles

The Michael Jackson Estate is insane for trying to value MJ's Beatles collection at ZERO for tax purposes ... so says one of the most prominent Beatles experts in the world ... who also happens to be a tax attorney.

The Estate is in a dogfight with the IRS ... which claims MJs people stiffed the government on more than a half a BILLION dollars in taxes by undervaluing assets ... including MJs interest in songs by MJ and the Beatles.  The Estate says the asset is worth NOTHING.  The IRS says the Estate should have declared a value of $469 million.

Beatles guru and attorney Bruce Spizer tells TMZ, "No one could value that collection at zero with a straight face."  Spizer, who has written 8 books about the group that changed the world 50 years ago tonight on "The Ed Sullivan Show," says the IRS may have "slightly inflated" the value of the catalog, but believes it's definitely worth minimum $300 million and could be as much as $400 million.

Spizer says, "For the Estate to list the value at zero, they lose all credibility."

Reps for the MJ Estate tell TMZ, they dispute the entire IRS analysis of MJs assets.  The reps say they used nationally-recognized experts to determine value while the IRS wallows in speculation.

The reps say the Estate paid more than $100 mil in taxes and fully complied with the law.

83 COMMENTS

No Avatar
1.

NOT ELMO    

Beatles Guru -- Taxman Was Right ... Michael Jackson Collection Worth a Fortune!............I WANT TO HOLD YOUR HAND -------- http://www.youtube.com/watch?v=3MHkgwA8t-g

255 days ago
2.

Woot    

The Michael Jackson Estate is insane WHETHER OR NOT it tries to value MJ's Beatles collection at zero.

255 days ago
3.

Toilethead    

I hope they put whoever tried to cheat the IRS in prison.

255 days ago
4.

Youphemism    

Tell the MJ estate folks I'll take those worthless Beatles songs off their hands for fifty bucks, cash.

255 days ago
5.

pazetozede    

I buy almost everything except food and clothing from online auctions most people aren’t aware of the almost unbelievable deals that they can get from online auction sites the site that has the best deals is http://saveblast.com

I checked with the BBB and was told that it is all legit. How they can sell gift cards, laptops, cameras, and all kinds of goodies that we all want for 50-90% off, I don’t know
I do know that I bought my son an ipad there for less than $100 and my husband a $250 Low gift
cards for 48Why would I even think about shopping anyþlace else?

255 days ago
6.

BLUE UGLY 💩    

So what

255 days ago
7.

Clyde T.M. Nestra    

Even a civilian like myself finds it ludicrous to claim MJ's image was worth thousands, and the catalogue worth nothing. But I must say it will be interesting to hear the trustees explanation. Anything would be more interesting than the family's desperate attempts to squeeze money out if the estate and that promotion company...and anyone else they can think of to sue.

255 days ago
8.

HATES SO CALLED CELEBS    

If we thought the Jackson family was nuts wait until his ADOPTED White kids find out there's no cash ! They're gonna each write "tell all" books !!! Get Ready

255 days ago
9.

Brian    

I just found an article from 1995 talking about how Michael Jackson sold Beatles songs to Sony. He also had Elvis and Little Richard songs. I guess he bought up a lot of them. They combined their collections and created one big one. The article said it would be worth $500 million. I'm sure it was way over that when Michael Jackson died. I can't believe whoever the executors were listed the value as $0. That was moronic.

255 days ago
10.

Hot Dumb Italian Mike    

Actually, by now the Beatles catalogue should be worth almost a billion. The reason they split was because of the bad financial planning done after Brian Epstein committed suicide. If Epstein had lived they would have lasted much longer!

255 days ago
11.

mj fan forever    

This moron is a NOBODY to say what the Estate valued or not because he was NO way involved and knows absolutely NOTHING of course expert my ass!!! The Estate reps are so right indeed, NO doubt they always did EVERYTHING in the respect of the law, always proven by legal docs, but obviously the IRS can't resist from trying to put its hands on Michael Jackson's money as always happened, so set up a money-grabbing attempt that will be rejected and so rightfully!!! Really anything for money!!!

255 days ago
12.

International Pedophile Awareness Day June 25    

✫✫✫✫ iPad Prayer✫✫✫✫


-Oh Heavenly Father,


As We Gather On This Happy & Joyous
Sunday We Thank Thee, For Removing A
Sick Pedophile From This Earth


We Thank Thee, Oh Lord That The Children Of
The World Are Now Safe From The
Evil Pedophile Known As Michael Jackson


We Thank Thee, Oh Lord For Delivering
This Tortured Soul Unto The Gates Of
Hell, That He May Dwell Therein For All
Eternity, For All The Innocent Souls Of
The Children That Were Abused By This
Evil Serpent


We Pray & Ask Thee, Oh Heavenly Father
That On This Day, The Children That Were
Victims Of Abuse, Be Blessed, That They
Can Forgive & Forget The Horrible Acts
Committed Unto Them By Michael Jackson
Epically Wade Robson,Who Suffered
Greatly At The Hands Of The Evil Demon


We Ask Thee, Oh Heavenly Father, That The
Sinful Evil, Greedy Jacksons, That Care More
About Money & How To Acquire More And
Can Ever Have Enough Of It,Who Have Never
Shed A Tear Over All The Molesting That Their
Son,Michael Jackson Committed Against Innocent
Children Soon Join Him In Eternal Damnation
In The Hottest Fires In Hell For All Eternity


We Thank Thee, Oh Heavenly Father
For Releasing Our Brave Doctor From His Jail Cell,
Doctor Conrad Murray Who Suffered Horribly Because
Of A Drug Addicted Pedophile,Who Wouldn't Take
"No" For An Answer,A Drug Addicted Pedophile That Ruined So Many Lives.
We Ask Thee, Oh Heavenly Father,That You
Bless This Great Man & Guide Him In His Quest To
Regain His Medical License That Was Wrongly
Denied Him,To Guide His Hand As He Writes His Book That Will Expose The Evil Michael
Jackson For The True Monster That He Was.

We Ask Thee, Oh Heavenly Father, That The
Rabid Fans, Repent For Their Sins Of Supporting
Such A Evil Pedophile, That Their Eyes Be Opened
To The Truth & Receive knowledge Of The Good
And Repent The Bad


"Father, Forgive Them, For They Know Not What They Do"


And We Say This In The Name Of The Son, The Father & The Holy Ghost


~ Amen~

255 days ago
13.

billybob    

And think about that: for the Estates, a dead Michael is FAR MORE worth than a living one!

255 days ago
14.

HumanNature    

TAX GURU


MJ WAS HEAVY IN "DEBT" AT THE TIME OF HIS DEATH!!!!!


FURTHERMORE, THE BEATLES CATALOG WAS USED AS COLLATERAL IN THAT DEBT!!!!!!

255 days ago
15.

HumanNature    

TMZ


LOOK LIKE THE EDUCATED "QUACK" CAN'T GET THE FOLLOWING:


NO REALITY SHOW


NO BOOK DEAL


AND DEFINITELY NO MEDICAL LICENSE FOR THAT BIG "DUMMY"!!!!!

255 days ago
| 1 | 2 | 3 | 4 | Most Recent | Next 15 Comments

Around The Web