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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
46.

jenlolo    

We the 99% have to pay everysingle penny in taxes mean while millionaires avoid to pay at all cost ... This is the land of the freedom where people do whatever they want as long as they are the 1% start paying what you own rich people you only take factories to third world countries and then said that they help Americans and expect us to kiss their buttholes ... Pay your damn taxes

255 days ago
47.

kar906362    

The beatles were dead and gone along time ago. Hardly anyone remembers who they are or even cares for that matter. The value of the beatles has went way down.

254 days ago
48.

Marvin    

if last 2 would jsut die, all five would be out of our hair.

254 days ago
49.

MichaelPureSoul    

Pathetic part of TMZ are the comments, too many ignorant fools and low-life s*** that have no life comment here as a hobby.

253 days ago
50.

Diana    

if the funds generated by the catalog are tied up in the fact that MJ used them as collateral many times over, the money may not in fact be going to the estate but paying off those loans still. in this case would it be correct to say that the estate may indeed be earning ZERO funds from it?

242 days ago
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