Mike Smith Quoted in Star Tribune Article on IRS Dispute Regarding the Value of Prince's Estate
Mike Smith recently offered his insight in a Star Tribune article published on Sunday, January 3, 2021, regarding the Internal Revenue Service’s claim that the executors of Prince's estate undervalued the estate by 50% or $80 million. The undervaluation of assets by the estate's administrators, Comerica Bank & Trust, leaves the potential for an additional $32.4 million federal tax bill to be resolved creating a dispute that could prolong the probate proceedings.
To read the full Star Tribune article, click the link below.
IRS says Prince's estate undervalued by 50%, triggering another dispute in settlement.