Whitney Houston’s estate has struck a major deal with the IRS, just one month before the case was set to head to trial.
After the untimely death of the legendary songstress, the IRS said the estate had underreported Houston’s value by $22.6 million, The @blast reports.
However, the estate refuted the IRS’ claim, saying Houston’s royalties, residuals, and publicity rights were correctly valued at $11.7 million.
Eventually, the two parties came to an agreement, settling on the amount of $2,275,366 slashing the initial amount owed by nearly $9 million.
