Executors undervalued Prince’s estate by $80m, IRS says

  • IRS believes Prince’s estate owes another $32.4m in federal tax
  • Star’s death in 2016 created complicated court proceeding

The controversy over the money left behind by Prince when he died without a will is heating up again after Internal Revenue Service calculations showed that executors of the rock star’s estate undervalued it by 50%, or about $80m.

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