Beyonce’s dad and former manager, Matthew Knowles reportedly owes the IRS $1.2 million in back taxes for the last two years of managing his pop star daughter.
According to TMZ, Matthew owes $485,575.95 for 2010 and $728,004.89 for 2011…totaling, $1,213,580.84.
The site also reports: “It’s no wonder the bill is so high… Beyonce is arguably one of the highest grossing musical talents of all time. And during the last two years of managing her career, he had a slew of other projects, including his own record label.”
And to have a million dollar tax debt, that means you’re pretty rich!