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Prince estate owes another $32m in tax after being undervalued by half, US officials say

The late musician’s property, money and possessions were worth $80m more than administrator’s estimated, the IRS suggests The estate of pop star Prince owes another $32.4 million (£23.7m) in taxes after his executors undervalued it by around 50%, US officials say. The Internal Revenue Service (IRS) believes the singer-songwriter was worth $163.2 m (£119.3m) when Read More…