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Beyonce's dad hit with $1.2 million tax bill

Posted By CAROLINE LEE, UPI.com   |   May 13, 2013 at 11:47 AM   |   Comments

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May 13 (UPI) -- Beyonce is one of the highest-grossing musicians of all time, and her father, Mathew Knowles, managed her career for several years.

Knowles, 61, earned a lot of money in those years -- and an IRS report shows that he owes more than $1 million in back taxes, according to TMZ.

The lien filed against Knowles reports that he owes $485,575.95 from 2010 and $728,004.89 from 2011. In that time, he managed both Beyonce's career and his own record label, among other projects.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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