Feb. 9 (UPI) -- The Internal Revenue Service said the executors of Michael Jackson's estate undervalued his net worth by hundreds of millions of dollars and say the estate owes more than $702 million in taxes and penalties.
Documents filed with the U.S. Tax Court by Jackson's executors at the time of his 2009 death indicate he was worth more than $7 million, but the IRS says he's worth more. Much more.