Thursday, March 25, 2010

Prince & The Taxman

It looks like another celebrity may be in trouble with the IRS. According to Carver County, Minnesota famed musical artist Prince is delinquent on his state tax liabilities. As this Associated Press article explains Price’s business (PRN Music Corp.) owes over $227,000 to local tax agencies, on top of his personal tax obligations.

PRN Music houses Prince's Paisley Park Studios in Chanhassen. County records list several other properties under his full name, Prince R. Nelson, as delinquent.

County taxpayer services manager Laurie Engelen estimates PRN Music and Prince's other properties owe about $450,000 in taxes.

PRN and Prince's studios don't have listed phone numbers. A talent agency that has represented Prince didn't immediately respond to e-mail seeking comment.

The delinquency list was published last week in the Chaska Herald.

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