IRS Files Claim Against Estate of Anna Nicole Smith

Anna Nicole Smith was obviously no stranger to controversy when she was alive and the same holds true in her death.

On April 16, 2012, the IRS filed a creditor's claim in the Superior Court of California, County of Los Angeles against her estate. Notification has been issued to Howard K. Stern, the executor of the estate. Her minor daughter, Danielynn, is sole heir.

The IRS alleges that they are owed almost $300,000 in back taxes. Even though the IRS has placed several liens on her estate since the year 2000, according to the court documents they are still owed taxes for the following periods and amounts:

1.31.2008 - $140,513.30
12.31.2003 - $94,266.15
12.31.1994 - $4,835.63

For a total of $239,615.08, plus $49,508.40 in accrued interest. That brings the current total amount due to $289,123.48. Interest will continue to accrue after Sept. 30, 2012.

Also, according to the claim, no part of the debt has been paid and is now due and payable and also has priority over all other creditors. There have been no counter claims to the debt.

With a professional and responsible Estate Administration Attorney, you can be assured that estate taxes will be paid in accordance to the law. Hopefully avoiding unnecessary costs to your heirs due to interest and penalties as we see in the case of Anna Nicole Smith.

*This blog entry was not written by an Attorney and should not be constituted as professional legal advice.

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