Jacko Pays His Taxes And Other Rumors

LOS ANGELES (CelebrityAccess MediaWire) — Michael Jackson has made good on the lien resulting from state tax obligations on his nigh deserted Neverland Ranch in Los Olivos, Fox has reported.

According to the report, Santa Barbara county tax records showed that the singer owed just over 600,000 in taxes, penalties and fees.

He is still in default on $23 million in loans he's taken out against the property from Fortress Investments, a private equity and hedge fund and the firm is entitled to start foreclosure proceedings at any time. Some sources have said that he may have arranged for an extension, possibly with the help of billionaire supermarket mogul Ron Burkle.

Burkle's name has popped up in a number of unusual places, including ties through his security chief with indicted celeb P.I. Anthony Pellicano and as a fund raiser and financial supporter of Democratic hopeful Hillary Rodham Clinton and a Al Gore's Current TV – oh the tangled webs we weave.

As for Jacko, his appearance at the Grammys this week is yet a matter of some speculation. He is reportedly not prepared to perform but word is that he may be ackowledged for the 25th anniversary of "Thriller." – CelebrityAccess Staff Writers

Related Post