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Prince Owes $500K in Taxes

2007 NCLR ALMA Awards - Show
Singer Prince performs onstage during the 2007 NCLR ALMA Awards held at the Pasadena Civic Auditorium on June 1, 2007 in Pasadena, California. (Getty Images)more pics »Tax season is not looking too great for Prince, as the singer apparently has to come up with $506,000 to hand over to the government. Carver County tax records show the "Purple Rain" singer – real name Prince Rogers Nelson – and his companies PRN Music Corp. and Paisley Park Enterprises Inc. owe the combined sum in delinquent property taxes to the state of Minnesota for 2009.

Prince (Bauer Griffin) PRN Music Corp., which is based in the musician’s Paisley Park Studios in Chanhassen, which is located west of Minneapolis, alone owes more than $227,000 in taxes to the state and other government bodies.

Prince, 51, now has until April 21 to file an objection to the sum he and his businesses are alleged to owe, if he does not "a court judgment will be entered against the properties for the unpaid tax, penalty, interest, and costs”, according to local newspaper the Chaska Herald.

However, he has until now and May 2013 to pay off the sum until any forfeiture process could start against Prince's listed properties. According to Laurie Engelen, taxpayer services manager for Carver County, the pop legend was late in paying taxes on his studio in 2006 and 2008, and on a piece of land he owns in 2008, but eventually settled the matter.
 
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  • Prince in Singer Prince Leaving Yves Saint Laurent Show During Paris Fashion Week
  • Prince in Singer Prince Leaving Yves Saint Laurent Show During Paris Fashion Week
  • Prince in Singer Prince Leaving Yves Saint Laurent Show During Paris Fashion Week
  • Prince in Singer Prince Leaving Yves Saint Laurent Show During Paris Fashion Week
  • Prince in Singer Prince Leaving Yves Saint Laurent Show During Paris Fashion Week
  • Prince in Singer Prince Leaving Yves Saint Laurent Show During Paris Fashion Week
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