Beyoncé’s Dad Hit With Huge Tax Bill

Beyoncé’s dad was hit with a huge tax bill this week.

According to TMZ, Mathew Knowles owes the IRS about $1.2 million. Knowles made most of his money managing his daughter’s career but he apparently forgot to pay the IRS taxes on his income.

The IRS hit Beyonce’s dad with a $1.2 million tax bill this week, saying that he owes $485,575.95 from 2010 and $728,004.89 from 2011. In total, Knowles owes Uncle Sam $1,213,580.84.

Knowles managed his daughter’s career during 2010 and 2011 and helped the singer launch a world tour, a fourth studio album, and a DVD. Beyonce ended up firing her dad in 2011.

Beyonce said in the Life Is But A Dream documentary: “I’m feeling so very empty because of the relationship with my dad. And I’m so fragile at this point and I feel like my soul has been tarnished.”

Mathew Knowles said that he was also hurt when the business relationship ended.

Knowles said:“This was not a normal ending of a business agreement… This was a dad and a daughter and it was incredibly painful and it had some difficulties. But I try to always have a positive mind about things.”

Mathew Knowles made millions managing his daughter’s career but now he’s got “Bills, bills, bills.”