Michael Jackson's Children Can 'Lose Everything' to Debt and Uncle Sam

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MICHAEL Jackson's estate is being chased by US tax authorities for £555m, battering the inheritances of the late king of pop's children.

Prince, 17, Paris, 17 and Blanket, 14, reportedly do not have access to their trust funds until the age of 30, but insiders have claimed that by that time there could be nothing left of the £900m left to them.

This is because the music icon is believed to owe more than £300m in additional debts which are yet to be cleared.

“On paper the kids are billionaires thanks to these massive sums. But the truth is those sums will barely be in their accounts for any time as they have this huge tax bill to settle," a source told The Sun.

Lil Wayne Owes Uncle Sam Up To $868k in Tax

Lil Wayne's got more lien problems ... this time it involves his 2014 tax bill.

Uncle Sam says he did not pay $868,000 in federal taxes that year, according to docs. 

It's a ton of dough, to most of us, but as tax liens go ... 

Weezy's seen bigger. He was previously hit with a $12 million lien for several years of unpaid taxes.

Lauryn Hill Now In Prison!

Lauryn Hill has reported to federal prison in Danbury, Connecticut.

The 38-year-old singer will be there at least a few months, having earned a three-month sentence for tax evasion following a guilty plea earlier this year.

Hill is being held in a minimum-security facility where inmates live in barracks type housing, She will be housed with the general population.

Hill admits failing to file tax returns on more than $1.8 million she earned from 2005-2007, but has gone off on various Tumblr rants on the subject.

Seriously. "Rants" may not do justice to a woman who plays the victim like no other. Follow the link to read Lauryn Hill's manifesto on racism, the IRS and slavery.