<P> On July 26, 2013, the executors of the Estate of Michael Jackson filed a petition in the United States Tax Court as a result of a dispute with the Internal Revenue Service (IRS) over U.S. federal estate taxes imposed on the value of Jackson's Estate at the time of his death . The executors claim that the Estate was worth about $7 million . The IRS asserts that the Estate was worth over $1.1 billion, and that over $700 million in federal estate taxes (including penalties) are due . A trial was held from February 6 to 24, 2017 . As of early July 2017, no decision has been rendered . </P> <P> In 2016, Forbes magazine estimated annual gross earnings by the Jackson Estate at $825 million, the largest ever recorded for a celebrity . The majority was due to the sale of the Sony / ATV catalog . It marked the eighth consecutive year since his death where Jackson's annual earnings were over $100 million . </P> <Table> <Tr> <Th> Year </Th> <Th> Earnings </Th> <Th> Source </Th> </Tr> <Tr> <Td> </Td> <Td> (USD 275,000,000) </Td> <Td> </Td> </Tr> <Tr> <Td> 2011 </Td> <Td> (USD 170,000,000) </Td> <Td> </Td> </Tr> <Tr> <Td> 2012 </Td> <Td> (USD 145,000,000) </Td> <Td> </Td> </Tr> <Tr> <Td> 2013 </Td> <Td> (USD 160,000,000) </Td> <Td> </Td> </Tr> <Tr> <Td> 2014 </Td> <Td> (USD 140,000,000) </Td> <Td> </Td> </Tr> <Tr> <Td> 2015 </Td> <Td> (USD 115,000,000) </Td> <Td> </Td> </Tr> <Tr> <Td> 2016 </Td> <Td> (USD 825,000,000) </Td> <Td> </Td> </Tr> </Table> <Tr> <Th> Year </Th> <Th> Earnings </Th> <Th> Source </Th> </Tr>

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