Father of Beyonce slapped with $1.2 Million tax bill

  Mathew Knowles is on the IRS most wanted list after being slapped with a $1.2 million tax bill. It’s been a bumpy ride for Mathew Knowles since he ended his business relationship with daughter Beyonce Knowles and his superstar group Destiny’s Child record their last album together.  Though Mr. Knowles’ Music World Entertainment group still carries some of the world’s top gospel acts on its rooster, the label hasn’t seen a great deal of success on the pop and R&B charts.

Despite his chart absence, Mr. Knowles is still racking in dollars from Bey’s earlier chart take over…but he’s never paid taxes on it!.  Now, Uncle Sam has come calling and he wants his money. Based on the years 2010 ($485,575.95) and 2011 ($728,004.89), Mr. Knowles owes $1,213,580.84 dollars.
We’re sure he’s not hurting for money so he shouldn’t have a problem paying his bills, bills, bills.  Or is he?  Wouldn’t be the first time a rich person squandered their money on bad habits.  Plus, he’s got a new mouth to feed thanks to him knocking up his mistress.