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Prince Failed to Comply With IRS Summons Over Taxes, U.S. Says

The Internal Revenue Service said Prince Rogers Nelson, known as the recording artist Prince, failed to comply with a summons issued on behalf of French tax authorities.

The IRS asked the pop singer to appear in response to a request from its French counterpart “to examine the French income tax liability of Mr. Prince Rogers Nelson for tax years 2009 and 2010,” according to the documents filed yesterday in federal court in Minneapolis.

Nelson hasn’t responded, the IRS said. The petition asks the court to enforce the summons. A hearing on the matter is scheduled for Oct. 18 before U.S. District Judge David S. Doty.

The French government lodged its request in July 2011 in a letter listing several concerts it believed Prince had played in France during the two years at question and asking for additional documentation about the relationship between the artist and the production and recording company Paisley Park Enterprises.

Peter Gleekel, an attorney who has represented Prince, didn’t immediately respond to a phone call seeking comment on the summons. A second attorney, Traci Bransford, couldn’t be reached because her phone was disconnected.

Dan Applegate, an IRS lawyer, declined to comment.

The case is U.S.A. v. Nelson, 12-mc-00071, U.S. District Court, District of Minnesota (Minneapolis).

To contact the reporter on this story: Beth Hawkins in Minneapolis at Hawkins@visi.com

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Personal Finance Best Sellers From Amazon

Key Rates

  • Mortgage
  • Home Equity
  • Savings
  • Auto
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Today’s national average mortgage rates. Rates may include points.
Type Today 1 Mo
30 Year Fixed Jumbo 4.35% 3.99%
30 Year Fixed 4.05% 3.66%
15 Year Fixed 3.15% 2.79%
10 Year Fixed 3.08% 2.89%
30 Year Fixed Refi 4.04% 3.64%
15 Year Fixed Refi 3.14% 2.79%
5/1 ARM 2.87% 2.59%
5/1 ARM Refi 2.86% 2.60%
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Source: Bankrate.com

Today’s average home equity rates nationwide.
Type Today 1 Mo
$30K HELOC 5.34% 5.34%
$50K HELOC 4.55% 4.56%
$75K HELOC 4.52% 4.57%
$100K HELOC 4.23% 4.27%
$30K Home Equity Loan 5.95% 5.97%
$50K Home Equity Loan 5.97% 6.01%
$75K Home Equity Loan 5.91% 5.97%
$100K Home Equity Loan 5.78% 5.84%
View rates in your area »

Source: Bankrate.com

Today’s average savings rates nationwide.
Type Today 1 Mo
5 Year CD 1.24% 1.23%
2 Year CD 0.70% 0.70%
1 Year CD 0.56% 0.57%
MMA $10K+ 0.46% 0.47%
MMA $50K+ 0.68% 0.69%
MMA Savings Jumbo 0.58% 0.59%
View rates in your area »

Source: Bankrate.com

Today’s average auto loan rates nationwide.
Type Today 1 Mo
60 Months Used Car 2.72% 2.98%
48 Months Used Car 2.70% 2.93%
36 Months Used Car 2.76% 2.89%
72 Months New Car 2.50% 2.43%
60 Months New Car 2.66% 2.54%
48 Months New Car 2.58% 2.45%
60 Months Auto Refi 4.00% 4.15%
36 Months Auto Refi 3.57% 3.61%
View rates in your area »

Source: Bankrate.com

Today’s average credit card rates nationwide.
Type Today 1 Mo
Standard Variable 14.12% 14.12%
Standard Fixed 13.23% 13.23%
Gold Variable 12.70% 12.70%
Gold Fixed 11.99% 11.99%
Platinum Variable 15.55% 15.53%
Platinum Fixed 12.70% 12.70%
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Source: Bankrate.com