Monday, January 11, 2021

IRS: Executors Undervalued Prince’s Estate By $80 Million

 

IRS: Executors Undervalued Prince’s Estate By $80 Million

The IRS determined that Prince’s estate is worth $163.2m, overshadowing the $82.3m valuation submitted by Comerica Bank & Trust, the estate’s administrator. The discrepancy primarily involves Prince’s music publishing and recording interests, according to court documents. – The Guardian

 

 

Tech Crunch: A review of an unprecedented and historical week for the tech industry: “After years of placid admonishments, the tech world came out in force against President Trump this past week following the violent assault of the U.S. Capitol building in Washington D.C. on Wednesday. From Twitter to PayPal, more than a dozen companies have placed unprecedented restrictions or outright banned the current occupant of the White House from using their services, and in some cases, some of his associates and supporters as well. The news was voluminous and continuous for the past few days, so here’s a recap of who took action when, and what might happen next…”

 

Sunday, January 10, 2021 (WASHINGTON, DC) – “Today, Mayor Muriel Bowser released her letter to U.S. Department of Homeland Security Acting Secretary Chad Wolf regarding inauguration preparations. The full letter is below.

Dear Acting Secretary Wolf: Following the unprecedented terrorist attack on the United States Capitol on Wednesday, January 6, 2021, and the continued threat of related violence in the District of Columbia, we are extremely concerned about the upcoming National Special Security Event (NSSE) led by the United States Secret Service. We believe strongly that the 59th Presidential Inauguration on January 20 will require a very different approach than previous inaugurations given the chaos, injury, and death experienced at the United States Capitol during the insurrection. While I will be reaching out to a broad range of local, regional, and federal partners to enhance cooperation among our bodies, I strongly urge the United States Department of Homeland Security to adjust its approach to the Inauguration in several specific ways…”