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Is Blue Ivy’s grandpa going to have to spend some time in the whoscow??

IRS Files $1.2 Million Tax Lien Against Matthew Knowles

According to TMZ reports:

The Good News: Beyonce’s dad, Mathew Knowles, raked in BOATLOADS of cash during the years he managed B’s career … we’re talkin’ millions.

The Bad News: The IRS says he still owes all sorts of taxes on some of that income — over $1.2 MILLION.

Uncle Sam just filed a ridiculously large lien against Knowles, claiming he needs to cough up some cash from the years 2010 ($485,575.95) and 2011 ($728,004.89) … all totaled, $1,213,580.84.

It’s no wonder the bill is so high … Beyonce is arguably one of the highest grossing musical talents OF ALL TIME — and during the years 2010 and part of 2011 MK was still managing her career. Not to mention his slew of other projects, including his own record label.

Only thing we can say for ol’ Matty is that he shouldn’t have half the trouble Lauryn had coming up with the money he owes. Even if he doesn’t have it, Bey and Jay wouldn’t just leave him a$$ed-out like Kobe Bryant does his parents…would they??

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