Michael Jackson’s Estate’s Battle With IRS Not Ex Wife’s Concern? Debbie Rowe Chills For A Night With Friends

Michael Jackson's estate's battle with the IRS is apparenty not the concern of the King of Pop's ex wife Debbie Rowe who was seen chilling with her close friends on Monday night.

Debbie Rowe, 55, was wearing a white shirt and denim pants as she was photographed in the exclusive community of Calabasas outside the Marmalade Café. She was all smiles and seemed really happy perhaps because she has reconnected with Paris, her daughter with Michael Jackson, according to MailOnline.

While she's having fun, Michael Jackson's estate is put on a spotlight after the IRS has taken its executors and the King of Pop's family for lying about the true value of his assets.

The taxman has informed the executors of Michael Jackson's estate that they owe the IRS $505 million in taxes along with $197 million in fines. The fines were a result of the fact that the estate's attorneys undervalued the King of Pop's worth to only $7 million.

It turned out that at the time of his death, Michael Jackson was actually worth $1.125 billion, according to the report by the L.A. Times.

In an interview with the Times, tax expert Andrew Katzenstein said there are a lot of gray areas when valuating the assets of dead celebrities. For example, how much is selling merchandise with his likeness or on television commercials worth? The estate puts it at $2,105 while the IRS crunches the numbers and came up with $434 million.

"This is something unusual," he said. "He was one of the premier entertainers of our time. So there are really no comparables, and it leaves the valuation question open to a huge range of possibilities."

"Do I think his likeness was worth $2,105? No. But was it worth $400 million?" he added.

In a report by MailOnline, citing tax court documents, Michael Jackson owned a 2001 Bentley Arnage and three Rolls-Royce which were worth $250,000 instead of the $91,600 reported by the estate.

Michael Jackson's estate also earned $160 million in October 2013, according to Forbes magazine.