Meghan Markle’s taxman troubles: US authorities closing in on royal cash secrets
The countdown is officially on to the royal wedding, but with less than three months to go before Prince Harry and Meghan Markle finally tie the knot there’s another important date looming for the royal couple – April 17.
That’s when Meghan’s tax return is due as a US citizen, even though she no longer lives in the United States, and the Internal Revenue Service is reportedly licking its fingers at the prospect of being able to peek behind the velvet curtain that is the royal family’s finances.
Meghan will have to declare any earnings from Suits, but in addition to that any money she receives from the royal family (for instance, if Prince Harry gave her an allowance), any joint accounts and gifts worth a total of more than $100,000.
US tax specialist Alistair Bambridge, of Bambridge Accountants, told DailyMail.com, “'Of course this raises the tantalizing prospect of Uncle Sam getting a look behind the velvet curtain - and seeing the private finances of the Royal Family.
“Each year she must file her tax return and pay any tax she owes to Washington.
“The US income tax system is citizenship-based, so as an American it doesn't matter where in the world you live and work - your tax affairs are always Uncle Sam's business.”
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