Beyoncé and Solange’s father is in major tax trouble!

According to TMZ, Mathew Knowles owes the IRS over $1.2 million for the years of 2010 and 2011. Reportedly, he owes $485,575.95 from 2010 and $728,004.89 from 2011.

In 2011, Knowles stopped managing Beyoncé’s career but he still earns plenty of money off of the years he did manage her and Destiny’s Child’s careers, so he shouldn’t be hurting for cash!

Plus, Knowles runs a mildly successful record label Music World Entertainment that boasts some of today’s hottest Gospel artists but struggles on the Pop and R&B end.

A representative for Knowles has not commented on the story.

Do you think Beyoncé is going to loan her dad the $1,213,580.84? She is the other half of Pop’s first billion dollar couple.

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