Beyonce's Dad Mathew Knowles Slapped With $1.2 Million Tax Bill

Beyonce's Dad Owes How Much?!
LONDON - JANUARY 21: (UK TABLOID NEWSPAPERS OUT) Actress Beyonce Knowles and her father Matthew arrive at the UK premiere of 'Dreamgirls' at Odeon Leicester Square on January 21, 2007 in London, England. (Photo by Dave Hogan/Getty Images)
LONDON - JANUARY 21: (UK TABLOID NEWSPAPERS OUT) Actress Beyonce Knowles and her father Matthew arrive at the UK premiere of 'Dreamgirls' at Odeon Leicester Square on January 21, 2007 in London, England. (Photo by Dave Hogan/Getty Images)

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.

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