Michael Jackson Pays His Taxes

According to records in Santa Barbara County, Michael Jackson finally satisfied a state tax lien on his all-but-abandoned Neverland Valley Ranch in Los Olivos, California The total, according to the assessor’s office, came to just over $600,000, including penalties and fees.

The payment doesn’t cover the $23 million for which Jackson is still in default on loans he’s taken against Neverland. Fortress Investments is now two weeks past its foreclosure deadline, which means it could start proceedings against Jackson at any time.

Jackson, sources say, may have arranged for a time extension through his friend, Ron Burkle.

Michael still hasn’t decided if he will or will not attend the Grammy Awards this Sunday evening.