Prince Harry faces a huge tax bill unless he takes a break from the Los Angeles mansion

A “monumental” tax bill could be hitting Prince Harry unless he takes a break from his £ 11 million California mansion next month.

Earlier this year, he, Meghan, and their son Archie moved to Los Angeles after leaving a rented mansion in Canada.

It was first reported that the family were staying at a Tyler Perry-owned mansion located in Beverly Hills.

As of October 4, the Prince has been in the United States for 151 days and if he reaches 183 days he is legally obligated to pay taxes in the country.

The Mail on Sunday reported that a prominent Los Angeles attorney, David Holtz, assumed the Internal Revenue Service was watching him.

“You can safely assume that someone from the Internal Revenue Service [IRS] he’s looking at it very closely. This is a big problem.”

The Mail on Sunday reports that Prince Harry will face two taxes.

“Both federal and California state taxes under the ‘substantial presence test’ that requires any foreign national who spends 183 days in the country during a three-year period to pay US taxes on worldwide earnings.”

“Harry’s bill could be monumental and could open a can of worms for the Royal Family because the IRS will want to know all of their sources of income,” said a tax expert.

“That is not just your deal with Netflix, but any money you have received in gifts from Prince Charles and any trust funds, savings accounts or other assets you have in the UK. That means the actual books will be open to scrutiny. The US tax collector is much more jealous than his British counterpart. “

The couple are believed to have received $ 1 million for a speech at an event earlier in the year, in addition to signing a multi-year contract with Netflix.

The Mail on Sunday understands that it is worth between $ 3-5 million a year.

The couple are estimated to have a joint fortune of £ 20 million and currently live in a mansion in Montecito, California, which they purchased through a company registered in the name of Meghan’s business manager.

“If Harry has been in the United States for 183 days straight, then he has. But it’s safe to assume they have had attorneys and tax experts working on this issue for months,” Holtz said.

The visa Harry is on is a key factor, if he came to the country on a diplomatic visa, he is exempt, but if it was a 0-1 visa for people with “extraordinary abilities” then he will be responsible for the same taxes in the United States than everyone else.

“Meghan is an American taxpayer and her situation has not changed, but Harry will have to report to the Internal Revenue Service (IRS) every penny he has received. That includes paying gift taxes on any monetary gifts he has received from the Prince. Carlos and will have to show any other source of income, including trust funds established after the death of Princess Diana, “said another accountant.