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Hip-hop podcast host charged in fatal concert venue shooting

A hip-hop podcast host arrested in connection with a concert venue shooting that left a rapper's bodyguard dead and three other people wounded is a killer and a danger to the community unworthy of bail, a prosecutor said on Tuesday.

Daryl Campbell, also known as Taxstone, was arrested Monday on a federal weapons possession charge stemming from the May shooting at Irving Plaza in Manhattan just before rapper T.I. was to perform.

Assistant U.S. Attorney Hagan Scotten urged Magistrate Judge Andrew Peck to deny Campbell bail, saying evidence was overwhelming that he fired the fatal shot that killed Ronald McPhatter, a bodyguard for Brooklyn rapper Roland Collins, who performs as Troy Ave.

The judge, saying he was "taking a chance," granted $500,000 bail but required electronic monitoring. Campbell, who must post $350,000 in cash or property and identify five people to pledge to support the bail, was not immediately released.

Outside court, defense attorney Kenneth Montgomery said the claim Campbell fired the fatal shot was "not the truth." He called Campbell a "smart, well-balanced person."

In court, Montgomery said someone else was seen on video firing the gun and the gun was recovered from that person's vehicle with two other weapons.

Collins' bodyguard was killed by a gunshot fired at his chest at close range, authorities said. Collins and two bystanders were injured.

Scotten, the prosecutor, argued that DNA likely to belong to Campbell was found on the trigger, hand grip and magazine of a 9mm semi-automatic handgun used in the shooting. A criminal complaint said DNA belonging to Collins and McPhatter also was found on the gun.

Campbell, host of the popular podcast Tax Season, was feuding with Collins at the time, authorities said.

Surveillance video shows that when the men emerged from a room after the shooting, Collins, who had been shot in the legs, held the handgun, aimed it in the direction in which Campbell fled and fired a shot, according to a criminal complaint.

Collins previously pleaded not guilty to an attempted-murder charge. His attorney said he didn't shoot McPhatter.

Scotten said there was concern for the safety of witnesses in the case, and he noted that many potential witnesses were unwilling to speak with law enforcement officers. He also said Campbell had been arrested 20 times, with two felony convictions, and court papers claimed Campbell had publicly stated his membership in the Bloods street gang and his willingness to use violence and firearms.

Montgomery said his client was "no angel" but had left his criminal history from many years ago behind and "walked down the path of redemption" with his podcast and interviews.

WATCH: 7-year-old wows with spot-on Taylor Swift impression

A tiny Taylor Swift-in-training is making headlines with her fearless impression of the pop diva.

According to Us Weekly, Xia Vigor, 7, wowed the judges and the audience on a recent episode of "Your Face Sounds Familiar Kids," a Filipino reality competition. 

>> Read more trending stories

The video quickly went viral on YouTube, raking in more than 1.4 million views since it was posted Sunday.

>> Watch the adorable clip here

<iframe width="390" height="219" src="https://www.youtube.com/embed/-FQs_FkDOds" frameborder="0" allowfullscreen></iframe>

Amazing Xia as Taylor!#YFSFAmazingKids pic.twitter.com/sXfGya1NQV— FaceSoundsFamiliarPH (@YourFacePH) January 15, 2017 <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>

Tax deadline looms for Prince estate; government to get half

"Money Don't Matter 2 Night," Prince once sang. But his money matters a lot to the IRS, and the case provides a cautionary tale not just for the wealthy, but not-so-rich Americans as well.

Prince's estate has until Saturday to file an estate tax payment for the late rock superstar, and the taxes are expected to ultimately swallow nearly half the estate's estimated $200 million value, meaning a likely windfall of roughly $100 million for the government. Estate law experts say Prince could have prevented that. Here are the issues:

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WHY THERE'S SO MUCH MONEY

Prince left no known will when he died in April of an accidental painkiller overdose, and apparently did nothing to shelter his assets from the taxman. So, federal and state taxes will claim roughly half of it, said Mark Bakko, leader of the tax practice in the Minneapolis office of the accounting firm Baker Tilly, which is not involved in the case.

The value of Prince's estate when he died is subject to a federal tax of 40 percent and Minnesota's tax of 16 percent. With exclusions and deductions, the total bite will be closer to 50 percent. The estate can seek an extension for filing the return but can't delay the first payment.

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DAMAGE COULD HAVE BEEN LIMITED

Experts say Prince could have set up an estate plan with trusts to benefit any relatives and charities he chose — while leaving little if anything to be taxed.

"The reality is there are only three options," said Robert Strauss of the Los Angeles estate law firm Weinstock Manion, which isn't involved either. "There's family and friends, there's charity, and there's Uncle Sam. And most clients would rather that Uncle Sam got less."

Instead, Prince's six siblings are expected to equally split what's left.

Estates worth under $5.45 million for individuals and $10.9 million for couples aren't subject to federal estate taxes. But David Herzig, a tax law professor at Valparaiso University, said the case is a reminder that there are good reasons to have a will and estate plan, even if taxes aren't an issue, because they can set up trusts that keep assets private and out of the probate process.

"(People) think they have to be as rich as Prince before they need estate plans," said Jeffrey Scott, a St. Paul estate attorney. "If your net worth is a couple hundred thousand dollars, you need some kind of estate plan."

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COMING UP WITH THE CASH

The estate doesn't have to pay the entire bill by Saturday. Big estates can make payments over time.

That helps because Prince wasn't very liquid. A recent inventory listed about $110,000 in cash, about $830,000 in gold bars but no stocks or bonds. It also listed real estate worth about $25.4 million. That inventory doesn't include his entertainment assets, which are still being valued.

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LESSONS FROM MICHAEL JACKSON

It's not clear whether the IRS and Prince's estate will agree on the value of his music catalog because it's difficult to put a dollar value on such assets.

The experience of Michael Jackson's estate suggests a long slog in court if they can't agree. Jackson died in 2009. The tax case finally goes to trial in Los Angeles next month over more than $700 million in taxes, interest and penalties.

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Follow Steve Karnowski on Twitter at https://twitter.com/skarnowski. His work can be found at http://bigstory.ap.org/content/steve-karnowski

The Latest: Springsteen cover band will skip inaugural event

The Latest on a Bruce Springsteen tribute band that had been scheduled to perform at a gala ahead of Donald Trump's inauguration (all times local):

3:30 p.m.

A Bruce Springsteen tribute band has canceled its plans to perform at a Washington gala before Donald Trump's presidential inauguration.

B Street Band leader Willie Forte (FOR'-tay) said Monday that the decision is based "solely on the respect and gratitude we have for Bruce and the E Street Band." He tells The Associated Press that "this whole thing just got blown out of proportion."

The group had signed a contract to appear Thursday with the New Jersey State Society, but it had drawn criticism for the show because of Springsteen's distaste for Trump.

Springsteen has called Trump a "flagrant, toxic narcissist." Springsteen performed during Obama's inaugural in 2009.

The New Jersey State Society said Sunday it was "very disappointed" by the cancellation but understood the group's decision.

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10 a.m.

Six hard-working guys from New Jersey who make up a Bruce Springsteen tribute band are drawing criticism because they're going to perform at a Washington gala before Republican Donald Trump's inauguration.

B Street Band leader Willie Forte (FOR'-tay) says the group signed a contract to appear Thursday with the New Jersey State Society after performing for the group's party during President Barack Obama's inaugural in 2013.

Springsteen called Trump a "flagrant, toxic narcissist" during a pre-election night rally for Democrat Hillary Clinton in Philadelphia. Springsteen performed during Obama's inaugural in 2009.

The cover band also entertained at the New Jersey gala in 2009 and performed during the Democratic National Convention.

Forte believes much of the criticism arose because people mistakenly thought the group was going to perform at Trump's inaugural.

Piano Guys say inaugural performance isn't Trump endorsement

The Piano Guys are saying their decision to perform at an event marking the presidential inauguration of Donald Trump is not a political endorsement.

The Utah-based group, which first found fame on YouTube, is among the few acts to agree to play for the Republican's inaugural celebration.

Numerous musicians have said they turned down offers or changed their minds after initially accepting. Jennifer Holliday was among those who backed away, citing intense criticism from the LGBT community. Others expected to play include the country stars Lee Greenwood and Toby Keith.

Trump will be sworn in Friday.

In a statement issued Monday, the Piano Guys said they weren't honoring an individual politician but hoping to spread "love, joy and hope." They added that they hoped "understanding" and "goodwill" would prevail.

Ivanka Trump lays groundwork for policy role in Washington

She may not be working in the White House, but that doesn't mean Ivanka Trump is staying out of politics.

Although she has said she will have no official role in her father's administration, Ivanka Trump has been quietly laying the groundwork for an effort that could make her perhaps the best-connected policy advocate in Washington. Trump, who has made clear she wants to push for policies benefiting women and girls, last week sought the advice of a group of female executives and media stars in New York City. And transition aides have reached out to congressional staff on child care policies, an area she has urged President-elect Donald Trump to prioritize.

In a Facebook post detailing her next moves, Ivanka Trump thanked people who had reached out on such issues and added that she is determining the "most impactful and appropriate ways for me to serve our country."

It is not clear if Trump will establish herself independently or if she will eventually enter the White House. But operating from the outside may take her into uncharted territory, as there are few recent examples of a first family member without a White House office advocating for policies. The closest model is the first lady, who has an office in the East Wing.

For now, the businesswoman has said only that she is stepping away from executive roles at the Trump Organization and her lifestyle brand and is moving her family to Washington so that her husband, Jared Kushner, can take a job as a senior adviser. She has also stressed that she wants to focus on settling her three young children in a new home.

But Ivanka Trump is also thinking beyond that.

On Thursday, she attended a dinner with female executives at the home of her friend Wendi Deng, ex-wife of media executive Rubert Murdoch. The dinner was put together by Dina Powell, a Goldman Sachs partner who is joining the Trump administration as an assistant to the president and senior counselor for economic initiatives. Powell has been advising Ivanka Trump and is expected to continue working closely with her.

Other guests included MSNBC "Morning Joe" co-host Mika Brzezinski, model Christy Turlington Burns, former White House press secretary Dana Perino, Xerox Chairperson Ursula Burns, Deloitte CEO Cathy Engelbert, Glamour Editor-in-Chief Cynthia Leive and Time Managing Editor Nancy Gibbs. Another attendee, Pattie Sellers, executive director of Fortune's Most Powerful Women Summits, wrote on Fortune.com that Ivanka Trump "explained that she wanted to learn from the efforts of leaders in their fields."

Also there was Sheila Marcelo, founder of www.care.com, a website that connects families with caregivers, said an attendee who spoke on condition of anonymity because it was a private dinner. Marcelo spoke about the high cost of caregiving, both for children and adult family members.

The attendee said the group also discussed the Trump transition team's recent outreach to the House of Representatives' Ways and Means Committee staff about Trump's child care proposals. Asked about news reports about the outreach, Ivanka Trump noted that these were priorities for the president-elect, the attendee said.

A Trump Transition spokesperson declined to comment on the event.

Ivanka Trump's interest and influence on these issues was clear during the campaign. Encouraged by his daughter, Donald Trump offered a child care plan in September, which includes guaranteeing six weeks of paid maternity leave for new mothers, as well as some incentives to encourage employers to provide child care to workers.

The policy would require congressional approval — a considerable hurdle. Such proposals are not a high priority for Republican leadership and it's not clear how well they'll be received by conservatives in the GOP-controlled Congress.

Ivanka Trump has already made some outreach to lawmakers, including meeting with Republican women back in September. But it is not clear if, moving forward, she will lobby Congress directly.

There is little precedent for a president's adult child seeking to have that sort of influence, said University of Minnesota law professor Richard Painter, who served as ethics counsel for President George W. Bush.

The closest comparison would be the policy work by first ladies, like Michelle Obama's "Let's Move" campaign. Painter said that first ladies are generally not subject to conflict of interest laws, though in the past they complied voluntarily like past presidents.

But Painter said to avoid conflicts, Ivanka Trump should, like her husband, follow federal ethics laws. For example, he said she should not offer her father advice on international trade if she continues to have a financial stake in her clothing business. He said he did not think Ivanka Trump would need to register as a lobbyist if she was a policy advocate if she was not paid.

Ivanka Trump has said she will take a "formal leave of absence" from her executive positions at the Trump Organization and her lifestyle brand — which offers shoes, clothes and messages of female empowerment. Her company will be run by the current president and a board of trustees.

The Trump team has said Ivanka Trump will divest some assets and will receive fixed payments rather than a share of the profits from the Trump Organization. No details have been released on her financial arrangement with the lifestyle brand.

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