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Priscilla Presley's former business partners Brigitte Kruse and Kevin Fialko claim in a lawsuit that Priscilla allegedly hid a multi-million dollar jewelry collection worth "upwards of $25 million" from the Internal Revenue Service (IRS)

Kruse and Fialko allege that she claimed the collection was worth $6,000, when it was allegedly worth $25 million

The collection was allegedly stored off-site by the manager of Graceland's archives

Priscilla Presley allegedly hid a multi-million dollar jewelry collection worth "upwards of $25 million" from the Internal Revenue Service (IRS), her former business partners Brigitte Kruse and Kevin Fialko allege in a lawsuit.

Presley , 80, was accused of submitting a "Form 433-A to the IRS in an attempt to negotiate down her tax obligations

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