celeb news Beyoncé owes 2.7 million in taxes to the IRS. Files petition to dispute the balance.

[TheHiveMind]

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Earlier this month, Beyoncé filed a petition in the United States Tax Court contesting nearly $2.7 million in tax and penalties. The document asks the court to reconsider additional tax and penalties assessed by the IRS in a Notice of Deficiency given on Jan. 18, 2023.

 

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According to the notice, Beyoncé owes $805,850 in additional tax and $161,170 in penalty for 2018. It also states she owes $1,442,747 in additional tax and $288,549.40 in penalty for 2019. There is also interest due on those amounts.

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Beyoncé argues in her petition that this was an error on the IRS' part, and claims they refused millions of dollars' worth of deductions, including $868,766 attributable to a charitable contribution carryover reported in 2018.

As for the penalties, the IRS assesses that 20 percent of the amount of the underpayment of tax is due. However, Beyoncé contests in her petition that because she "has acted reasonably and in good faith," if any tax is due, the penalties should not apply.

 

 

 

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Knowles-Carter filed the Tax Court petition as the sole taxpayer. Her husband, Sean Carter—also known as Jay-Z—was not included in the filing. 

 

https://www.etonline.com/why-beyonce-is-fighting-a-27-million-tax-bill-203594?amp

https://www.forbes.com/sites/kellyphillipserb/2023/04/25/after-beyonce-failed-to-work-it-out-with-irs-she-filed-a-petition-in-tax-court/?sh=61f9fecd1534&utm_campaign=socialflowForbesMainFB&utm_source=ForbesMainFacebook&utm_medium=social&fbclid=IwAR1NBb_Gfrx9IPl14ExCgUoJz91iHQkGZQfB6LZKdOD5Sk2YSZg3FIsn9rY

 

 

https://www.yahoo.com/lifestyle/beyonc-fighting-back-against-notice-194500046.html

Edited April 29, 2023 by TheHiveMind
More information added

[Virgos Groove]

Her and Shakira are truly besties.

[Tusk]

Ay, Beyoncé, Beyoncé

[Donquizote]

[Zack]

Well then. Let me give this a stream

 

[BlackAura]

 

[AvadaKedavra]

She's just takin reparations for all the horrible things the American Goverment does to the Black community 
Same situation with Shaki and the reparations for the spanish colonization in Latinoamerica 
Leave them alone 

[suneclipse121]

Beyoncé and Shakira are truly the tax evasion queens  Beautiful Liars indeed. 

[PrettyHurts]

#BEYONCÉINNOCENT 

[MadonnasBoyfriend]

Beyonce Beyonce Shakira Shakira

[suneclipse121]

1 minute ago, MadonnasBoyfriend said:

Beyonce Beyonce Shakira Shakira

[Starshine]

Jail her after the Rennie tour.  

[on the line]

WHERE IS THE TAX MONEY, UNCLE SAM NEEDS THE DAMN TAX MONEY?!

[Jonver]

 

 

 

[Shinning]

I'm not even gonna say nothing.

[byzantium]

Shakira once again proving to be a trend setter 

[G.U.Y_Del_Rey]

10 minutes ago, Zack said:

Well then. Let me give this a stream

 

This acquires a new meaning.

[Mitsouko]

IRS is TIRED of waiting for the visuals. Love the vindictiveness.

[JonginBey]

Oh the budget for the tour production is about to decline, I fear

[fridayteenage]

How much did she make from beautiful liar, enough to pay the bill?

[Dolce Vita]

lock her UP

[Kool_Aid_King]

Lock her up till she releases the visuals!

[Dula Peep]

Her bankrupt era  

[QueenBeyoncé]

Sue em Bey, sick of the IRS 

[popmusicisdead]

Beautiful Liar (Federal Prison remix) is coming