Josh Posted September 3, 2023 Posted September 3, 2023 Beyoncé will soon be expected to pay the IRS $2.7 million, according to reports. The global superstar previously claimed that the institution unfairly charged her with additional taxes and penalties. However, the Internal Revenue Service has shot back, stating that their financial evaluation is accurate, according to documents obtained by RadarOnline. In fact, she owes $2.7 million, plus interest on the tax bill. The agency is also denying any wrongdoing on their behalf. The financial institution also stated that the government “generally denied each and every allegation in [Beyoncé’s] petition.” A lawyer for the IRS is demanding that the singer’s petition be rejected, and the initial financial documentation stand. In May 2023, the Renaissance singer disputed the agency’s Notice of Deficiency. The legal doc ordered her to cough up $1,442,747 in back taxes, plus a $288,549.40 penalty charge for 2019. According to Forbes, those penalties are 20% of the amount of the underpayment of tax and are required by statute. Queen Bey claimed that the bureau sought an inaccurate tax fee of $805,850 in taxes and $161,170 in penalty charges for 2018. Yet, Bey argued in her petition that if she owes any taxes, the penalties should not apply because she “has acted reasonably and in good faith.” Bey also claimed that the agency didn’t allow her to claim “millions of dollars’ worth in deductions.” Beyoncé alleged that the IRS denied her from deducting $473K worth of legal fees, plus $868K worth of charity donations. “We are working with the IRS and anticipate that the matter will be resolved shortly,” her lawyer, Michael C. Cohen, said to Page Six at the time. https://www.vibe.com/news/business/beyonce-pay-irs-tax-bill-interest-1234786517/amp/ 1
ATRL Moderator supaspaz Posted September 3, 2023 ATRL Moderator Posted September 3, 2023 ‘23 Bonnie and Clyde 10
Yellowfever Posted September 3, 2023 Posted September 3, 2023 Only 2.7M? Why did Shakira have to pay 14.5?
moo Posted September 3, 2023 Posted September 3, 2023 Keep fighting Queen! Don't let the government steal even more of your hard earned cash! Abolish the IRS and END THE FED!! Ron Paul/Beyoncé 2024!!! 2
Planet Mars Posted September 3, 2023 Posted September 3, 2023 19 minutes ago, Yellowfever said: Only 2.7M? Why did Shakira have to pay 14.5? Because she's been avoiding them for years in multiple jurisdictions? 3 8 1
LatinFreak Posted September 3, 2023 Posted September 3, 2023 36 minutes ago, Breathe On Moi said: Shakira do the right thing! Beyoncé & Shakira - On The Run (from the IRS) Tour ... coming to a city near you! 13 1
ariesgroove Posted September 3, 2023 Posted September 3, 2023 this like a mere $5 to her she gon be good!
magazine Posted September 3, 2023 Posted September 3, 2023 Good 26 minutes ago, Yellowfever said: Only 2.7M? Why did Shakira have to pay 14.5? More demand
Cherish Posted September 3, 2023 Posted September 3, 2023 10 minutes ago, LatinFreak said: Beyoncé & Shakira - On The Run (from the IRS) Tour ... coming to a city near you! Don’t you mean a jail near you? 1
LatinFreak Posted September 3, 2023 Posted September 3, 2023 5 minutes ago, Cherish said: Don’t you mean a jail near you? No. That's why they're on the RUN... 1
Mirtilo Posted September 3, 2023 Posted September 3, 2023 "according to documents obtained by RadarOnline" Hum, ok... 1 1
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