Beyonce filed a petition against an IRS claim that she owes $2.7 million in unpaid taxes and penalties.
The 41 year old man Renaissance Icon’s petition asks the court to reconsider additional taxes and penalties assessed by the IRS in a January 18 deficiency notice.
The IRS Notice of Deficiency alleges that $805,850.00 in additional taxes are due, along with $161,170 in penalties, for 2018.
In 2019, the IRS claims that you are owed $1,442,747.00 in additional taxes, along with $288,549.40 in penalties, according to Forbes.
Keep reading to know more…Beyonce claims that the IRS turned down millions of dollars in charitable contributions during those tax years. If any additional tax liability is owed, the penalties related to accuracy should not apply since she “acted reasonably and in good faith.” She filed the petition with the Tax Court as the sole taxpayer.
The Grammy Award-winning singer has a reported net worth of $450 million according to Forbes’ ranking of the highest-earning women in the United States.
Beyonce will kick off her Renaissance World Tour next month in Stockholm before traveling to the United States in July.
Last month, Beyonce announced a partnership with Balmain to create a line inspired by her new album.
Categories: Biography
Source: vcmp.edu.vn