Recently, Beyoncé has submitted a petition to the Internal Revenue Service in response to the agency’s accusation that she owes $2.69 million in overdue taxes for the years of 2018 and 2019.
Her legal team has already started working on the required preparations. Beyonce claimed in the petition that the IRS had made numerous mistakes when processing her tax filings. According to the sources, the musician allegedly got a Notice of Deficiency in January 2023.
Then, the legendary musician and fashion designer filed a petition contesting the IRS’s claim and requesting a trial on the issue.
Beyoncé files petition against the IRS for alleged false claims
Beyonce is a very popular singer who has filed petitions against IRS (Image via Getty Images)
Beyoncé recently filed a petition in the United States Tax Court challenging the Internal Revenue Service’s claims that she owes about $2.7 million in taxes and penalties.
According to Business Insider, the 41-year-old singer of Break My Soul asked the court earlier this month to reevaluate an IRS Notice of Deficiency imposed in January.
The IRS issued the notice stating that Beyoncé owes $805,850 for 2018 and $1,442,747 for 2019. The organization claimed that she owes a total of $449,719.40 in fines between 2018 and 2019. After that, she filed the petition, asking the IRS to re-evaluate.
She has requested a trial in Los Angeles, according to documents acquired by People, though it is unclear when it would happen.
According to a statement, the singer’s attorney Michael C. Cohen said to People, “We are working with the IRS and anticipate that the matter will be resolved shortly.”
Page Six claimed that they have paperwork from the US Tax Court providing proof that Beyonce had submitted a petition on April 17. According to these records, the petition claimed that the IRS had made mistakes in regard to her 2018 and 2019 tax forms.
Beyonce’s attorneys stated in the petition that certain that errors were made in the calculation of her taxes. Apparently, one of the mistakes is the IRS’s refusal to accept charity work as deductibles. The singer allegedly spent a sizable sum throughout the tax year in charitable contributions.
However, Forbes reported that the IRS has determined that 20% of the underlying tax amount is owed. Hence, petitioners typically aren’t required to pay until the case has been resolved. Therefore, she won’t have to pay the 20% charge until the lawsuit has been resolved.
Over the course of her career, the Grammy winner has contributed to various charities. Furthermore, in 2013, she established the BeyGOOD Foundation.
According to its website, BeyGOOD was established to assist reduce economic inequalities, offer educational opportunities, and encourage entrepreneurship.
Moreover, Beyoncé claimed in her 20-page appeal that the IRS rejected millions of dollars’ worth of deductions. This includes $868,766 related to a rollover charitable gift from 2018. She also claimed any penalties for unpaid taxes shouldn’t be imposed because she “has acted reasonably and in good faith.”
You can also share any questions or comments you have about Beyonce and IRS. Until then, stay with us here at Spiel Times for more content.
Make sure you share, subscribe to our push notifications, and never miss an update from the world of video games, cinema, and sports. You can also follow us on Twitter @spieltimes for the latest update.
News
Brad Pitt’s Unfortunate News. The Legendary Actor Himself Made The Announcement
Brad Pitt has informed his followers about his latest health condition. The well-known actor has shown that he has a problem with identifying people’s faces. He suspects…
(N) Solange Breaks Silence: Jay Z’s Shocking Ban on Beyonce’s Communication with Her Revealed
In a recent interview, Solange Knowles, sister of pop icon Beyoncé, has divulged details about Jay Z, Beyoncé’s husband, allegedly prohibiting her from speaking to her own…
(N) Shocking Lawsuits: Jaguar Wright Exposes Jay-Z And Beyoncé’s Hidden Truths
Jaguar Wright is revealing explosive allegations against Jay-Z and Beyoncé. Find out why they could be facing lawsuits and learn more about the shocking claims in this…
(N) Warwick Davis brings his wife Samantha and children to the screening of Disney+ series Willow as he reprises his role 34 years on
Warwick Davis is reprising his role as Willow Ufgood 34 years on for a new Disney+ series. And the actor, 52, brought his wife Samantha, 51, along with his daughter…
(N) BLUE IVY runs to her BOYFRIEND after getting the pregnancy test frm her FATHER.
BLUE IVY runs to her BOYFRIEND after getting the pregnancy test frm her FATHER. Today, we have an incredible story that will keep you on the edge…
(N) “pray for Beyoncé” DOCTOR Reveals her condition keeps getting WORST. only God can help her now.
In the face of adversity, diverse beliefs converge on a common ground – the power of prayer. Regardless of faith or background, let us collectively channel our…
End of content
No more pages to load