Beyonce goes to war with IRS over 2.7 million dollar tax bill Beyonce has filed a petition in U.S Tax Court seeking a redetermination of her tax liability assessed by the IRS for the years 2018 and 2019 according to Forbes the 41 year old mother of three filed a
Petition for nearly 2.7 million dollars in tax liability imposed by the IRS in a notice of deficiency an additional eight hundred to five thousand eight hundred fifty dollars in taxes and 161 170 in penalties were assessed to the reinacin’s hitmaker in 2018 according to the notice dated on
January 18th for 2019 the bureau also determined that 1442 747 in additional taxes and 288 549.40 in penalties were due as well as charging interest for both years as part of her suit Beyonce alleged that the IRS miscalculated by disallowing millions of dollars of taxes depreciation management fees utilities and other deductions
According to the star singer 868 766 attributable to a charitable contribution carryover reported in 2018 should be disallowed the petition further stated on information and belief respondent aired in determining that qualified business income deductions of 3581 reported in 2018 and 14 reported in 2019 should be disallowed
Beyonce also argued that the IRS was incorrect when it found she failed to report 1449 in royalty income for 2018. also contested were penalties assessed by the IRS as a result of accuracy related errors under IRS code section 6622 accuracy related penalties are calculated at 20 percent of the portion of the
Underpayment of tax in both returns Beyonce claimed to have properly reported her royalties income and all deductions due to her reasonable and good faith conduct the singer argues that accuracy related penalties should not apply if any additional taxes are owed in other Beyonce related news Megan the stallion recently revealed that the
Singer made her change her verse on the remix of savage before it dropped during her recent interview with Elle Meg talked about working Bay on their collaborative single and said the RB Superstar asked her to amend her original lyrics due to how explicit they were Beyonce probably so tired of me saying
Her name Megan said so we were in quarantine at this time Beyonce did the remix I didn’t believe she was actually gonna do it but she did it and my mind was blown I called my granny me and my manager was in my living room going crazy
Beyonce was like could you please make your verse like a little bit a cleaner I went in my living room and I recorded it right then Beyonce didn’t have to tell me twice I sent that verse right back she continued but it was amazing everybody knows that I am obsessed with
Beyonce so when I got the collab like being from Houston with her I was just appreciative when I saw people dancing to the song vibing to it loving it how many famous people was dancing to the song I was like oh my God y’all know me
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Taxation is theft …😮