Beyonce Challenges IRS Claim That She Owes $2.7 Million in Unpaid Taxes and Penalties

justjared.com:

Beyonce filed a petition against an IRS claim that she owes $2.7 million in unpaid taxes and penalties. The 41-year-old Renaissance icon’s petition asks the court to reconsider additional tax and penalties assessed by the IRS in a January 18 notice of deficiency.

The Notice of Deficiency from the IRS alleges that $805,850.00 in additional tax, together with $161,170 in penalty, is owed for 2018.

In 2019, the IRS alleges it is owed $1,442,747.00 in additional tax, together with $288,549.40 in penalty, according to Forbes. Keep reading to find out more…Beyonce claims the IRS disallowed millions of dollars in charitable contributions over those tax years.

If any additional tax liability is owed, the accuracy-related penalties should not be applicable since she “acted reasonably and in good faith.” She filed the Tax Court petition as the sole taxpayer.