Tax season is coming to an end and reports say one of the music industry’s biggest stars has taken issue with the Internal Revenue Service, quarreling about how much money they actually owe. The name might shock you, but Beyoncé evidently wants to go to war with the IRS. On April 17, she reportedly filed a petition disputing the agency’s claim she owes $2.7 million in taxes and penalties.
Now, she wants a tax court to possibly reconsider requiring her to pay the additional tax and penalties assessed by the IRS’ January 18 Notice of Deficiency, according to Forbes. The government is zeroing in on only Beyoncé’s personal account because she does not file jointly with her celebrity husband, JAY-Z.
Within the Notice of Deficiency, the IRS alleges Beyoncé owes $805,850.00 in taxes with $161,170 in penalty from 2018, an epic year for Beyoncé and her husband. The two released a studio album called EVERYTHING IS LOVE that accompanied their iconic On the Run II Tour.
She’s also disputing being on the hook for $1,442,747 in taxes and $288,548.40 in penalties for the year 2019, another big year. In addition to Beyoncé starring in Disney’s Lion King, she also produced and sang on the soundtrack, The Lion King: The Gift. Both 2018 and 2019 tax issues have incurred additional interest.
Beyoncé says the IRS got it twisted and has made an error when it comes down to her finances, and she’s willing to fight to prove them wrong. Mostly, she believes the IRS did not give her credit for $868,766 attributable to a charitable contribution carryover reported in 2018.
Michael C. Cohen of De Castro, West, Chodorow, Mendler & Glickfeld, Inc. will be her legal representation in the case.
