Beyoncé drags America’s IRS to tax court to dispute tax liability claim

Beyonce dish out stunning fashion goals as she steps out in adorable two-piece outfit (Photos)

Beyoncé is suing the Internal Revenue Service (IRS) in the United States to dispute a tax bill of almost $2.7 million for the years 2018 and 2019.

The musician is appealing the Internal Revenue Service’s decision to deny deductions for insurance, management fees, legal and professional services, utilities, taxes, depreciation, and other expenses totaling millions of dollars.

She contended that because she behaved in good faith and properly, any excess tax payable should not be subject to accuracy-related penalties.

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Beyonce also claims in her suit that she was denied $3,581 in Qualified Business Income Deductions in 2018 and $14 in 2019.

Additionally, she contests the disallowance of $868,766 in charitable contribution carryover reported in 2018 and the IRS’s finding that she failed to report $1,449 in royalty income in 2018. Beyoncé insists that she correctly reported her income and deductions and that the penalties imposed by the IRS are incorrect. The case has yet to be heard, and there is no clear timeline for its resolution.

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The singer contended that if any additional tax liability is owed, the accuracy-related penalties should not be applicable since she “acted reasonably and in good faith.”

Recall that the IRS issued a Notice of Deficiency on January 18, 2023, stating that Beyoncé owed $805,850.00 in taxes and $161,170 in penalties for the year 2018.

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Additionally, the agency determined that $1,442,747.00 in taxes and $288,549.40 in penalties were owed for 2019. Interest was charged by the IRS for both years.

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