"Squeeze them, IRS Commissioner Raban, squeeze them!"
Posted on 04/30/2023 2:34:05 AM PDT by Libloather
Beyoncé is going up against the Internal Revenue Service in a recent petition filed in United States Tax Court contesting the nearly $2.7 million taxes and penalties the agency alleged she owes.
Earlier this month, the "Break My Soul" singer, 41, petitioned for the court to reconsider a January Notice of Deficiency assessed by the IRS.
The notice claimed Beyoncé owes over $1.4 million in additional tax and over $288,000 in penalty for 2019. For 2018, it alleged the singer owes about $805,000 in additional tax and $161,000 in penalty, according to Forbes.
In her 20-page petition, Beyoncé argues that the agency refused millions of dollars in deductions, including $868,766 attributable to a charitable contribution carryover from 2018. According to the documents, she also alleges that penalties shouldn't apply to any owed taxes as she "has acted reasonably and in good faith."
After the January notice was filed, the star had 90 days to file a petition contesting the IRS. Although the agency has assessed that 20% of the underlying amount of tax is due, petitioners usually don't have to pay until the case has been settled, per Forbes.
No court date has been scheduled as of Saturday afternoon. The lawyer representing Beyoncé - Michael C. Cohen of De Castro, West, Chodorow, Mendler & Glickfeld, Inc. - did not immediately respond to Insider's request for comment.
Beyoncé is currently gearing up to kick off her Renaissance tour on May 10. According to Billboard, the tour could make her at least $275 million.
(Excerpt) Read more at businessinsider.com ...
The IRS is hiring special agents prepared to use 'deadly force' if needed and is paying up to $95,000
https://www.businessinsider.com/irs-hiring-special-agents-prepared-use-deadly-force-2023-4
We are from the US feral government and we are here to help you.
Impossible. Cant be true. What...with all the Trump tax breaks for only the super rich? /s
With all that money her agents couldn’t hire competent tax accountants (and lawyers)?
Wait a minute, she doesn’t want to “PAY HER FAIR SHARE”. And she is claiming close to a million dollars in charitable deductions. My God, she’s going to make over $200,000,000 on this new tour and is complaining about a mere $2+ million in taxes. Hypocrite
I’d fire whoever does my taxes and find someone who knows what they’re doing.
Maybe Barry and Big Mike can help the poor girl out
“Taxes are for little people.”
She’s a rich Democrat. Why isn’t she paying her “fair share”?
i’d love to see the charities she donates to.
That’s interesting to know, but I don’t see why her personal taxes have become public information, presented for our amusement?
Where’s the “pay your fair share” crowd?
“...she doesn’t want to “PAY HER FAIR SHARE”. And she is claiming close to a million dollars in charitable deductions”
IMHO Charitable deductions are merely directing the money (you would pay the government to waste on fraud and abuse) for other causes that you feel could use the money better than the government would.
I used to give fairly generously before I went to a fixed income and the standard deduction was raised. It’s no longer worth the hassle.
10% to the “Big Guy” and her tax problems go away...
She’s a leftist so I’d bet her chances are pretty good.
"Squeeze them, IRS Commissioner Raban, squeeze them!"
Do you enjoy vomiting or something?
well it may help me lose weight.
Her reparations check should easily cover the deficit. After all, she has been clearly disadvantaged due to her skin color. ....right?
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