Trending

Beyoncé Takes On The IRS Over $2.7 Million Tax Liability

  • Beyoncé is challenging the Internal Revenue Service in U.S. Tax Court.
  • The 41-year-old singer filed a petition seeking a redetermination of an almost $2.7 million tax liability imposed by the IRS in Notice of Deficiency for the years 2018 and 2019, according to Forbes.
  • For the taxable year 2018, the IRS assessed that the “Lemonade” hitmaker owed an additional $805,850.00 in taxes and $161,170 in penalties, per the Notice of Deficiency dated Jan. 18.
Click to read full article

Sign Up for Our Newsletter

Join our list!

Sign up here to get our daily newsletter with the top trending headlines.