PRSRT FIRST-CLASS MAIL US POSTAGE PAID BOISE, ID PERMIT 411
888.670.0303 WWW.ROZSTRATEGIES.COM
11239 Ventura Blvd. #103-1306 Studio City, CA 91604 Inside This Issue
pg 1 ∙ One Is the Loneliest Number
pg 2 ∙ A Moment Like This
pg 3 ∙ Mastermind Members Meetup!
pg 4 ∙ Mastermind Member Spotlight
pg 5 ∙ Don’t Miss This Title Fight!
pg 6 ∙ Shout Outs!
pg 8 ∙ The IRS Takes On Queen Bey
IRS Terror Tale of the Month BEYONCÉ STOOD UP TO THE IRS — WILL SHE WIN?
The IRS doesn’t care if you’re a regular 9-to-5 person or Beyoncé. While many people are enamored by “Queen Bey,” her enormous popularity, and her record number of Grammy Award wins, the IRS doesn’t bat an eye at celebrity. In January 2023, the agency went after the superstar singer (whose full name is Beyoncé Knowles-Carter), claiming she owed nearly $2.7 million in taxes, penalties, and interest from 2018 and 2019. The IRS quickly learned Beyoncé wasn’t just going to roll over, and in April, she fought back. She doesn’t have the power to issue a royal decree, despite her nickname, but she did petition the tax court to reconsider the IRS’s Notice of Deficiency. According to Beyoncé and her legal team, the IRS made several mistakes in its tally of her deductions. The team claims the agency refused millions of dollars of valid
deductions, including “$868,766 in charitable
contribution carryovers reported in 2018.”They also argue Beyoncé shouldn’t be on the hook for penalties because she “has acted reasonably and in good faith.” If you’re a Beyoncé fan, at this point, you may be wondering, “Where is JAY-Z (aka Shawn Carter) in all of this tax drama?” Well, it turns out Beyoncé’s billionaire husband files his taxes separately. He has stayed far away from the IRS fray, keeping his prodigious income intact. Whether tax court sides with the IRS or Beyoncé remains to be seen. Either way, given the musical power couple’s collective net worth of about $3 billion, odds are good they’ll walk away with more than enough money to keep them and their three kids (Blue Ivy, Rumi, and Sir) comfortable for decades to come.
8 • www.rozstrategies.com
Published by Newsletter Pro • www.NewsletterPro.com
Made with FlippingBook Ebook Creator