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INSIDE THIS ISSUE
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Memories From the Mountainside
Ditch the Textbook — Go Travel Instead
Boundaries Can Be Met With Pushback — Are You Ready?
Hoisin-Glazed Pork Chops
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You’re Forbidden From Wearing Heels in Greece?
Beyoncé Owes the IRS How Much Money?!
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Even Beyoncé Owes Them Money! YOU’RE NOT ALONE WHEN DEALING WITH THE IRS
After filing your taxes, a thought that may race through your mind is, “I hope the IRS doesn’t come after me.” Thousands, if not millions, of people are in the same boat — including celebrities. Many celebrities have been in trouble with the IRS, such as Mike “The Situation” Sorrentino, Shakira, Ozzy and Sharon Osbourne, Nicolas Cage, and more.
However, we can add another A-List celebrity to this list who filed a petition against the IRS: Beyoncé Knowles-Carter. On Jan. 18, 2023, Beyoncé received a Notice of Deficiency, which outlined the amount of money she owed to the IRS. The organization estimated the singer owes $805,850 in taxes and $161,170 in penalties for 2018 plus $1,442,747 in taxes and $288,549 in penalties for 2019. That’s almost $2.7 million that the “Crazy in Love” artist must pay! Beyoncé filed a petition against the IRS’ claims on April 17, 2023, and asked them to reassess the penalties and amount of taxes she owes. According to Beyoncé’s lawyer, Michael C. Cohen, the singer should get an itemized deduction of $868,766 since she donated to charity in 2018. Beyoncé founded the BeyGood Foundation, an organization created in 2013 that assists
others with education, disaster relief, mental health, and other issues. However, at the time of writing, it’s unclear which charities she donated to. Additionally, Beyoncé’s petition states that the IRS allegedly disallowed portions of Beyoncé’s business income deductions, utilities, insurance, management fees, and legal and professional services in 2018 and 2019. Furthermore, Cohen argues that even if she owes any tax deficiency payments, the penalty shouldn’t apply because Beyoncé has “acted reasonably and in good faith.” A court hearing has yet to be scheduled at the time of writing. But the former Destiny’s Child member’s lawyer told PEOPLE magazine that they “are working with the IRS and anticipate that the matter will be resolved shortly.”
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