Beyoncé Disputes $2.7M IRS Claim
Beyoncé filed a petition in U.S. Tax Court contesting nearly $2.7 million in tax and penalties, per Forbes. According to the Notice of Deficiency, obtained by Forbes, Beyoncé owes $805,850 for 2018, along with $161,170 in penalties. The Renaissance artist is also responsible for $1,442,747 in 2019, as well as $288,549.40 in penalties. There is also interest due on those amounts.
The singer “argues the IRS overlooked millions of dollars in charitable donations over the course of those two years, including an $868,766 contribution to an undisclosed charitable organization in 2018.”
Beyoncé’s petition requests that if tax penalities were to occur it should be waived since she “has acted reasonably and in good faith.”
“We are working with the IRS and anticipate that the matter will be resolved shortly,” the singer’s attorney Michael C. Cohen told Page Six.
Despite petitioning the IRS claim, Beyoncé will soon be starting her Renaissance World Tour.
The tour will begin in Europe this May before she hits North America in July. The North American leg of the tour begins July 8 with back-to-back shows in Toronto’s Rogers Centre. The tour will eventually make stops in several major cities in the United States including New York, Boston, Los Angeles, Philadelphia, Miami, Nashville, Chicago, Atlanta, Houston, Las Vegas, and ending in New Orleans on September 27.
The Renaissance tour marks Beyoncé’s tour in five years. Her last tour was the On the Run II tour with Jay-Z for their joint album Everything Is Love.