Beyoncé requested a review of her tax situation after being notified of a debt of more than $2.5 million
singer Beyonce He is not happy with the statements he made Internal Revenue Service (IRS), tax service United State The entity has since confirmed that the singer owes them an estimated $2.7 million in unpaid taxes and fines.
However, the compiler single women Submit a request to the said system as it will ensure that there are many errors that have generated huge debts for the singer and businesswoman who is ready to start an international tour.
Soloist A.A shortage notice With regard to debt and Unpaid taxes for 2018 and 2019, Therefore, the millions of dollars that were deducted from donations to charitable activities would have been eliminated.
Among these charitable contributions was $868,766 that the actress also made in 2018 and was rejected by the tax department, adding to the singer’s alleged debt.
The tax service also did not allow deductions from income, utilities, insurance, legal services and professional services, as well as professional management services.
Overall, the IRS claims that Beyoncé should $805,850 2018 And $1,442,747 for the year 2019 In addition to $449,719.40 in reprimand for both periods, which gives the scandalous sum $2.7 million in debt.
He is the singer’s lawyer Michael C Cohen Beyoncé indicates that he will attempt a trial in Los Angeles, California, to clear up the alleged error with the IRS and that “the issue is quickly resolved.”
The singer’s legal team pointed out that at least $868,766 of the total debt was donated to charity, and the above-mentioned job deduction must be accepted again, and they also emphasized that if there is a lack of their tax payments, the singer should not pay it because ” I acted reasonably and in good faith.” However, it is not known which charity received the aforementioned donation.
But the singer expressed her solidarity with various social causes, in addition, she has her own foundation called BeyGOOD Foundationwhich began operations in 2013, and indicated that the aforementioned company’s concern was to fight economic disparity, support marginalized communities, and promote educational and entrepreneurial opportunities.
Beyoncé has supported 37 charitable choices throughout her career in addition to owning her own foundation, and the biggest Grammy award winner is also listed as one of the richest people in the world, with her husband’s estimated net worth at $500 million. Rapper and businessman Jay-Z has a net worth of $1.3 billion.
However, Beyoncé had already been linked to financial troubles during 2023 when, in March, it ended a collaboration with a popular sportswear brand, due to projected sales that the singer’s line had shot. ivy garden It was estimated at a grand total of $250 million, however, only about $40 million was raised.
The economic spat between the IRS and Beyoncé takes place just weeks before the singer begins her world tour Renaissance Which, so far, will have an estimate of 57 dates distributed among them Europe And United State.
The soloist’s latest album, released on July 29, 2022, is titled Renaissance. The star returned to the stage 6 years later with the popular album Lemonade and the single Cuff. It has been one of the singer’s most viral songs, having been repeated 2.7 million times worldwide Tik Tok.
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