Beyoncé contests claim that she owes $2.7million in unpaid tax and penalties

nme.com:

Beyoncé has filed a petition challenging a claim made by the US federal tax office that she owes $2.7million (£2.1million) in unpaid tax and penalties.The filing argues that several errors were made in the determinations of the singer’s 2018 and 2019 tax returns.According to the petition addressed to the Internal Revenue Service (IRS), which was seen by Forbes, Beyoncé owes $805,850 (£640,811.92) in additional tax for 2018, along with $161,170 (£128,162.38) in penalties.

She also allegedly owes $1,442,747 (£912,311.02) in 2019, as well as $288,549.40 (£229454.48) in penalties.However, Beyoncé has argued that the IRS overlooked millions of dollars in charitable donations she made during those two years, including an $868,766 (£690,842.72) contribution to an undisclosed charity in 2018.

The petition requests that any tax penalties she incurs should be waived since she “has acted reasonably and in good faith.”The petition also alleged that the IRS supposedly disallowed some of Beyoncé’s business income deductions, utilities, insurance, management fees, legal services and professional services for 2018 and 2019, respectively.The petition was filed exclusively in Beyoncé’s name and doesn’t mention her husband Jay-Z.“We are working with the IRS and anticipate that the matter will be resolved shortly,” her lawyer, Michael C.

Cohen, told Page Six.Last month, reports emerged that Beyoncé was reportedly set to end her creative partnership with Adidas due to “major creative differences” between her clothing line, Ivy Park, and the activewear giant.