Beyoncé isn’t happy about the taxes she owes — and now she’s asking the IRS to “check on it.”
Superstar applied for A reassessment of approximately $2.7 million in taxes for 2018 and 2019, plus penalties and interest on those taxes.
The IRS estimates she will owe $805,850 in taxes and $161,170 in penalties for 2018, and $1,442,747 in taxes and $288,549 in penalties for taxable year 2019.
In an April 17 filing, Singer asks the IRS to reassess penalty It was assigned a notice of deficiency dated January 18, 2023.
In her petition, the singer claims the IRS did not give her a tax break on $868,766 in charitable contributions, alleging that she “acted reasonably and in good faith” and should therefore be exempt from additional penalties.
Beyoncé is married to rapper Jay Z, whose real name is Sean Carter, and files as a single taxpayer. She did not name her husband in the filing.
The notice of deficiency gives 90 days from the date of the notice to file a petition (so in this case, April 17) and she doesn’t have to pay until the case is settled.
Beyoncé generates income in several ways, including her award-winning music career, touring, acting and other appearances. Over the years, she has received multiple endorsements with companies such as L’Oreal, American Express and Pepsi. She also started her own fashion line, Ivy Park.
Beyonce Net Worth is estimated $500 million. Jay Z’s net worth is estimated at $1.3 billion, which is less than their combined net worth as a couple of $2 billion.
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