The IRS backs down...
From Tax Notes
Pop superstar Beyoncé and the IRS agree that she owes $709.20 in tax and penalties instead of the nearly $2.7 million that the agency had asserted in a deficiency notice, according to a stipulated decision approved by the Tax Court.
The decision document in Knowles-Carter v. Commissioner, signed December 11 by Tax Court Judge Maurice B. Foley, states that Beyoncé has a tax deficiency of $591 and is liable for a section 6662(a) penalty of $118.20 for tax year 2018 and that she has no deficiency or penalty liability for tax year 2019.
Compared with the IRS’s deficiency notice, which asserted that Beyoncé owed $2,698,316.40 in tax and penalties for tax years 2018 and 2019, the stipulated decision “certainly is a taxpayer-friendly resolution,” Justin Miller of Evercore Wealth Management LLC told Tax Notes.
11 comments:
So it goes from 2 million to $709 dollars?
Hmmm
She agreed to donate to a charity . I am so over these celebrities with fake narratives . This is a world stage with a lot of actors . Most of these people been gone they jus have they brands left making money off they name .
Worked for the Orange Cheeto might as well work for her. The rich don't pay taxes in America💯
"F" THAT....I'm sitting next to my niece and all I hear is filth florin filth in a song with my mind like what happened to music with these new artists.
Part of the deal wit Kumala
11:59 that’s not how it works… you’d have to donate FIRST… you can’t agree to donate after the bill. If you have a good CPA, he or she can navigate the system. Last year I paid 15,000 to the IRS, this year was 800.00
ONE THING TO REMEMBER: THE GOVERNMENT WILL COME FOR THE $$$$$$$$$ THAT THEY BELIEVE IS DUE TO IT ONE WAY OR THE OTHER.
IF THEY DIDN'T SUCCEED NOW THEY WILL LATER ON SOMETIME DOWN THE WAY.
MY MOMMA ALWAYS TOLD ME: "KEEP LIVIN'. TIME IS ALWAYS A BETTER TEACHER THAN ME".
HER CHARITY was counted as a tax deduction
Yea, but the fed gov. don't like to lose especially to celebs. IRS will figure out a way to helm her & her husband & their charities up some way, shape, or form.
This says 2019, so unless you're talking about charity that year, that's not it. Good for her! They were only 500+ off that year.
2:46
Sure was.
Post a Comment
Commenting Rules: Please watch your language. Disguise curse words if you must use them and do not threaten or attack other commenters.
Comments violating the rules will be deleted.