Beyonce filed a petition in U.S Tax Court seeking a redetermination of a tax liability assessed by the IRS for the years 2018 and 2019.
For the taxable year 2018, the IRS assessed she owed an additional $805,850.00 in taxes and $161,170 in penalties, per the Notice of Deficiency dated Jan. 18. The bureau also determined that $1,442,747.00 in additional taxes and $288,549.40 in penalties was due for the year 2019. The IRS charged interest for both years.
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