Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home Celebrity

BEE-HAW! Beyoncé’s Tax Trial Over $3 Million IRS Bill Delayed

rmtsa by rmtsa
April 6, 2024
in Celebrity
0
BEE-HAW! Beyoncé’s Tax Trial Over  Million IRS Bill Delayed
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

The Finest Smartphone Gaming Accessories In 2025

Koyo Kouoh, Curator of 2026 Venice Biennale, Dead At 57

Funniest Tweets From The 2025 American Music Awards

Beyoncé, who has been basking in the success of her eighth studio album, Cowboy Carter, is now facing a legal battle. The court postponed Beyoncé’s tax trial for the staggering sum of nearly $3 million.

Source: Michael Buckner / Getty

Per RadarOnline, the IRS issued a Notice of Deficiency to the renowned “16 Carriages” singer in January 2023. The notice claimed that Beyoncé had not made proper payments on two tax returns, resulting in a debt of $2.7 million, including taxes, penalties, and interest. The IRS alleges she owes  $805,000 in taxes and $161,000 in penalties for 2018, $1.4 million in taxes, and $288,00 in penalties for 2019.

Challenging the IRS’s claims, the mother of three filed a petition in April 2023 with the U.S. Tax Courts, denying any debt to the IRS. She argued that the reported figures were incorrect and that she was unfairly denied deductions amounting to millions of dollars. The singer stated that the IRS denied her deduction of nearly $870,000 in charitable donations and $473,000 in legal fees.

According to RadarOnline, Queen Bey is not willing to pay the penalty fees. She reportedly believes the penalty fees shouldn’t apply to her because she meant no harm and “acted reasonably and in good faith.”

A representative from the IRS denied each allegation in the filed petition and defended the hefty tax bill. They are also asking the judge to deny her petition. Seemingly, both parties are unwilling to back down, causing the case to go to trial.

Beyoncé’s Tax Trial Delayed

Beyoncé’s day in court was scheduled for May 2024 but has recently been delayed. The 42-year-old filed a motion for continuance on April 2, 2024. The IRS agreed to honor the motion. Her legal team did not give a reason for filing the continuance. The case has no new start date yet and longer appears on the court calendar.

In court documents, Judge Maurice B. Foley stated, “This case is stricken from the trial session. The undersigned retains jurisdiction. The parties shall file a status report or proposed stipulated decision by 07/05/24.”

If the two parties cannot reach a decision by July 2024, this case will go to trial in the U.S. Tax Courts. Both sides will have to convince the judge, as a jury will not be present.

Beyoncé, represented by Michael C. Cohen, has not made a public statement regarding her tax woes. RadarOnline also reported that Jay-Z is not indicated in the case because they do not file joint taxes.

If the singer cannot prove her case, the court will order her to pay the $2.7 million tab. The singer reportedly racked in over $500 million during her Renaissance World Tour, and fans already anticipate an upcoming summer tour of her new country-esque album, Cowboy Carter. Nevertheless, if the court orders Bey to pay, the tax bill won’t put a dent in her billionaire status



Source link

Tags: BEEHAWBeyoncésBillDelayedIRSMillionTaxtrial
Share30Tweet19
rmtsa

rmtsa

Recommended For You

The Finest Smartphone Gaming Accessories In 2025

by rmtsa
May 29, 2025
0
The Finest Smartphone Gaming Accessories In 2025

Alongside scrolling endlessly through social media and sending messages in the group chat, many smartphone users enjoy gaming in their spare time. It’s convenient as it can be...

Read more

Koyo Kouoh, Curator of 2026 Venice Biennale, Dead At 57

by rmtsa
May 28, 2025
0
Koyo Kouoh, Curator of 2026 Venice Biennale, Dead At 57

Source: MARCO LONGARI South African curator Koyo Kouoh has died at the age of 57, according to BBC News. The Cameroon-born art legend was set to become the...

Read more

Funniest Tweets From The 2025 American Music Awards

by rmtsa
May 28, 2025
0
Funniest Tweets From The 2025 American Music Awards

Source: Ethan Miller/Getty Images Well, last night’s AMAs was surely something with a few buzzy moments headlined by host Jennifer Lopez‘s spirited opening performance sequence where she razzled...

Read more

The Stroke They Didn’t See Coming

by rmtsa
May 28, 2025
0
The Stroke They Didn’t See Coming

Amr Bo Shanab/Getty Images It started as a regular Monday morning in November 2018 for 42-year-old Nicholas Powell. Then suddenly, while sitting at his desk, the room started...

Read more

Denise Bidot Slams Lil Wayne For Alleged Mother’s Day Breakup

by rmtsa
May 27, 2025
0
Denise Bidot Slams Lil Wayne For Alleged Mother’s Day Breakup

Source: Prince Williams Lil Wayne and longtime girlfriend Denise Bidot have called it quits. In a lengthy Instagram video shared May 11, the 38-year-old plus-sized model claimed that the rap star...

Read more
Next Post
Derek Hough’s Wife Hayley Officially Cleared to Rejoin Dance Tour

Derek Hough's Wife Hayley Officially Cleared to Rejoin Dance Tour

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • Summer House Reunion: Paige DeSorbo Questions Craig’s Ring Claim
  • Jennifer Lopez Doesn’t Care What Critics Think About ‘Lesbian Kiss At AMAs
  • Diddy trial: Celeb stylist says he saw Combs ‘hit and kick’ Cassie Ventura – National

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In