Return to site

Beyonce Battles the IRS: A Taxing Showdown

By WOM

April 30, 2023

SUMMARY

  • Beyoncé faces $2.69 million in back taxes from 2018 and 2019
  • The superstar's legal team disputes over $868,000, claiming it was donated to charity
  • A trial in Los Angeles has been requested, with the date yet to be determined

When Queen Bey sang about the "best revenge being your paper," it seems like Uncle Sam was taking notes. The 41-year-old musical powerhouse Beyoncé is now in a tussle with the IRS over a whopping $2.69 million in back taxes from 2018 and 2019.

The superstar isn't taking this sitting down, though. She's filed a petition for a trial in the City of Angels, with the date still up in the air. This comes after the IRS threw down the gauntlet, claiming Beyoncé owes over $800,000 for 2018 and a staggering $1.4 million for 2019, along with almost half a million in combined penalties.

Beyoncé's legal eagle, Michael C. Cohen, has swooped in, stating, "We are working with the IRS and anticipate that the matter will be resolved shortly." The dispute revolves around a cool $868,766, which Queen Bey's team claims was donated to charity and should be accepted as a deduction. The petition also highlights that she's acted in good faith and shouldn't be penalized if there's a deficiency in her tax payments.

With a history of supporting charities and her own BeyGOOD Foundation, Beyoncé has consistently used her influence to make the world a better place. Despite her impressive net worth of around $450 million, she remains a role model for millions, including California Rep. Robert Garcia, who recently honored her on the floor of the U.S. House of Representatives.

As Beyoncé preps for her upcoming Renaissance World Tour, fans are left wondering how this tax showdown will unfold. But one thing's for sure - Queen Bey isn't backing down.


WOM Money Picks

Be a part of the winning team | 81% Success Rate.