This outlet discovered that Knowles’ tax drama kicked off when the IRS hit her with a Discover of Deficiency in Jan. 2023, alleging that she did not correctly pay on two returns.
The IRS demanded a further $805k in taxes and $161k in penalties for 2018, plus $1.4 million in further taxes and $288k in penalties for the next 12 months which shall be accruing curiosity on the debt till paid in full, based on her petition filed final April.
She claimed the IRS made a mistake in disallowing hundreds of thousands of {dollars} value of deductions, together with $868,766 attributable to a charitable contribution carryover reported in 2018.