State Champ Radio Back Taxes
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Uncle Sam is after Wendy Williams. The media mogul is apparently behind on her taxes and is in danger of losing her New York City condominium.
TMZ is reporting that the Ocean Township, New Jersey native is not current with her financial responsibilities to the government. Thirty Mile Zone says the former talk show host was served with a tax lien on her midtown Manhattan home located at 50 West 50th Street. The IRS estimates that Wendy Williams owes $568,451.57 due to unpaid taxes stemming from 2019 and 2021. According to records posted online the lien was originally filed in January of this year and was registered with New York City Department of Finance this February.
This is not the first time Wendy Williams has faced money woes. In 2022 Wells Fargo froze her accounts and filed a petition for a temporary financial guardianship citing that she is of “unsound mind”. As reported by Page Six she quickly refuted the claims and pointed the blame at a former “disgruntled” financial advisor. “This request for relief arises from, among other things, Wells Fargo’s failure and
refusal to reopen my personal, business, deferred compensation and investment accounts and unfreeze my financial assets, which has caused and is causing imminent and irreparable financial harm to myself, my family and my business,” she wrote in a statement.
Recently her Where Is Wendy Williams? documentary premiered in February. The Think Like A Man Too was shown to be confused, aggressive and at times drunk prompting concern from her fans and family. You can view the trailer below.
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Much like the song from her latest album, Beyoncé is heated over the Internal Revenue Service which claims she owes them $2.7 million in unpaid taxes.
According to reports, the singer filed a petition on April 17th protesting a decision by the I.R.S. to serve her with a tax bill demanding that she pay $2.7 million dollars in conjunction with a Notice of Deficiency back in January 2018 over the matter. The documents of Beyoncé’s motion include her stating that the I.R.S. committed multiple errors in reviewing her taxes from 2018 and from 2019. The full detail from the agency’s billing claims that the singer owes $805,850 in taxes and $161,170 in penalties for 2018. For 2019, the estimation was $1,442,747 in taxes plus $288,549.40. The interest added to those figures totals $2.7 million.
“We are working with the IRS and anticipate that the matter will be resolved shortly,” said Michael C. Cohen, an attorney representing Beyonce’s legal team. The singer notes in the petition that if there were discrepancies that occurred, she should not pay the penalties because she “acted in good faith”. The petition also alleges that the I.R.S. disallowed multiple deductions related to her business income, including utilities, insurance, management fees, legal services, and professional services for both years. An example presented by the lawyers in the petition state that the I.R.S. disallowed a charity contribution of $868,766 the singer claimed as an itemized deduction. The charity itself was unnamed.
Beyoncé has donated to numerous causes in the past and present. She created the BeyGood Foundation in 2013 to assist communities with mental health, education, and disaster relief among other issues. She and her husband, Jay-Z, have also jointly made charitable contributions. The most publicized in recent times was tied to their appearance in a new campaign for Tiffany in 2021, where a pledge of $2 million was made to Historically Black Colleges & Universities.
The news comes as the 41-year-old is on the verge of embarking on a highly anticipated world tour for her latest album, Renaissance. The tour is already projected to earn $275 million, which will add to her considerable net worth of $500 million.
Beyoncé also counts her Ivy Park streetwear brand in her portfolio, which she fully acquired in 2018 through her Parkwood Entertainment company.
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