Pop star Britney Spears is challenging a Notice of Deficiency from the IRS related to her 2021 personal return, disputing adjustments of approximately $721,000. The dispute arises from an IRS audit of Shiloh Standing Inc., a company created by Spears's father during her conservatorship to handle music-related income, which was found to have non-deductible business expenses and increased taxable income.
She sang “Oops!… I Did It Again,” and the IRS seems to agree. Add a little “Gimme More,” and suddenly Britney Spears is not topping charts, she is answering a Notice of Deficiency. For a pop star whose finances lived inside court filings for more than a d...
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