Hip-Hop Wired » IRS

Lil' Kim Owes IRS Over A Milli In Taxes

Alvin aqua Blanco — Sat, 04 Feb 2012 13:57:41 +0000

Lil' Kim, last seen calling Drake a "motherf*cking b*tch @ss ni**a," must be ducking debt collection calls from Uncle Sam. The Queen Bee owes the IRS over $1 million in taxes, reports TMZ. Apparently the Brooklyn rapper has not paid taxes since 2002. After tacking on another $86,000 for 2009, her total in past due taxes has passed the milli mark.

With big plans for 2012, this is definitely not the type of platinum status Kim was seeking.

Dame Dash Admits To $3 Million Tax Debt, "I'm F*cked Up" [Video]

Miss Ls — Tue, 09 Aug 2011 15:36:47 +0000

Dame Dash Admits To Tax Woes

Reports recently came to light that Dame Dash owes $3 Million to the IRS and Dame admitted to the faux pas (to put it in light terms) in a recent interview on Sway Calloway's radio show on Shade 45.

"I owe way more than $2 million in taxes," said Dame. "That must've just been the IRS," said Dash, laughing. "Nah, nah, I'm f*cked up."

Dame continued, "They're auditing me. When you're a business man, you have a lot of businesses, a lot of times they think you're laundering money or you're pretending you're writing things off that you don't. I'm a true businessman. As you know, I believe in my independence, I have no partners, so every dollar I make goes right back into every business I have."

Dash also goes on to explain that an accountant holds a heavy responsibility within the business to properly report where expenses are going.

"If I have an accountant that just reports I just invested $10 million in my business and he doesn't exactly itemize where every cost goes, it gives a flag to the government. They want to make sure that the reason I'm not paying taxes is because I'm reinvesting in these businesses and not trying to hide stuff."

R. Kelly Owes Over $837,000 In Back Federal Taxes

C. Vernon Coleman II — Mon, 25 Jul 2011 15:59:07 +0000

R. Kelly Owes Over $800K In Taxes

R. Kelly's medical hiatus from performing seems to have come at the wrong time financially. The Chicago crooner reportedly owes over $837,000 in delinquent federal taxes, according to records recently obtained by DETNEWS. The IRS filed an $837, 442.59 lien against the singer on January 6.

Kellz recently had his debt to Uncle Sam lightened when the IRS lifted a $1,036,858 tax against him last month, but still has the $837K tab.

The singer also faces possible foreclosure on his $2.9 million Chicago mansion.

As previously reported, Robert was rushed to the hospital for an emergency throat surgery. He was released following the procedure and will take a break from performing to heal.

Ja Rule's Jail Term Moved Back

C. Vernon Coleman II — Wed, 09 Mar 2011 17:27:38 +0000

Ja Rule Will Begin Sentence In June

Rapper Ja Rule has three months to get his stuff together.

Today (March 9), the former Murder Inc rapper was reportedly given a delayed sentence so he could finish his upcoming album and ease his IRS woes.

Rule appeared in a Manhattan Supreme Court this morning, where a judge obliged the rapper's request to push his surrender date back until June 8, according to the New York Post.

"We want to finish the album, and there's also a tax issue," Ja Rule's lawyer Stacy Richman tells the NY Post. "Somebody, an accountant, had filed an incorrect form, and this is to correct what was done in the past."

Last year, Ja Rule pleaded guilty to a July 2007 gun possession charge and was sentenced to two-years in prison.

Since then the rapper, born Jeffery Adkins has been adamant about finishing a number of projects before his sentence starts.

In addition to finishing his long-awaited album, Renaissance Project, Rule recently finished filming his role in the faith-based film, I'm in Love With a Church Girl and is in the process of filming a reality show.

"My reality show, I like it because it's showing a strong black family going through a tough time," says Rule. "And how we band together as a family and how my wife and kids, my moms and her moms, bond together during this tough time when I have to go in."

Young Buck Indicted On Gun Charge, Facing 10 Years In Prison

Danielle Canada — Tue, 08 Mar 2011 14:41:47 +0000

Young Buck is back in headlines again, this time for being indicted in Nashville, Tennessee.

As previously reported, the IRS auctioned off several off his personal items after he faced a $300,000 tax lien.

Since then the ex G-Unit rapper filed for bankruptcy and reportedly sued 50 Cent for a contract dispute.

Now after moving past his money woes, Buck is in even more trouble after being indicted on a federal gun charge.

According to Nashville's WSMV News, Buck, real name David Darnell Brown, has been charged with being a convicted felon in possession of a .40-caliber pistol and ammunition.

Buck reportedly plead not guilty to the charge and is out on bond.

He must surrender his passport as terms of his release.

Buck was previously convicted of stabbing a man at the 2004 VIBE awards and can no longer carry a gun or ammunition.

Lil Kim Debuts New Music: “Clap, Clap “, 6'7” [Audio]

Danielle Canada — Thu, 13 Jan 2011 16:32:43 +0000

Kimmy Blanco a.k.a. Lil Kim is continuing her comeback trail into music and has debuted two new tracks from her upcoming mixtape.

As previously reported, the pint sized rap vet was spotted shooting the video for her “Black Friday” Nicki Minaj diss complete with a lookalike of the YM Barbie.

The video shoot was also for her latest track “Clap, Clap” featuring her IRS or International Rockstars team.

The track features subliminal disses at Minaj including the lines,

“So mention my name out your mouth/ And before you take a bow, we'll be clapping from the crowd.”

"Diss Lil Kim in ya songs and I'll be in the crowd with a round of applause."

In addition to Clap, Clap, Kim has released her take on Lil Wayne's track “6'7.”

Kim plans to release her new mixtape in February.
Listen to the latest from Lil Kim below.

“Clap, Clap”

“6'7”

Swizz Beatz Facing $2.6 Million Tax Lien

Danielle Canada — Tue, 11 Jan 2011 15:19:10 +0000

Swizz Beatz' tax troubles are continuing to add up now that the IRS confirms that he owes $2.6 million in back taxes.

As previously reported, news of Swizzy's tax woes broke in June with him owing a reported 2.2 million to the government.

Now the Detroit News reports that the number has jumped to $2.6 million for the producer and husband to Alicia Keys.

The IRS reportedly filed a $283,562 lien against Swizz Beatz on Monday with the New York City Register.

The address on the newest lien is Swizzy's mansion in Panoma, New York.

Trick Daddy Hits Up Barnes & Nobles To Promote His New Book “Magic City: Trials Of A Native Son” [Video]

Thu, 30 Dec 2010 16:26:30 +0000

Trick Daddy Book Release at Barnes & Nobles

Despite his recent tax troubles, Trick Daddy continues to promote his latest endeavour.

As previously reported, his book “Magic City: Trials Of A Native Son” hit stores in November and is co-written by NBC correspondent Peter Bailey, who assisted in penning the autobiographical tale on the trials and tribulations in the rapper's life including his current battle with Lupus.

The pair teamed up for the in-store and signed autographs for fans eager for a chance to meet the Miami emcee.

Peep The Video Below:

Trick Daddy Reportedly Owes IRS Over $150,000 In Back Taxes

C. Vernon Coleman II — Mon, 27 Dec 2010 19:59:36 +0000

Rapper Trick Daddy is the latest in a long line of artists that the Internal Revenue Service is claiming didn't pay their taxes.

Trick Daddy owes over $157,000 in back taxes for revenue he earned as far back as 2002, according the Detroit News.

The tax problem is just one of the rapper's monetary troubles. The Florida resident's $320,000 home in Miami was sold last October, after a bank foreclosed on it in May.

A lien was filed against Trick and his wife in September for $85,366 for money he earned in 2007, 2008 and 2009, while another one in July was filed for $16,709 for revenue earned in 2006. Trick was also hit with a separate lien in July for $54,979, for income taxes owed in 2002.

Trick isn't the only rapper who has run afoul of the IRS in recent months. Other artists called out by the feds this year alone include, Young Buck, Beanie Sigel and Wyclef.

Over the years, the IRS has kept a tight leash of the earnings of people in the rap industry. There is a laundry list of artists that have been in trouble for tax evasion over the years including Lil Wayne, Snoop Dogg, Obie Trice, Method Man, Eve, DMX, Nas, Swizz Beatz, Doug E. Fresh, Mos Def, MC Hammer, Lil Kim, Big Boi, Fat Joe and D12.

Trick Daddy released his autobiography Magic City: Trials of a Native Son, November 16.

Trick Daddy Signs Copies Of His “Magic City” Book [Photos]

Trick Daddy Releases Autobiography “Magic City: Trials Of A Native Son” [Video]

Celebrities Who Owe Thousands & Millions To The IRS

Jason Weintraub — Sun, 28 Nov 2010 16:46:54 +0000

Although we see them make so much money and get so much fame, one thing that don't separate celebrities from regular people are taxes.

From Actors to rappers, Uncle Sam does not discriminate when it comes to taxes and makes everyone pay no matter how rich or how poor.

There are only two things that are guaranteed to you in life, death and taxes.

So peep the page #'s below to see which celebrities are working on their guarantee a little bit harder than the rest of us.