Jermaine Dupri famously rapped “money ain’t a thing,” but this is probably not what he had in mind. The Atlanta Hip-Hop mogul, So So Def Records founder and producer/rapper has been hit with an $800,000 bill courtesy of the IRS.
Jermaine Dupri is SO SO Def screwed … Uncle Sam just slapped the hip-hop mogul with a giant tax bill … to the tune of $800,000.
According to two separate tax liens filed by the IRS (everyone’s fav government agency) … Dupri needs to cough up tax dough from the years 2008, 2010 and 2011. Here’s the breakdown:
2008: $646.47 (not so bad)
2010: $140, 889.76 (could be worse)
2011: $657,156.12 (hello, worse)
Grand total allegedly owed — $798,692.35.
Calls to Jermaine’s reps have not been returned.
Of course JD is no stranger to tax bills. He recently paid off a $3 million tax lien for unpaid taxes in 2006. Prior to that he coughed up $500k to the State of GA for unpaid taxes.
We’re sensing a pattern …
Unfortunately, JD has been in the news lately more for his financial issues than his music. In late May, Dupri was reportedly in jeopardy of losing the rights to So So Def’s music due to an unpaid loan. Also, earlier this year his Atlanta home was under the threat of foreclosure because of a dispute the “Welcome To Atlanta” rapper had with the mortgage company.
Dupri may want to handle his troubles with Uncle Sam stat. Ask Ja Rule, Lauryn Hill, Fat Joe and many more, the IRS doesn’t play.
Photo: So So Def