Damon “Dame” Dash‘s financial troubles are officially out of control. The Roc-a-Fella Records co-founder has been hit was $2.8 million dollar tax bill courtesy of the IRS.
Dash — who co-founded Roc-A-Fella Records and Rocawear with Jay — has been open about the fact that he’s drowning in debt … despite the fact that at one time he was half-king of a multi-million-dollar business.
Now, his financial problems have worsened. Uncle Sam filed a federal tax lien against Dash, claiming he needs to cough up some un-paid tax cash for the years 2005 and 2011. The breakdown:
Grand total: $2,802,262.30 … i.e. a whole lotta cheddar.
The 2005 bill is clearly larger … which makes sense considering Hov and Dash parted ways back in 2004 — meaning in 2005, he was probably still raking in some major-taxable bucks. 2011 … not so much.
FYI — Dash has said he owes millions in back taxes to the State of NY and NJ and claims he’s lost multiple properties to foreclosure.
Meanwhile, Jay … is still super rich.
On a recent stop though The Combat Jack Show, Dash admitted to be having some financial issues but assured listeners they were manageable. Considering heads like Ja Rule have done prison time, and Fat Joe and Lauryn Hill are about to do prison time, for failing to meet their tax obligations, we sincerely hope Dame Dash figures a way of this mess, and stat.
Recently, the Harlem native hit up Instagram to say he liked his former partner’s new album, Magna Carta Holy Grail. It has also been rumored that years ago, Hova bailed Dash out of some debt even despite their infamous fall out.
Photo: Sara Jayeabaca