HipHopWired Featured Video

Lil Wayne must not have an accountant. Reportedly, Weezy F. Baby owes the IRS $12M after failing to pay taxes in 2011 and 2012.

Reports TMZ:

According to a tax lien — obtained by TMZ — Weezy failed to pay taxes for 2011 and 2012.  For 2011 he owes a staggering $5,843,952.  And for the following year, even worse — $6,311,132.

Wayne has had his financial issues.   He owed $7 mil for back taxes in 2008 – 9, but he cleared the debt in 2012.

He’s also had legal issues.  In 2012 … Wayne famously lost a case against Quincy Jones’ son after thumbing his nose at the court.  A jury socked Wayne for $2.2 mil.

Wayne is reportedly worth $135 MILLION.

As Weezy says, “You got money and you know it.  Take it out your pocket and show it and throw it.”

This news pretty much guarantees that Tha Carter V will drop on time and there surely will be a tour, too.