No matter who you are, how famous you might be...Uncle Sam will eventually catch up with you if you skip out on paying your taxes.
I don’t know if you know, but the IRS has probably succeeded the NYPD as the biggest gang in America – in my opinion. They even have a rap division like the NYPD! I am hearing they are now all over Flo Ridah. Since I am broke, I think these are rich people problems that Flo Ridah may be having. The dude is doing his damn thing on that pop-hop tip. But, in making millions and millions, you get huge tax bills as well. Now, back in September, he had some issues, but seems like they are back again. Now, before we get to the rumors, lets get to the facts.
Anyway, I have heard that the IRS is now swooping BACK AGAIN for more millions. I am not sure how or why specifically but I’m getting that the dude Flo is dealing with it. In fact, my source is telling me that Flo is so ill with his money that he has the CASH on hand if it gets to having him pay such a large bill. Cray! But, he’s got lawyers and such and they are going to handle that for him, keeping the bill as low as possible.
Flo, just pay up or you really will be crying...in the pen!
In a time where so many entertainers are being busted for not paying Uncle Sam. It's nice to see someone is actually paying their bills. Notoriously known for having financial issues in the mid to late 90's. Hammer was another one on the list of artists/actors who was recently being sued by the government for owing $779,000 in back taxes. However, Hammer says the debt had been taken care of and he even has a receipt for the payment stamped by a U.S Federal Judge. (Note to self: Keep all reciepts they are life savers). Hammer, born Stanley Kirk Burrell admitted to mismanaging his money during the early 90's. Although Forbes magazine estimated his net worth in 1991 alone to be over 33 Miliion dollars, Hammer had over 200 employees all whom were from his community in Oakland, his payroll had exceeded a million dollars a month at times. I suppose it's good to look out for the homies in the hood, but what happens when you run out of money and homies turn their backs on you, that was a lesson Hammer had to learn the hard way I suppose!
Cash Money/Young Money Records artist Bow Wow owes the IRS over 91,000 in back taxes!
A lien by the IRS was issued to Bow Wow for unpaid taxes for the year of 2006.
His new album from CMYM Records "Underatted" was supposed to be released December 6th, but has been pushed back to 2012. Could this have been the bump in the road?
Looks like Soulja Boy is building up his rep with the government. All that swagg cost I guess. LOL
According to allhiphop.com Soulja Boy owes the state of California $26,805, while the state of Mississippi was seeking $3,571 in back taxes, but the full amount was paid last week.
Additionally, Soulja Boy's $280,000 home in McDonough Georgia, was foreclosed upon last year.
Two more years in jail time added today (July 18th), after failing to pay over $3 million to the IRS.
According to Allhiphop.com, Ja Rule was accused of failing to pay the IRS millions of dollars in taxable income that was earned from 2004 to 2006.
According to The Associated Press, the jail time will run concurrently with his two year sentence for attempted criminal possession of a weapon, stemming from a July, 2007 incident.
The new jail time means that job role could serve an extra 4 to 12 months in prison for the tax violation.
"I in no way attempted to deceive the government or do anything illegal," Ja Rule said, reports the AP.
"I was a young man who made a lot of money -- I'm getting a little choked up -- I didn't know how to deal with these finances….
Rule's previous sentance was pushed back by the judge so he could finish his album in order to satisfy the IRS.
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