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Lil Wayne Owes IRS $1.13 Million in Back Taxes

July 19, 2010 5:41 PM | Lil Wayne | Rap | Comments (0)

Lil WayneAccording to reports, the IRS created a special tax unit in 2007, and the purpose is to investigate entertainers and athletes.  As a result, it's reported that Lil Wayne owes more than $1.13 million in back taxes. The imprisoned rapper owes from 2004, 2005, and 2007. In June, the IRS filed a lien against Wayne’s charity, One Family Foundation in Florida.

A rep from the global touring and accounting company RZO Productions said, “A few years ago, they concluded that athlete and entertainer taxes might be escaping their radar. So they reinstated a division to only deal with this area.

Some rappers use their charities for capital gain. IRS is doing investigations on that. Other artists who have been found out include Suge Knight, DMX, Nas, Snoop Dogg, Swizz Beatz, and Method Man.

This is not the first time Wayne’s been busted cause he had been through tax trouble before. In 2008, a lien was filed against him for almost $1 million in back taxes.


 

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