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April 5th, 2011, 10:37 GMT · By

Lil Wayne Owes the IRS $5.6 Million in Unpaid Taxes

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Lil Wayne owes $5.6 million in back taxes, report claims
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Rapper Lil Wayne is getting ready for the release of a brand new album, but the IRS has other plans with him. A lien has just been issued in his name, ordering him to pay $5.6 million in back taxes, it has emerged.

Issued on the address of his fancy mansion on a private Miami island, the lien specifies that Lil Wayne has not paid taxes for the money he made in 2008 and after, PopEater reports.

“Lil Wayne is in trouble with the government yet again. Though the Young Money boss recently paid off a $1.13 million tax lien in Dade County, Fla., in November 2010, he has reportedly been hit with another IRS bill, this time for a whopping $5,610,034,” the e-zine says.

As of now, the rapper has not issued any statement on his latest financial troubles.

“According to the new lien, Wayne owes $3,335,077.95 for revenue earned in the year 2008, and $2,258,956.04 for 2009,” PopEater says.

Ironically, “the address listed on the lien is Weezy’s $12.9 million, 15,101-square-foot mansion on a private Miami island, which is apparently for sale,” the e-zine notes.

“Wayne is currently listed as a self-employed small business owner. His long awaited new album, ‘Tha Carter IV,’ hits stores May 16,” PopEater writes.

Speaking of the album, in a recent interview with Interview magazine, conducted by no other than heiress and singer Paris Hilton, Lil Wayne said that his goal for 2011 was to bank $5 million, presumably with the help of the album.

If he manages to pull this amazing feat of making $5 million (his own money, not overall sales), he will probably use it to pay off his outstanding IRS debt.

In the same interview with Paris, Weezy also talked about his pets and how he has a fish tank at home in which he keeps two sharks, a thought that made Chihuahua-loving Paris shudder. 

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READER COMMENTS:


Comment #1 by: dubble on 05 Apr 2011, 12:40 UTC reply to this comment

that's something he needs to stay on top of because at this stage of his career he doesn't need anything to knock him off his pimpin!

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