Tag Archives: taxes

The U.S. Government Is Suing Ja Rule For $3 Million in Unpaid Taxes

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Source: Cassidy Sparrow / Getty

Looks like Ja Rule is once again about to take on the United States government as the IRS is zeroing in on the former face of Murder Inc.

Radar is reporting that the Queens rapper allegedly owes Uncle Sam over $3 million in federal taxes. Really?! When he’d start making millions like that again?! (no shots). According to the lawsuit filed by lawyers representing the United States of America, the artist born Jeff Atkins owes $3,139,237.76 for royalties made in 2005-2010 and 2012-2017.

The breakdown is $357,421.23 (2005), $518,700.88 (2006), $348,087.49 (2007) $267,193 (2008), $198,817.99 (2009), $47,901.53 (2010), $128,926.37 (2012), $116,720.65 (2013), $229,577.62 (2014), $212,270.42 (2015), $526,431.46 (2016) and $187,188.52 (2017). 

The IRS claims despite numerous demands for payment, Ja Rule refuses to pay up on the bill. They are demanding the court enter a judgment against Ja Rule and his wife for $3.1 million. The rapper has yet to file a response to the case but has hired his longtime attorney, Stacy Richman. 

We’re not sure why Ja doesn’t work out some kind of payment plan with the government because this the kind of stuff that gets white folk put in jail.

So we imagine Uncle Sam will have no problem throwing a rapper from Queens behind bars for not coughing up his money. The last time something like this happened, Ja Rule was sentenced to 28 months in prison for failing to pay $1.1 million in taxes but worked out a deal to pay $1 million of the money owed. Saved himself a whole $100,000.

But who knows, maybe Ja Rule doesn’t have that kind of money and is just buying time to get his weight up and pay off what he owes. Either that or get his money right to just dip and move to Costa Rica or something. He should get Vin Diesel on the phone and try to get back in the Fast & Furious franchise or something.

Photo: Getty

Source: HipHopWired.com

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State of New York Issues Tax Warrant Against DMX for Over $200K Debt

DMX has not completely removed himself from legal trouble as the state of New York stated the iconic rapper owes hundreds of thousands in back taxes.

The Divison of Taxation in New York has placed a tax warrant against DMX saying he owes $224,845 in state income taxes, BOSSIP reports.

Years ago, DMX did a year-long bid in prison due to tax fraud after withholding income taxes for a total of $2.2 million. In 2018, X also had a tax lien against him for $20,030.26 and another for $230,409.74 in 2014.

X’s lawyer, Murray Richman, stated that the rapper is doing well and the lien was anticipated. In a statement to BOSSIP, he also detailed that DMX is in Tennessee working on a documentary.

In addition to working during the quarantine, X has been stay in tune with his faith. He read scripture to the world back in April, which fans then requested he lead a bible study. When asked to get active during quarantine sessions like IG Live VERZUZ battles, DMX stated he would only step in the wring with JAY-Z.

The post State of New York Issues Tax Warrant Against DMX for Over $200K Debt appeared first on The Source.

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President Trump Ordered to Turn Those Tax Returns To Manhattan D.A.

President Donald Trump wants everyone to know that he is rich, the “Master of The Deal” and one of the most profitable businessmen that America has ever known. He wants you all to know that! However, since his presidential candidacy, he has refused to ante up his tax returns so that the voting public can see what the deal really is.

He has to this date, not released them. Despite, Auntie Maxine Waters (our distinguished Congresswoman from California) tapping him to do so.

READ MORE: Donald Trump Transcripts Released; President Asks Foreign Government to Spy on Joe Biden

Well, all of that is about to change. According to The New York Times, on Monday, Oct. 7, a federal judge named Victor Marrero rejected the POTUS’ claim that he (and all presidents for that matter) can’t be investigated for criminal activity. Before you say “duh??!!!!,” and push forward to the next story, there is a reason this is important. Because of this ruling, the Manhattan D.A.’s office  is able to subpoena Trump’s personal and corporate tax returns.

President Trump’s team made an appeal to the court and they agreed to temporarily “block the order.”

Check out the documents as presented by the the New York Times.

Court ruling in Trump v. New York D.A. (PDF, 75 pages, 1.98 MB)

Judge Victor Marrero’s Ruling

The post President Trump Ordered to Turn Those Tax Returns To Manhattan D.A. appeared first on The Source.

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Bawse Move: Rick Ross Paid IRS $5.7M Over Past Two Months

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Source: Derrick Salters/WENN.com / WENN

Rick Ross owed the IRS millions in unpaid back taxes resulting in liens on his assets and bank account. Now, the MMG Bawse can get back to offering lemon pepper wings to his high-profile pals after dropping a $1 million payment to clear a total of $5.7 million paid to the IRS in all.

The Blast reports:

On October 23, the IRS filed a release of a federal tax lien that had originally been filed against Ross back in 2016. The rapper owed a total of $1,147,141.77 in back taxes for the years 2013 ($576,441.53) and 2014 ($570,700.24).

Ross forked over the $1.1 million and the IRS has released the lien as a result.

The rapper is on a roll with paying off his debts after he paid the IRS a whopping $4.6 million in October for a lien over unpaid 2012 taxes.

In all, Rozay has paid $5,764,512.63 to the government agency this year alone.

One thing that might not be questioned ever again is the depth of Rick Ross’ pockets considering he’s dropping millions, under pressure of course, like it’s nothing.

Ross has been relatively quiet on the music front but has got into the men’s grooming business with this RICH product line.

Photo: WENN

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