Monday, 4 April 2011

Lil Wayne Hit With Federal Tax Lien

IRS imposed lien on Wayne's multimillion-dollar Miami home for nonpayment of income taxes.
By Alvin Blanco


Lil Wayne
Photo: Kevin Mazur/ WireImage

Lil Wayne's pockets are about to get a bit lighter, because Uncle Sam wants his fair share. The New Orleans rapper was hit with a federal tax lien to the tune of $5.6 million.

According to The Detroit News, the IRS lien, dated March 2 but made official on March 28, was filed in Miami Dade County and notes that Dwayne M. Carter has an unpaid income-tax balance due of $3,351,078 for 2008 and $2,258,956 for 2009. The Miami Beach, Florida, address listed on the lien is for Wayne's 15,101-square-foot mansion, which is currently on the market for a shade under $13 million.

This is not the first time Lil Wayne has had to settle an overdue tax bill. Last year, the Young Money CEO was hit with a lien by the IRS that totaled $1.1 million for income tax years 2004, 2005 and 2007.

Wayne, who reportedly paid the $1.1 million he already owed, will want to make sure he takes care of overdue taxes sooner rather than later. Recently, Ja Rule pleaded guilty to tax evasion in a federal court in New Jersey after admitting that he neglected to pay taxes on more than $4 million in income between 2004 and 2006. Already facing two years for attempted gun possession (Lil Weezy was arrested the same day as Ja Rule, resulting in his eight-month incarceration at Rikers Island), the Queens rapper will be sentenced for the tax evasion charges in June as well.

Lil Wayne is currently on his I Am Still Music Tour, where he recently received a lap dance from Nicki Minaj during her show.

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Source: http://www.mtv.com/news/articles/1661259/lil-wayne-tax-lien-irs.jhtml

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