News: Fat Joe Wanted By The Taxman, $139K Debt Records Leak Online
Monday, Jun 14, 2010 10:50AM
Terror Squad rapper Fat Joe's leaked tax records show him owing more than $139,000 to the government.
Based on reports, the rapper owes state and federal taxes.
When rapper Fat Joe listed his $2 million Florida mansion for sale recently, the 39-year-old denied speculation the sale was spurred by financial woes. Yet he does have money problems, according to public records that reveal a recent $71,611default judgment in a lawsuit filed by his bank and more than $139,000 in delinquent state and federal taxes since 2008. The state of New Jersey filed a $2,200 tax lien against Fat Joe and his Terror Squad Productions Inc. on March 18 in New Jersey State Superior Court. The IRS filed a $31,987 tax lien against Fat Joe on Feb. 2 with the Mercer County (N.J.) Clerk. The state of New Jersey filed a $105,000 tax lien against Fat Joe and Terror Squad on Aug. 14, 2008, in New Jersey State Superior Court. (Detroit News)
Joe recently made headlines for putting his Florida mansion up for sale.
Rapper Fat Joe is selling his Plantation, Fla., home for $1,999,000, which could be considered a deal when compared to neighboring houses for sale, and by how much he dropped the price about eight months ago. His house at 1203 NW 121st Ave. was priced at $2,399,000 in October 2009, but in December 2009 the price dropped $400,000, or 16.7 percent, to the price it remains today. (Housing Watch)
The rapper later denied rumors that he was selling it due to financial problems.
"I'm selling my mansion, and I got a crib like everyone else in the world. I'm selling my home like everyone else in the world," Fat Joe joked. "Yea you know my wife she wants to move back towards the beach, we out a little west in the suburbs so you know. You know, a man just trying to live, just trying to survive man. (laughs)" (All Hip Hop)
Joe is currently putting together his new album, The Darkside for release later this summer.
"This album, I just wanted to take it to the streets crazy," Joe said in an interview. "When I go on tour I see a lot of my fans that are real loyal. They all kept telling me, 'Yo, Joe we want you to come back to the hardcore.' I tried to make them happy so I just took it all the way to the dark side. I'm just trying to give 'em that balance of that real street gritty Fat Joe -- the gangsta early Fat Joe -- but at the same time who also knows how to make hit records." (VIBE)
Check out some recent Fat Joe footage down below: