News: Lil Wayne Owes A Milli In Taxes, $1.13 Mil Debt Records Leak Online
Friday, Jul 16, 2010 11:10AM
Incarcerated rapper Lil Wayne reportedly owes over $1 million in taxes to the Internal Revenue Service.
According to reports, a tax lien was filed against Wayne in early June.
Lil Wayne owes some serious cash money to the IRS, which filed a $1.13 million tax lien against the star last month, according to Florida court records. The IRS filed a $1,138,760 lien against Carter on June 3 in Dade County (Fla.) Circuit Court. According to the lien, which you can see here, he owes income taxes from 2004, 2005 and 2007. The address on the lien is the same office occupied by his One Family Foundation charity. (Detroit News)
Producer Bangladesh recently accused Cash Money Records co-owner Baby of withholding money from Wayne.
"This is why Manny Fresh don't f*ck with [Cash Money] because he never got any royalty money," he said in an interview. "That's why Baby can go around flaunting this cash, because that's everyone else's money... It's not even Wayne's fault. Wayne is not getting money. He is given money, he's not getting money. If Baby gets a million dollars he'll buy Wayne a Phantom, but that's in Cash Money's name. That 14-bedroom mansion isn't Wayne sh*t. That's why he have his own company, because he was trying to leave Cash Money and the only thing that would keep him there was [if they] gave him his own thing. But Baby still controls that. All those Young Money artists don't even know that they not getting royalty money." (VIBE)
Currently incarcerated on a gun conviction, Wayne released a letter to fans this week.
"So I've been writing and let me be the first to tell you that the lyrics that I'm writing are... well there's no word that I can think of that properly defines them. Amazing would be too typical and perfect would be unfair. I listen to the radio sometimes, emphasis on sometimes, and I hear the new music. I like some. I applaud my Young Money family for what they're doing. As I'm not surprised. This is what we're supposed to do. Congrats to Drake and Nicki for all their recent success. Those 2 are going to have me retiring early. I love my team. Much love to Tez and Mack. I know that people are inquisitive of what I do all day, so here goes. I wake up around 11AM. Have some coffee. Call my kids, and my wonderful mother. I then shower up. Read fan mail. Have lunch. Back on the phone. Read a book or write some thoughts down. Have dinner. Phone. Pushups. Then I listen to ESPN on the radio. Read the bible, then sleep. That's my day." (Weezy Thanx You)
Despite serving a one-year jail sentence, Wayne could be out as early as November.
Lil Wayne is approximately halfway through his one-year jail sentence, which began March 8 when the superstar MC turned himself into authorities after reaching a plea deal. According to prison records accessed by MTV News, the rapper has a projected release date of November 4. Pending any violations or infractions for behavioral issues, the rapper is expected to see the light of day eight months after entering prison. (MTV)
Check out a pre-jail Lil Wayne interview down below: