News: Lil Wayne's $5.6 Mil Tax Debt Exposed
Monday, Apr 4, 2011 8:53AM
Young Money leader Lil Wayne's tax problems have once again emerged online showing the rapper owing over $5.6 million to the Internal Revenue Service (IRS).
According to reports, Weezy's debt relates to taxes he owes in Miami, Florida.
Platinum-selling hip-hop star Lil Wayne is in town tonight, live at the Palace. Don't be surprised if the IRS is waiting backstage to collect on a brand new $5.6 million tax bill. The IRS filed the enormous tax lien against him Monday in Miami. The IRS filed a $5,610,034 tax lien against Carter on March 28 with the Miami-Dade County Clerk. According to the lien, which you can see below, he owes income taxes from 2008-09. (Detroit News)
Last June, the rapper also had a million dollar tax lien filed against him.
Lil Wayne owes some serious cash money to the IRS, which filed a $1.13 million tax lien against the star last month, according toFlorida 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)
However, later reports showed Wayne paid off the debt in late November 2010.
Weezy can breathe a bit easier. Hip hop star Lil Wayne (real name Dwayne Carter), who is pulling for the Green Bay Packers in tonight's Super Bowl, recently paid off a $1.13 million IRS tax lien. "I certify that the following-named taxpayer, under the requirements of section 6325 (a) of the Internal Revenue Code has satisfied the taxes listed below and all statutory additions. Therefore, the lien provided by Code section 6321 for these taxes and additions has been released." (Detroit News)
In a recent interview, Wayne said he hoped to make $50 million by the end of 2011.
"At the end of this year, I want to be able to say that I banked $50 million," he said. "Not generated $50 million, but actually banked $50 million.'' (Interview Magazine)
Check out some recent Lil Wayne footage down below: