News: Nas Promises To Address $6 Million Tax Woes, "My Side Of The Story Is..."

Thursday, Mar 29, 2012 4:35PM

Written by Rosario Harper

Rap veteran Nas has remained mum after making headlines for owing millions of dollars in back taxes, however, the QB artist has promised to address the monetary matter on his upcoming LP- Life is Good.

Aware of the infamy and attention the issue has drawn, Nas said fans can look forward to getting his perspective on his IRS setbacks via his new album.

If you want to know Nas' take on his multimillion-dollar tax woes, then you'll have to buy his new album. In February, TMZ reported that Queensbridge MC owes more than $6 million in back taxes, and now the Internal Revenue Service plans to garnish wages earned from his music publishing until things are even Steven. Ever the wordsmith, Nas got creative with his "no comment" comment when he appeared on "RapFix Live" on Wednesday. "My side of the story is on the record and I speak about it on the record," he said of how he plans to address his tax troubles on his upcoming Life Is Good LP. (MTV)

Recent reports claimed the government will soon step forward and take action on Esco's debt. 

The next time you buy a Nas album, you're really just handing your money over to the government -- because the rapper's delinquent tax filings have caused Uncle Sam to begin garnishing his wages ... TMZ has learned. As TMZ first reported, Nas is in tax debt up to his eyeballs ... if his eyeballs were $6,000,000 tall. So the government has finally tired of waiting for Nas to pay up, so they filed documents in the state of Georgia to have his wages garnished -- via the music publishing organizations BMI and ASCAP -- until the debt is paid off. So if you like Nas, but hate the government ... perhaps you'll want to find an alternative way to listen to his music. (TMZ)

A month ago, unflattering reports emerged online showing the rapper's tax woes.

Nas is great at a lot of things ... rapping, feuding ... but paying taxes isn't one of them ... and now he's on the hook for another $339,000 he allegedly kept from Uncle Sam. According to official documents obtained by TMZ, Nas never forked over $339,005.49 in federal income tax he owed for 2010 ... and now the U.S. government has obtained a lien on his property. Being a tax scofflaw is nothing new for Nas ... according to public records, dude is also on the hook for more than $6 MILLION DOLLARS in back taxes from previous years. We called Nas for comment -- so far, no response. (TMZ)

Last year, the rap mogul's financial follies hit the Internet and made headlines in entertainment.

Nas is the latest rapper to make headlines for tax troubles. God's Son reportedly owes the government over $6 million for a property he owns in Eagles Landing, Ga. This isn't the first time Nasir has has problems with the IRS; for the last three years he filed liens. In addition, the Queens, NY MC reportedly owes money for his condo in his hometown. Managers of the building claim he failed to pay his $420 a month assessment fee since January of last year, and have also filed a lien. (XXL Mag)

Check out a recent Nas interview down below:

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