Iggy Azalea Is $400K In The Hole With The IRS

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Iggy Azalea is in a big financial hole with Uncle Sam.

TMZ reports that the rapper has been hit with a $391,056.55 tax lien by the Internal Revenue Service for the year 2014. That's the same year she became a big star with the release of her debut album, "The New Classic," which spawned the monster hit single "Fancy."

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Iggy just released "Team," the lead single from her forthcoming sophomore album titled "Digital Distortion." I'm sure she's hoping for a repeat of the success she had two years ago so she can wipe this debt out pronto.

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