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(AllHipHop.com) After gaining the attention of fans earlier this week with a heart felt letter from behind bars, incarcerated New Orleans rapper Lil' Wayne is making headlines in a less favorable way.
Apparently the Internal Revenue Service (IRS) is after Lil' Wayne’s fortunes, seeking over $1.13 million dollars in back taxes for the years 2004, 2005 and 2007.
The IRS filed and a lien against his One Family Foundation this past June in Dade County Florida courts, as the lien maintains the same address as his charitable organization.
This is the second tax lien filed against Wayne in the last 2 years as in 2008 he paid off a tax debt of $977,840
Representatives for Lil' Wayne could not be reached for comments at the time of press release.
Multiple sources confirmed with AllHipHop.com that the IRS has a special unit that tails and tracks the artists, as one of the methods used to keep a tab on their earnings.
The “issue management team” was formed in 2007 and its goal is to get unclaimed tax money from athletes and entertainers in the United States and foreigners who come to tour the country.
“A few years ago, they concluded that athlete and entertainer taxes might be escaping their radar. So they reinstated a division to only deal with this area,” said Bill Zysblat of the global touring/accounting company RZO Productions.
A number of rappers have fallen into tax troubles since 2007.
Artists and executives like Suge Knight ($6 million), Nas ($3 million), DMX ($1.5 million), Lil Wayne ($1 million), Swizz Beatz ($645,000), Snoop Dogg ($598,000), Fat Joe ($140,000), Method Man ($40,000) and numerous others have had to account to the IRS in the past year alone.
A source told AllHipHop.com that in the pursuit of the tax dollars, a variety of artists have landed in trouble for other infractions, such as gun possession and a variety of drug charges.
The IRS is also investigating a number of record labels and artists, who ran money through their non-profits for commercial gains.
Source: AllHipHop
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Ice Cube took to his blog to update fans on the status of his new album, 'I Am The West' and take a shot at the Miami Heat.
Also a song that caused quite a stir when it first leaked because it sounds like Cube is going in a damn near everyone will be getting a video.
"Mark it on your calender. Sept. 28th is the new release date for I AM THE WEST. But I'm still droppin' song after song so look for "Drink the Kool-Aid" later this month. I want to give you the song wit visuals," Cube wrote.
And being a big sports fan and L.A. Laker supporter you knew Cube was going to throw a jab at the Miami Heat with their new additions of Chris Bosh and Lebron James to go along with Dwayne Wade.
After getting off stage at a Seattle, Washington concert that also featured Snoop Dogg, Cube had a chance to chop it up with The Doggfather.
"Kurupt is one of my favorite MC's. He's got complicated metaphors that's still gangsta.
15 minutes after he left the room in came Snoop. We talked about the Lakers kickin' the Celtics ass in the Finals. We laughed about LeBron joining The Heat. It won't work, Lakers are still the team to beat."
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Marion "Suge" Knight has seen the best of times, but right now he seems to be on the opposite end of that stick.
The man who once ruled the music industry with an iron fist has fallen on hard times.
In recent months Suge has been knocked out cold by a barber, been hospitalized after a scuffle at a night club. He's been filed on by two different women for failing to pay child support and now he can't pay his storage bills.
Conejo Valley Moving & Storage auctioned off Suge's personal belongings Saturday (February 20) to recoup a seven month old bill.
Items such as sppliances and gym equipment were sold as well as a large photo of Knight and the late Tupac Shakur that sold for only $100.
Total amount raised from the auction was $4500.
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Snoop Dogg Presents " Hustle Boyz " With Hustle Girl Eve Lora from eve lora on Vimeo.
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