The Detroit Newsis reporting that the former “Pimp My Ride” star owes nearly $1 million dollars in delinquent federal taxes.
According to the report X has filed for bankruptcy twice since 2009. Citing financial liabilities exceeding $1.4 million with assets of only $739,433. Both filings were dismissed for various reasons.
Much of the rapper’s financial trouble can be traced back to MTV’s cancellation of “Pimp My Ride” in 2007. X’s income went from $497,175 in 2007 to $67,510 the following year.
He reportedly agreed to start paying the IRS $250 dollars a month in 2009. That amount won’t even put a small dent into what’s owed.
Xzibit currently starring in the ABC show “Extreme Makeover: Home Edition.”
What's owed:
The IRS filed a $22,196 lien against him Nov. 2 with the Los Angeles County Recorder.
The IRS filed a $435,487 lien July 21, 2009, with the Bernalillo County Clerk in New Mexico, where he owns a home.
The IRS filed a $205,485 lien Feb. 4, 2009, in Los Angeles County. He owes income taxes from 2007, according to the lien.
The IRS filed a $296,355 lien April 17, 2008, in Los Angeles County for unpaid income taxes from 2006, records show.
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