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Tag : Internal Revenue

IRS Has Lil Wayne In Its Crosshairs For $12 Million In Back Taxes

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By Yolanda Spivey According to a recent report from TMZ, Lil Wayne is in big trouble with the Internal Revenue Service.  He reportedly owes the IRS $12 million after failing to pay back taxes for 2011 and 2012. The Young Money artist who is worth a reported $135 million, owes a staggering $5,843.952 for 2011 and $6,311,132 for 2012. TMZ is also reporting that this is not the first time Lil Wayne has…

Michael Jackson’s Estate Hit With $700 Million Dollar Tax Bill

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By David Bloodsaw Michael Jackson made a song entitled Money in 1995 and now that has been a major theme in his life and now his death. A litany of controversies have clouded the last days and death of the late iconic singer and now it’s the Internal Revenue Service’s turn. The L.A. Times reports at the time of Jackson’s death, his estate filed with the U.S. Tax Court that he was worth…