Busta Rhymes Owes IRS Over $780,000 In Back Taxes

[Remy Danton]

Either hip hop artists have the worst accountants or do not take paying taxes seriously. Today (May 28th), reports surface that Busta Rhymes owes the Internal Revenue Service over $780,000 in past due taxes.

Busta reportedly failed to make tax payment of $611,000 in 2008 and $178,000 in 2012.
In 2012, Busta Rhymes released Year of the Dragon, his first project after signing with Cash Money Records in 2011. Busta informed Vibe in February that he is planning to release his upcoming album Extinction Level Event 2 on July 4th.

Busta Rhymes Owes IRS Over $780,000 In Back Taxes | AllHipHop.com

 

[*L*E*G*A*C*Y*]

The number one enemy of rappers is taxes.

 

[Fart Knocker]

he better get on some more remixes

 

[Remy Danton]

The number one enemy of rappers is taxes.

true

 

[L&HH]

damn busts still eating like that?he has $600k tax payments

 

[Frida Giezman]

Do nikkas get caught up because they ain't trying to pay taxes on that show money?

Promoters pay these guys in cash right?

 

[Fart Knocker]

Do nikkas get caught up because they ain't trying to pay taxes on that show money?

Promoters pay these guys in cash right?

It was told to me like this (I could be completely wrong). Say a rapper makes $40,000 on a show. That night they blow $20,000 at the club, on bottles, etc. They wake up the next morning and see the money that's left and say "Looks like I made $20,000 from that show last night." They report that income to the IRS. Later down the line IRS comes through with the

 

[NormanConnors]

must have been doing all of those collabs for free

 

[Uncle Kingpin]

maybe he can pawn his collection of label chains, he wont get much for the flipmode chains but he should get a couple dollars off the aftermath and cash money chains.











Unless he went to Jacob for his jewellery

 

[really tho]

Look at him now

Owing PAPER

 

[TrifeGod]

Why do they only list rappers back taxes

 

[NSSVO]

 

[Easy-E]

Don't worry

Burrman gon' pay it off and own Bussa-Bust for life.

 

[L. Deezy]

he needs to hit that road and get that show money ASAP..

 

[deeznuts]

not this shyt again..











pay ya taxes yall nikkas is hustlin backwards