Lil Wayne Owes The IRS $12M

Uncle Phil 36

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Lil Wayne must not have an accountant. Reportedly, Weezy F. Baby owes the IRS $12M after failing to pay taxes in 2011 and 2012.

Reports TMZ:

According to a tax lien -- obtained by TMZ -- Weezy failed to pay taxes for 2011 and 2012. For 2011 he owes a staggering $5,843,952. And for the following year, even worse -- $6,311,132.

Wayne has had his financial issues. He owed $7 mil for back taxes in 2008 - 9, but he cleared the debt in 2012.

He's also had legal issues. In 2012 ... Wayne famously lost a case against Quincy Jones' son after thumbing his nose at the court. A jury socked Wayne for $2.2 mil.

Wayne is reportedly worth $135 MILLION.

As Weezy says, "You got money and you know it. Take it out your pocket and show it and throw it."
 

TrifeGod

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12 Mil is like 5,000 to the average man when we are talking about Lil Wayne and Young Money. They Billionaires, they get that paper.
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