Celebrity Tax Tuesday - Lil Wayne aka Weezy F Baby Surprisingly Has Tax Issues
I apologize. Wolf Tax took Celebrity Tax Tuesday off last week in appreciation for Memorial Day because, well, we wanted to, and also because we each had a brick of like 10 hot dogs sitting in our stomachs from Monday which was not ideal. We have a big Celebrity Tax Tuesday for you this week though. The one and only Lil Wayne.
Lil' Wayne, real name, DeWayne Michael Carter, Jr., makes a lot of money. Inherently, this means he owes a lot of money to the IRS. Problem is, he doesn't always pay in a timely fashion. According to multiple sources, over the past 6 years the IRS has filed staggering Federal Tax Liens against the rapper to the tune of $977,840 in 2008, $1.1 million in 2010, $5.6 million in 2011 and $12 million in 2014.
For those of you counting thats about $20 million dollars in delinquent tax debt! The penalties and interest Lil Wayne was charged by the IRS for paying those taxes late alone could have probably fed a small city for a year. Ugh, we hate to see people unnecessarily pay money to the IRS, especially when they could have fed that small city instead.
You'd think that a guy worth $135 million dollars would hire someone to prepare his tax returns and make sure he pays his bills on time. Alas, Lil Wayne is focused on being the self proclaimed "Best Rapper Alive". At Wolf Tax, we find that despicable! There's no way Lil Wayne is the best rapper alive right now! Oh and those tax debts are pretty bad too. Come on Young Tunechi, lay off the prescription strength cough syrup mixed with alcohol and sprite (some might just call it purple drank), and get your taxes in order!
Luckily, the Birdman Jr. hasn't spent all of his money just yet and was able to pay back much of his tax debt in large chunks. According to the Detroit News, Wayne paid off the 2008 tax lien of $977, 840 in one large sum and then paid off $7 million in 2012 for tax years 2008 and 2009. I repeat, he paid off $7 million at one time! Impressive stuff.
Don't celebrate yet though Young Carter. The big boy tax bill of over $12 million may still be lingering. That Federal Tax Lien wasn't filed against Wayne until March of this year. Hopefully, he has enough saved up to pay off that bill too, but if he doesn't, Wolf Tax knows how to solve his tax issues. Call us, Weezy F. Baby! You don't want to end up like Ja Rule, do you?
The lesson here is simple, if you don't pay $20 million in taxes on time, you will be charged penalties and interest that could potentially feed a small city for a year. The experts at Wolf Tax advise as follows: Don't give money to the IRS that could feed a small city for a year if you don't have to.
Call Wolf Tax at 1-888-WOLF TAX (965-3829)