Rick Ross Owes $5.7 Million in Taxes
Ross has issued a statement on his financial situation, saying that his accountant is to blame for the massive tax lien.
"I've been fortunate enough to experience financial success on a large scale through both my music career and my many business ventures. With this type of financial success comes financial responsibility. As artists we are blessed to be able to make money, but on the same note, are held accountable for our federal tax obligations just like everyone else. I am fully aware of my current dealings with the IRS. This issue arose from an incorrect filing by a prior accountant for the 2012 tax year. My new team of accountants have corrected the prior filing, and as anyone who has dealt with the IRS understands, it is a process. We have already satisfied a large portion of these issues and I can assure you that we are working very closely with the IRS to bring a full resolution shortly and will continue moving forward in a positive direction!"
TMZ reports that the IRS went through Ross' taxes from 2012 through 2014. The media outlet obtained documents that show the MMG frontman owes about $4.6 million from 2012 alone, and then about $570,000 apiece for 2013 and 2014. A tax lien has been issued against the "B.M.F." rapper, and the IRS could seize his assets if he doesn't pay up.
In music-related news, Ross recently hopped on Solange's song "Cranes in the Sky" for a new remix. The original record is from the singer’s critically acclaimed album, A Seat at the Table. Ross raps, “Rossfit, I put her up on hot yoga/Wheatgrass, shot of ginger, pot smoker/I love her attitude in that new body suit/I love a graduate who can get kind of loose/Cribs so big, cranes in the sky/Standing on the stage, chains side to side/I fuck her on the back if she don’t want to ride/I bring another one I like to dramatize."
Three weeks ago, the MMG team released its Priorities 5 mixtape. The 22-track mixtape is a collection of previously released tracks, new remixes and songs from lesser known MMG artists. Rick Ross’ “No U-Turns” shows up, as does the freestyle Meek Mill kicked for Funk Flex and Hot 97.
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