Rick Ross |
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2016-11-09 | Rick Ross Owes the IRS $5.7 Million in Unpaid Tax, Blames An Incorrect Filing | Rick Ross is in deep trouble with the taxman.
The “Hustlin'” rapper owes the Internal Revenue Service (IRS) some $5.7 million in back taxes, though his team is confident the matter will be settled shortly.
According to TMZ, which broke the story, Ross (aka William "Rick Ross" Roberts II) paid $5.7 million less than he should have from 2012 to 2014, a sum which breaks down to $4.6 million for 2012 and just over half a million in 2013 and 2014, respectively.
Ross has blamed an “incorrect filing” by a “prior accountant” for the multi-million dollar sum he owes.
The rapper’s reps shared the below statement, "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.”
He added, “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."
The feds have issued a tax lien, according to the report, and the rapper faces jail time if he doesn’t pay up. Source: BillBoard |
2016-08-16 | French Montana to Launch Las Vegas Residency With TAO Group | French Montana is gearing up for an exclusive Las Vegas residency with the TAO Group this fall.
The Epic Records rapper will perform hits past and present at TAO, LAVO and Marquee. His residency is scheduled to begin Sept. 17 at Marquee Nightclub with later dates yet to be announced.
The hip-hop artist will join the likes of Britney Spears, Rod Stewart and Jennifer Lopez, who occupy the strip with their fan-favorite hits. Montana holds six Hot 100 hits, with features on songs by Drake, Lil Wayne, Nicki Minaj, Jeremih, Kodak Black and Rick Ross.
The rapper is expected to drop his upcoming second studio album MC4 this week. The album is a continuation of Montana’s Mac & Cheese series. Tracks from the upcoming sophomore album will be included in Montana’s set during his residency with TAO Group. Source: BillBoard |
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