Tagged with: Financial Troubles
Suge Knight In Debt To The IRS For Over $6 Million Suge Knight In Debt To The IRS For Over $6 Million
Filed under: Music
Former hip-hop mogul, Suge Knight, just can't catch a break at all these days. It seems as though his karma has caught up with him. According to a recent report, the 44-year-old Knight doesn't exactly have his taxes in line, and is in debt to Uncle Sam ... to the tune of $6 million...
Eve Owes More Than $357,000 In Back Taxes: Report Eve Owes More Than $357,000 In Back Taxes: Report
Filed under: Music
Rapper/actress Eve seems to be a little behind on her taxes ... $357,000 delinquent to be exact, says a recent report. According to The Detroit News, the 31-year-old entertainer is delinquent on multiple state and federal taxes from 2008 and 2009...
Comedian Sinbad Broke -- Owes Millions In Back Taxes Comedian Sinbad Broke -- Owes Millions In Back Taxes
Filed under: Entertainment
Popular 90s comedian Sinbad is reportedly broke, and has filed bankruptcy after being hit with some hefty paid due tax bills from the government. The 53-year-old comedian reportedly owes more than $8.15 million in delinquent federal taxes, court filings indicated.
Retired NBA Star Derrick Coleman Sued For Defaulting on $200K Loan Retired NBA Star Derrick Coleman Sued For Defaulting on $200K Loan
Filed under: Sports
Retired NBA star, Derrick Coleman, is being sued by a Detroit corporation after defaulting on a $200,000 loan he hoped would spur the rebirth of his old neighborhood. Reports say he built a retail strip mall in Detroit, but stopped making the payments this summer...
<I>Giant</I> Suspends Printing Of Magazine, Launches GiantLife.com Giant Suspends Printing Of Magazine, Launches GiantLife.com
Filed under: Life / Culture
Yet another magazine seems to have bit the dust. Giant magazine announced Tuesday (November 30) that it will suspend printing of the bi-monthly magazine, and focus its efforts online, with the launch of GiantLife.com.
Outkast's Big Boi Owes Over $55,000 In Unpaid Taxes Outkast's Big Boi Owes Over $55,000 In Unpaid Taxes
Filed under: Music
Another hip-hop star is being called out by Uncle Sam. His name is Big Boi, or Outkast fame. According to reports, the 34-year-old rapper owes more than $55,000 in unpaid taxes to the state of Louisiana and they want their money.
Flavor Flav Behind On His Taxes, Owes More Than $180,000 Flavor Flav Behind On His Taxes, Owes More Than $180,000
Filed under: Music
Rappers having problems with the IRS seem to be a common theme as of late. Earlier this year, the Wu-Tang Clan's Method Man was feeling the pressure from Uncle Sam, then MC Hammer, Nas, and most recently DMX. Now, Flavor Flav is the latest to get behind on paying his taxes.
DMX Owes $1.5 Million in Back Taxes DMX Owes $1.5 Million in Back Taxes
Filed under: Music
Troubled rapper DMX backed out of an upcoming celebrity boxing match recently, but he may want to rethink that because he'll need the extra cash. Why? Because he owes a lot of money to the IRS -- $1.5 million that is.
Ex-NBA Star Antoine Walker Owes More Than $4.5 Million, Could Face Jail Time Ex-NBA Star Antoine Walker Owes More Than $4.5 Million, Could Face Jail Time
Filed under: Sports
Despite earning a reported $110 million over the course of his 13-year NBA career, former player Antoine Walker is apparently broke. The 33-year-old 6th overall draft pick of 1996 is in trouble, and due in a Las Vegas courtroom to answer to charges of fraud for writing bad checks to different casinos, totaling $1 million ... but he actual owes more than that...
Nas Owes $2.5 Million in Back Taxes ... Woah! Nas Owes $2.5 Million in Back Taxes ... Woah!
Filed under: Music
Kelis isn't the only person trying to dig into Nas' pockets. Looks like the IRS has come a knocking, and they want their cut of his cash too. TMZ has obtained a copy of a federal tax lien filed last month...
Soulja Boy Late On His Rent in L.A., Facing Eviction Soulja Boy Late On His Rent in L.A., Facing Eviction
Filed under: Music
Despite flaunting big jewelry and his bragadocious money talk, Soulja Boy Tell 'Em is behind on his rent and is in jeopardy of being evicted from his luxury Los Angeles apartment... his landlord claims he owes around $10,000 in rent and late fees.
Method Man Arrested For Failing To Pay His Taxes Method Man Arrested For Failing To Pay His Taxes
Filed under: Music
Rapper Method Man, of the legendary Wu-Tang Clan, was arrested on Monday (October 5), and charged with felony tax evasion. Accord to numerous reports, the 38-year-old rapper was picked up with New York police, after failing to pay over $32,000 is personal and state income tax from between 2004 and 2007.
Scott Storch Officially Loses Miami Mansion In Foreclosure Scott Storch Officially Loses Miami Mansion In Foreclosure
Filed under: Music
Scott Storch tried to hold on to his Miami mansion, after going through financial and personal problems the past few years. But, he has finally lost it.
MC Hammer In Trouble With The IRS, Cousin In Trouble With The Law MC Hammer In Trouble With The IRS, Cousin In Trouble With The Law
Filed under: Music
You'd think he would've learned his lesson already, especially since he blew threw more than $30 million in the 90s. Today, MC Hammer is facing more financial woes, specifically with the IRS.
Michael Vick's Lawyers Want $1.5 Million For Handling His Bankruptcy Michael Vick's Lawyers Want $1.5 Million For Handling His Bankruptcy
Filed under: Sports
Michael Vick may have gotten a break this week, when the NFL commissioner granted him a conditional reinstatement into the NFL with a possibly full reinstatement later in the season. However, his money issues continue for the moment. His bankruptcy lawyers want money, upwards of $1 million.
Chris Tucker Owes Millions In Back Taxes Chris Tucker Owes Millions In Back Taxes
Filed under: Entertainment
Chris Tucker is the latest celebrity that Uncle Sam says owes him money ... upwards of $3.5 million worth.
Foxy Brown, Toni Braxton In Trouble With The IRS Foxy Brown, Toni Braxton In Trouble With The IRS
Filed under: Music
Platinum selling artists, Foxy Brown and Toni Braxton, are reportedly in trouble with the IRS and have been hit with bills for thousands in back taxes.
<I>Vibe</I> Magazine Closing Its Doors Vibe Magazine Closing Its Doors
Filed under: Music
This news is no surprise, and prematurely reported back in May. But, reports are claiming that Vibe magazine is close to shutting its door, becoming yet another victim of the recession.
Evander Holyfield's Georgia Mansion Faces Foreclosure Evander Holyfield's Georgia Mansion Faces Foreclosure
Filed under: Sports
Financial troubles again? According to a recent report by the Atlanta Journal-Constitution, Holyfield's Fayette County, Georgia home is in danger of going into foreclosure for the second time this year.
IRS Wants $292K In Back Taxes From Robin Givens IRS Wants $292K In Back Taxes From Robin Givens
Filed under: Entertainment
Actress Robin Givens doesn't exactly have her taxes in line. After two unlucky relationships -- the first being Tyson -- Givens can now say she has an unlucky streak with the IRS.
Is <I>Vibe</I> Magazine Going Belly Up? Is Vibe Magazine Going Belly Up?
Filed under: Music
Is Vibe magazine the next urban print publication to go belly up? Rumor has it, the mag is almost on its way out.
Xzibit Facing Foreclosure? Snoop Dogg Behind On Taxes Xzibit Facing Foreclosure? Snoop Dogg Behind On Taxes
Filed under: Music
Rapper Xzibit is reportedly behind on his mortgage payments, and is facing foreclosure on his home. And Snoop is said to be behind on his taxes.
Scott Storch Arrested For Grand Theft Bentley Scott Storch Arrested For Grand Theft Bentley
Filed under: Music
Fallen platinum producer, Scott Storch, has re-surfaced. After months of falling under the radar, he has been reportedly charged with grand theft auto.
<I>King</i> Magazine A Wrap? King Magazine A Wrap?
Filed under: Entertainment
Less than a week after news broke that Blender magazine was closing its doors, it seems that another bites the dust. That magazine is rumored to be King, as a result of the current economic crisis.
Damon Dash Credits Money Problems To Generosity Damon Dash Credits Money Problems To Generosity
Filed under: Entertainment, Music
In a recent interview, according to Bossip, the Roc-A-Fella Records co-founder claims he was too generous, focusing on the careers of others, rather than his own.
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