It’s no secret that former G-Unit member Young Buck doesn’t exactly have his finances in line. Specifically, as he told 50 Cent in a leaked phone conversation a few years ago, he’s heavily in debt to the IRS.
Apparently, Uncle Sam couldn’t wait for the rapper to pay any longer, and raided his home this week.
According to TMZ, Buck’s Tennessee home was just ransacked by several armed federal agents on Tuesday (August 3), because of over $300,000 in unpaid taxes.
The rapper rep told the gossip site that IRS agents raided his home in Nashville Tuesday morning looking to repossess whatever assets they could as payment for back taxes.
Items taken included recording equipment, jewelry, furniture, his platinum wall plaques … and even his kids’ PlayStation.
“The worst part of this isn’t the material stuff — that will all be replaced. It’s what it does to the people around me. They took my kids’ Playstation, my assistants’ computers, and baby’s mothers’ jewelry. They took my home studio, so I can’t even record…” said Buck.
He was, however, able to keep his cars and home.
Buck credits his unpaid tax debt to his lack of a more hands-on approach involving his financial matters, which he left in the hands of his former management team.
“I have a new team in place, but I am also paying full attention now. Nothing like this will ever happen again,” Buck promises. “This is a huge wake up call for all entertainers to stay on top of your own trusted employees and team members, and replace anyone that was put in place by your record label if the situation you have goes sour. This IRS situation came about because I trusted accountants, lawyers, and managers to handle my business for me while I focused on making music. From now on, I am going to stay on top of my own business.”
Despite it all, Buck says “Things you go through in life make you who you are and I’m alright!”