TIP, the Atlanta rapper formerly known as T.I., has been hit with a federal tax lien in the amount of $1,640,664.90, according to Daily Mail Online.
Citing official documents filed in Georgia last Wednesday (February 17), the publication reports that the IRS have hit TIP with a federal tax lien for the 2014 tax year.
Last August, Daily Mail Online reported that TIP then owed the federal government over $4.5 million in unpaid taxes, derived from two tax liens. The first lien — which was filed against T.I. and his wife Tiny — claims that the rapper owes $1,397,283.47 in unpaid taxes for 2012. The second lien states that he owes $3,173,476.39 for taxes on his personal income for 2013.
With the addition of the latest tax lien, TIP now owes the federal government over $6.2 million in unpaid taxes. It’s reported that if the aforementioned debt isn’t paid, the government will begin the process of seizing the rapper’s assets.
Daily Mail Online reports that TIP’s wealth is estimated to be as much as $215 million.
TIP announced on Monday (February 22) that he has signed an exclusive distribution agreement with Jay Z’s Roc Nation for his forthcoming album, The Dime Trap. The Atlanta rapper also revealed that he is now the 19th artist-owner of the Jay Z-owned music streaming service, TIDAL.
For additional TIP coverage, watch the following DX Daily:
how come no one talks about tip, kanye, nas or game…they all owe irs but 50 get called broke 24/7
Because these are tax issues for the most part…50 literally lost court cases, Kanye being 50mill in debt is due to the fact his putting all his own money into making his clothing line, 50 try run off with the original headphone design and start another and got sued by the ppl he was collaborating with…Nas jus has baby mother issues at best….
cuz he hated on by a new generation…they like seeing him lose
what is so hard about paying taxes?/ you would think only poor people would have this problem..and by the way, nobody is gonna buy T.I. new album..LOL..
It really can’t be this hard to pay taxes. You have the money for it, just do it before you’re in some major problems.
I find this article so funny now after TIP dropped his video for Money Talks. Why can’t these rappers pay taxes? Is having a personal accountant that expensive to have? Do these rappers just flip a coin and say to themselves Heads-pay taxes or tails-buy 2 lambo’s and go on a 100k shopping spree? Rappers are just a bunch of liars putting on a show. Lets keep 100 the real gang that is more dangerous than any other gang in the world is The IRS. IRS will freeze your whole life if you ignore them. Pay your taxes ppl even though some pundits says its “voluntary” but the 16th Amendment grants Congress/IRS the right to “lay and collect taxes on income” but thats for different type of convo
It’s all about negotiation. If you owe, you negotiate. You never pay what people want you to pay. So, it’s a back and forth until they strike a deal. Until that time, it looks as if he owes the full amount. Also, it’s his money. Just count yours.
These wack azz accounting teams/financial handlers etc NEVER have their names listed and I know TI used the services of somebody
Wait? How does Daily Mail can report T.I. is worth $215 mill? Since when?