Lil Wayne Has Settled Millions Dollars Debt to IRS

Lil Wayne Has Settled Millions Dollars Debt to IRS

AceShowbizLil Wayne has paid off a mammoth tax bill of $14.2 million (£10.9 million).

The hip-hop star received two federal tax liens in 2017, accusing him of underpaying his 2011 bill by $7.3 million (£5.6 million) and owing $6.9 million (£5.2 million) from 2012.

According to court records obtained by U.S. website The Blast, the “Lollipop” hitmaker has now settled his debt to America’s Internal Revenue Service (IRS).

The rapper, real name Dwayne Michael Carter Jr., received a huge financial windfall last year after his legal battle with Cash Money Records boss Bryan ‘Birdman‘ Williams was settled for a sum reportedly in excess of $10 million (£7.6 million).

Wayne, 36, originally sued Cash Money Records demanding his record deal be voided. He accused label chiefs of owing him tens of millions of dollars, including an $8 million (£6 million) advance for his album “Tha Carter V” and a $2 million (£1.5 million) payment upon completion.

He accused Williams of refusing to release the completed record, which finally came out in September (2018) on his own Young Money label.

Source: Read Full Article