I.R.S. SENDS BEANIE SIGEL AND YOUNG BUCK TO PRISON
Let’s start with Young Buck. Shortly after he was arrested this time last year for possession of a .40 Cal, the IRS raided his crib due to $300,000 in delinquent tax payments. Earlier today, Buck had his day in court over the gun charge, and was found guilty, sentenced to 18 months behind the wall. However the IRS, who specializes in kickin a nigga in the nuts at the worst possible time, turned his Chapter 11 bankruptcy into a Chapter 7 Liquidation Case. They claim he owes creditors $11.5 Million. Basically, some auction is gonna go down with Young Bucks’ worldly possessions. One of the items include a Tennessee Titans Soda Machine.
To add insult to injury, they’re making him surrender the trademark to his OWN FUCKING NAME!
Bucks’ whole universe is a world of shit.
Then we have Beanie Sigel. After stacking $3 Million from ’99-’02, Beans decided to pay a laughable $10,000 in taxes. The gumment claims he owes over $700K in delinquent taxes. Beanie also had his day in court today, and the verdict? 2 FUCKING YEARS! Beanie must turn himself in on September 12th to start his bid…
Coincidentally the same date JTTS Hip- Hop Trivia returns to the Good Life.
In 1995, I deejayed some on the books shit and apparently owed $500 in taxes at the end of the year.
Couple months ago, I’m at Stop & Shop on Cummins Highway, and my debit card keeps gettin declined. I finally contact my bank, and learn that my shit has been levied. They took $2600 out my shit. They explain the State Of NY is collecting on a debt.
No way! I haven’t lived there in over a decade! Once I got on the phone with someone in Albany, they explained that the interest on my $500 tab in 1995 has grew to $2600 in 2012. They tracked my account down, bent me over, and Frank Oceaned me. I pleaded to have my account reimbursed and worked out a payment plan. 26 months of $100 payments. Suuuuucks.
Wu-Tang IRS ain’t nothin to fuck with. Just axe Buck and Beanie.
Any of you have IRS stories to share?