TAXES

6ix9ine’s Florida Home Gets Raided By IRS Agents

by

Earlier today, some footage of what appeared to be 6ix9ine’s vehicles surfaced online, along with claims that they had been seized by officials. At the time, it was unconfirmed exactly why the vehicles were no longer in the rapper’s possession. A slip on his windshield, however, provided fans with plenty of clues. It stated that they were seized for “nonpayment of internal revenue taxes.”

This seems to check out, as new reports reveal that the IRS paid a visit to his Lake Worth, FL home today. According to TMZ, federal agents pulled up while 6ix9ine wasn’t home and seized several of his belongings. It remains unclear what, besides his vehicles, the agents confiscated. When asked for a statement on the debacle, his attorney Lance Lazzaro just told the outlet, “We are assessing the situation and will issue a statement at the appropriate time.”

Read More: 6ix9ine Kidnapper Fails To Overturn His 24-Year Prison Sentence Again

6ix9ine’s Cars Seized By Federal Agents

The outlet reports that the rainbow-haired rapper isn’t currently in the States. Apparently, he’s still sorting out his legal issues in the Dominican Republic. A few months back, he was arrested for alleged assault after a recording studio run-in and was promptly released. Per the terms of his release, however, he was ordered to stay in the DR for at least six months. Another mandatory condition of his release was that he attend anger management classes. He appears to be doing that, albeit not enjoying it much.

As for what the MC’s been up to outside of his legal drama, he recently teased an upcoming collaboration with NBA YoungBoy. In a clip shared on social media in February, the two of them chatted about new music on a FaceTime call, though details of that have not yet been revealed. What do you think of IRS agents reportedly pulling up to 6ix9ine’s home to confiscate his belongings? What about them seizing his cars? Share your thoughts in the comments section down below, and keep an eye on HNHH for more updates.

Read More: 6ix9ine Has Bentley Seized As Bullet Holes In Driver’s Side Window Lead To Speculation

[Via]

The post 6ix9ine’s Florida Home Gets Raided By IRS Agents appeared first on HotNewHipHop.

Travis Scott Facing $100K Tax Lien: Details

by

Travis Scott is currently going through numerous lawsuits related to the Astroworld Festival tragedy. Overall, he could have to shell out upwards of $1 billion due to these lawsuits. However, he is currently in the deposition process and there is no telling when all of this will come to a head. That said, it seems as though Scott is now going through a new monetary issue, according to The Blast.

It has been revealed that the artist owes the IRS $106,968.18 in back taxes. This is for the year 2021, which was not very long ago. As a result of his debt, he has been hit with a tax lien. He will now have to pay the money back quickly, or face harsh penalties and interest rates. As for the Astroworld tragedy, Scott recently spoke to GQ about how much the whole experience affected him and his album, Utopia.

Read More: Travis Scott Attended SZA’s “SOS” Tour With “UTOPIA” Briefcase

Travis Scott Owes Money

HOUSTON, TEXAS – NOVEMBER 02: Rapper Travis Scott announces “play ball” prior to Game Six of the World Series between the Houston Astros and the Atlanta Braves at Minute Maid Park on November 02, 2021 in Houston, Texas. (Photo by Carmen Mandato/Getty Images)

“Making music, you think about things that go on in life and things that happen in your life, and you dial in on things,” Scott explained “That moment for families, for the city, you know, it was devastating. And when it came to making, like even finishing the album…I got back into it probably like, I don’t know, months and months and months after. And the idea of just even getting back into music, working on music and just even getting into that, was therapeutic of being able to channel some of the energy into production and sounds and finishing it.”

It remains to be seen if Scott will pay the money quickly. However, it’s probably better to do so. Let us know your thoughts on this story, in the comments section below. Additionally, stay tuned to HNHH for the latest news and updates from around the music world. We will always be sure to keep you informed.

Read More: Travis Scott Albums, Ranked

[Via]

The post Travis Scott Facing $100K Tax Lien: Details appeared first on HotNewHipHop.

Beyonce Vs. IRS Continues As Singer Is Ordered To Pay $2.7M In Taxes & Penalties: Report

by

Beyonce’s battle against the IRS continues after the tax agency ordered her to pay up nearly $3 million in back taxes and penalties. However, according to Radar Online, Beyonce’s putting up a fight until a federal court has the last say. The IRS reportedly stated that they made “no errors” when they first assessed Bey’s taxes, standing by the sum of $2.7 million they believe the singer owes them. Still, Beyonce plans to push back on the ruling. Until the federal court makes its decision, Bey won’t have to pay a cent. 

The IRS broke down the figures in their summary which includes $967,020 from 2018 ($805,850 in taxes and another $161,170 in penalties). From 2019, the IRS demands that she cough up $1,731,296.40 (from taxes amounting to $1,442,747 and $288,549.40 in penalties). Moreover, Beyonce said that they pledged to add compounded taxes until she clears her debt entirely with the IRS. However, she said that she shouldn’t have to pay penalties due to the fact that she “acted reasonably and in good faith.” 

Read More: Beyoncé Gets Key To Santa Clara, Made Honorary Mayor

Beyonce Calls Out The IRS

beyonce
STOCKHOLM, SWEDEN – MAY 10: Beyoncé performs onstage during the opening night of the “RENAISSANCE WORLD TOUR” at Friends Arena on May 10, 2023 in Stockholm, Sweden. (Photo by Kevin Mazur/Getty Images for Parkwood)

Still, Beyonce’s beef with the IRS stems from claims that they miscalculated her taxes entirely. Bey first filed a petition against the IRS in April. When she brought the matter to a U.S. Tax court, she explained that there were a number of inaccuracies in the IRS’s bill. She said that they didn’t allow her to claim a few million worth of deductions, including “depreciation of $3,326,103 reported” from her 2019 taxes. Meanwhile, the IRS said it denied “generally each and every allegations in the petition.”

Regardless of the outcome, Beyonce will still be fine financially. In the past few months, her Renaissance World Tour has proved to be a fruitful endeavor. Billboard estimated that it could even bring in upwards of $500M by the end of the year. We will continue to keep you posted on any more details surrounding Beyonce’s battle against the IRS. 

Read More: Beyonce Breaks Another Concert Record With “Renaissance” Tour

The post Beyonce Vs. IRS Continues As Singer Is Ordered To Pay $2.7M In Taxes & Penalties: Report appeared first on HotNewHipHop.

Yo Gotti Says Tax Mistake Could Have Cost Him 15 Homes, Speaks On 360 Deals

by

Recently, an audio clip of Yo Gotti reflecting on a major tax mistake hit the internet. In the clip, he reveals that he hadn’t paid property taxes on some houses he owned, and almost lost them. He’s shared in the past that he enjoys dabbling in real estate and likes to fix up the houses he buys. Eventually, he decided to turn it into a business. Early on, however, a mistake he made could have gotten ugly.

Apparently, a lack of knowledge about property ownership is what led to the mishap. “I didn’t even know you had to pay property taxes on a house that you’d paid cash for,” he explained. He then says he “got some papers in the mail,” about his tax debt. If one fails to pay property taxes in Tennessee, where the properties were, it could lead to them to go into foreclosure. Eventually, they could also be sold in a tax sale.

Read More: Charlamagne Tha God Wants To Know How Far Yo Gotti Is From The Streets

Yo Gotti Shares His Thoughts On 360 Deals

Fortunately for Yo Gotti, however, it seems as though he was able to get things squared away without any major losses. Mistakes were bound to happen in the early days, as it was still a new business venture for him. He recently opened up about another one of his ventures, his work as a record executive. Yo Gotti founded Collective Music Group in 2012, going on to sign artists like Moneybagg Yo, GloRilla, and more. He gave his opinion on 360 Deals in an interview earlier this week.

Yo Gotti spoke with the Earn Your Leisure podcast to share his thoughts. He says that up-and-coming artists should expect 360 deals, as a label would be putting in work to increase their value. “I feel like business is business,” he began. “To me, you ain’t thinking logical when you think you get everything and nobody get nothing from you. That’s not common sense.”

Read More: Yo Gotti Praised For Answering Angela Simmons’ Call Mid-Interview

[Via][Via]

The post Yo Gotti Says Tax Mistake Could Have Cost Him 15 Homes, Speaks On 360 Deals appeared first on HotNewHipHop.

Cordae Takes A Shot At Capitalism And The Greedy People Of The World On ‘Taxes’

by

After staying quiet for the better part of a year following the release of his Grammy-nominated debut album, The Lost Boy, Cordae has returned to active duty. Now we have his latest single, “Taxes,” a song that first appeared in the Barack and Michelle Obama-produced Netflix series We The People. The lyrics take direct aim at the capitalists in the world, questioning whether or not taxes are actually used towards improving communities.

The track comes after he dropped his EP Just Until earlier this year, which featured features from Young Thug and Q-Tip, as well as videos for “Wassup,” “Dream In Color,” and “More Life,” also from the same project. Prior to that, he dropped his single “Parables” and teamed up with Roddy Ricch for their collaboration”Gifted.”

On a more recent note, he stood beside Freddie Gibbs to guest appear on an official version of Nas’ “Life Is Like A Dice Game.” He also teamed with Common for “What’s Life” and funded scholarships for HBCU students in a partnership with Disney and ESPN.

You can listen to Cordae’s “Taxes” in the video above.

Some artists covered here are Warner Music artists. Uproxx is an independent subsidiary of Warner Music Group.