Rick Ross allegedly owes millions to the IRS in taxes, according to TMZ.
The IRS went through three years of Ross' taxes and claims he owes about $5.7 million, according to new legal documents that have been obtained by TMZ. The back taxes date back a few years with the MMG founder and rapper owing a little over $4.6 million from 2012 and about $570,000 for 2013 and 2014.
The government has reportedly since issued a tax lien, a document that by law allows the feds to obtain property to secure the payment. In other words, Rozay's belongings and properties could be taken away if he doesn't pay up.
Ross issued a statement Tuesday evening about the situation:
"I've been fortunate enough to experience financial success on a large scale through both my music career and my many business ventures. With this type of financial success comes financial responsibility. As artists we are blessed to be able to make money, but on the same note, are held accountable for our federal tax obligations just like everyone else. I am fully aware of my current dealings with the IRS. This issue arose from an incorrect filing by a prior accountant for the 2012 tax year. My new team of accountants have corrected the prior filing, and as anyone who has dealt with the IRS understands, it is a process. We have already satisfied a large portion of these issues and I can assure you that we are working very closely with the IRS to bring a full resolution shortly and will continue moving forward in a positive direction!"
Meanwhile, MMG has definitely been busy lately. Last month, MMG released its Priorities 5 mixtape. The 22-track project finds the MMG crew grabbing Young Dolph, Talib Kweli, Big K.R.I.T., and Juicy J while laying out some previously released tracks and some new remixes. Rozay's "No U-Turns," Wale's "Brightseat Road Freestyle," and Meek Mill's "Freestyle On Flex" were all included.
The label also has several projects in the works including Wale's much anticipated fifth album, S.H.I.N.E., following a steady release of some new tracks these past few months. Of course, Ross fans are also eager for the rapper to drop something new. Fortunately, he shared a remix of Solange's "Cranes in the Sky" Monday, slapping a heated verse onto the track. He also stopped by Snoop Dogg and Martha's new show as a guest, according to his Instagram.
