NEWYORK Post reports that, though Fat Joe made bail ($250000), the rapper had been arrested for not filing his tax returns with the federal government. He earned around $1.3 million from concerts and music sales in
2007. This number jumped to around $1.4 million the following year.
Unfortunately the rapper, failed to file income tax returns
with the federal government.
In addition to paying the monies he owes Uncle Sam, the musician is
facing a fine of up to $200,000. All of this is in addition to the
penalties the Internal Revenue Service may throw at the rapper.
He clearly understood the charges against him. The
rapper’s lawyer said Fat Joe had “already taken steps to resolve this
situation.” In fact, he hopes to have everything paid back in full
before sentencing next year.
Reports indicate the rapper owes around $718,000 to the United States
government. This happens when you don’t pay your taxes for over
two years.
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