Rapper Lil' Kim Owes IRS Big Bucks

By AccountingWEB Staff

 
A rap artist who has been working to turn her life around allegedly owes more than $1 million in state and federal taxes reaching back to 2002.
 
Celebrity news website TMZ reported that her 2009 debt of $86,347 was recently added to the total she owes, bringing it to $1,026,862, according to documents filed with the Los Angeles Registrar-Recorder/County Clerk Office. Liens also have been filed by California, New York, and New Jersey, and last year Lil' Kim's Bentley was repossessed, according to the Community Tax Relief blog.
 
Lil' Kim's real name is Kimberly Denise Jones. In 2005, she spent a year in federal prison in Philadelphia on perjury charges related to a shooting outside a Manhattan studio. After her release, she spent three years on probation, from 2006 to 2009. Lil' Kim returned to the public spotlight in 2009 when she competed on ABC's Dancing with the Stars. 
 
A Lil' Kim representative e-mailed TMZ with the statement that she has "hired professional attorneys to handle this matter" and that "she, along with her team of legal experts, are working cooperatively and diligently with the IRS and federal authorities to amicably resolve the situation."
 
Related articles:
 

You may like these other stories...

Boehner addresses GOP priorities ahead of midterm electionsHouse Speaker John Boehner (R-OH) on Thursday delivered what amounted to closing arguments ahead of the November elections, laying out a list of Republican...
As anyone who's ever been through a divorce can attest, the pain of parting with your spouse isn't just emotional—the fallout from divorce can wreak financial havoc as well long after the dust in the courtroom...
Former DOJ Tax Division head Kathryn Keneally joining DLA Piper in New YorkGlobal law firm DLA Piper announced on Thursday that Kathryn Keneally, the former head of the US Justice Department Tax Division, is joining the firm...

Already a member? log in here.

Upcoming CPE Webinars

Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 21
Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.