Wednesday, February 15, 2012

Nas' debt continues to mount


Ladies and gentlemen, the IRS doesn't play when it comes to their money! It's been reported for years that Nas has owed the IRS, but it seems that he continues to dig himself deeper in debt. Allhiphop reports:

According to TMZ.com, Nas is being penalized for $339,000 in income From the IRS. The tax bill is from income Nas earned in 2010.

Since he has not paid, the IRS has put a lien on property he owns. Nas owns several properties, including an estate in Eagles Landing, Georgia.

Nas’ new tax burdens add to an astronomical tax bill to the IRS.

In January of 2011, it was revealed that Nas owes close to $6 million dollars for years of unpaid taxes.

In related news, Nas is planning to release his memoir “It Ain’t Hard to Tell,” which will be co-written by journalist TourĂ©.

The book centers around Nas rise as a
rapper, his beef with Jay-Z, his relationship with Kelis and other matters.

Nas is also preparing to release a new album tentatively titled Life Is Good.

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