The IRS recently filed a Federal Tax Lien against rapper Rick Ross in the amount of $5.7 million for the tax years 2012-2014, according to TMZ. Billboard.com reports that Ross blames an “incorrect filing” by a “prior accountant” for the tax liability.
The rapper’s reps shared the below statement, “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.”
He added, “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.”
Pursuant to the above statements we can likely deduce that Ross’ accountants have filed amended returns – as he alleges faulty filings – and that his team is attempting to reach a formal agreement with the IRS to resolve the liability.
