According to TMZ, the 24-year-old, whose real name is Shad Gregory Moss, owes $91,105.61 in unpaid taxes from 2006.
Bow Wow, who has been criticized lately for pushing back the release of his upcoming album, Underrated, claims that the tax lien story is untrue, posting on his blog that “TMZ saying they are about to run story on me that’s once again “Not True” as im sitting in my beautiful condo as of RIGHT NOW that they said i dont have anymore.”
It’s possible that the rapper doesn’t quite understand what a tax lien is. A tax lien is the government’s claim to a delinquent taxpayer’s assets – not the actual seizure of assets to satisfy owed taxes. Since no actual collection actions are being taken and he’s still residing in his condo, Bow Wow may not even realize that the IRS has filed this lien against him.
Bow Wow joins a long list of rappers who’ve faced tax-related controversy in recent years, including Ja Rule, Snoop Dogg, Young Buck, Method Man, Swizz Beatz, Fat Joe, Trick Daddy, Obie Trice, Lil Wayne, Chamillionaire, DMX, Nas, Beanie Sigel and Doug E Fresh.
Regardless of whether or not the tax lien against Bow Wow exists, we sure hope that he has a qualified tax professional on his side to help him sort things out.