Famous Rapper Nas Hit With 514k Federal Lien for IRS Taxes

January 25, 2011 | By: TaxCure Staff

nas irs tax lienNas, or Nasir Jones, the famous rapper, actor, and musician, who has 9 Grammy awards, is in a feud with the IRS very much like he was with Jay-Z at the beginning of the last decade.

The IRS slapped Nas with a tax lien amounting to roughly $514k in New York City this month. This is the third Federal tax lien in three years, as the IRS in February filed a lien for $3.3 million and change. Before that, a lien in October of 2009 was filed for approximately $2.5 million. Nas is clearly having financial difficulties, as even his condominium association filed a lien against him for common charges amounting to $3.8k on 9/27 of last year.

Taking into account all three tax liens filed over the last 3 years by the IRS, the total amount he owes is roughly $6.464 million dollars. Hopefully, Nas can pay off these taxes owed without selling any assets or set up at least some type of agreement to get these tax problems with the IRS resolved.

Nas was supposed to release The Lost Tapes: Vol. 2 LP late last year, but ran into some hiccups with Def Jam supposedly. Recently, Nas stated that The Lost Tapes: Vol. 2 LP might be included as extra for free with a new album he has coming out later this year. Hopefully, his new record takes off so he can pay back some of these taxes.