Lil Wayne may be known for repping his Young Money, Cash Money Billionaires crew, but a good portion of Wayne's money doesn't even belong to him.
According to TMZ, Lil Wayne failed to pay his taxes for 2011 and 2012. This information was obtained from a tax lien.
Wayne reportedly owes $5,843,952 for 2011 and $6,311,132 for 2012.
However, Wayne may have good reasoning for not paying his 2012 taxes.
In 2012, in addition to having some legal issues, Weezy had to pay off a previous tax debt.
The YMCMB rapper paid off a $7 million debt for his 2008-2009 taxes. He also lost a case against Quincy Jones' son after thumbing his nose at the court in 2012.
A jury ordered Wayne to pay $2.2 million.
Lil Wayne is reportedly worth $135 million. Hopefully, he'll be able to clear this up soon, and the IRS won't have to seize his $11.6 million Florida mansion.
Weezy is slated to release his highly anticipated Tha Carter V album.
Drake recently announced the release date for Wayne's album during an NBA All-Star weekend performance at the House Of Blues. According to Drizzy, the album will arrive on May 5th.
The Young Money crew is also slated to release their new compilation album Young Money: Rise Of An Empire on March 11th.
According to a tracklist they released a few weeks ago, the album will feature guest appearances by YG and Chanel West Coast.
The album's lead single features Lil Wayne, Birdman and Euro.
