Timbaland was forced to settle almost $1 million tax debt.
Radar obtained court documents detailing the Internal Revenue Service filing a lien release from April and accusing the music producer of owing about $864,500 in unpaid taxes.
The publication reported that Timbaland's debt stemmed from an unpaid 2019 bill. The Federal Government was even reportedly started to threaten to seize some of his property and assets if he didn't pay them back immediately.
But this wasn't the first time the producer, whose real name is Timothy Mosley, had a run-in with Uncle Sam.
In 2017, he also faced tax issues forcing him to pay about $3.8 million in debt payments.
His tax debt broke down are as follows, $117,200 in 2012, $1,750,000 in 2014 and $1,951,400 in 2015.
Timbaland also admitted that he had money issues in the past. He previously told Rolling Stone that his divorce and medication addiction contributed to the disaster.
"Music is a gift and curse. Once you're not popping, it plays with your mind. The pills helped block out the noise."
"I'd just sleep all day. I remember Jay-Z told me one time, 'Don't do no more interviews' - because I was saying crazy s--t."
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What's Timbaland Up To These Days?
2019 was a tranquil year for "The Way I Are" hitmaker. He just went on with his way, teaching classes on music production.
But Timbaland didn't stop making music. He produced a song for rapper Joyner Lucas.
Though he also hasn't been in the studio for several years, he recently made a comeback just last year, launching Verzuz with Swizz Beatz during the start of the pandemic.
Verzuz started as an Instagram Live show where to trendy artists compete against one another by performing their greatest hits.
The segment immediately started to become a hit that millions of people tune in to watch every event.
Later on, the success led to Triller buying a portion of Timbaland and Swizz Beats' company for an unknown amount of money. However, it is believed that the deal is worth about two-digit million.
Timbaland Net Worth 2021
As of writing, Timbaland reportedly has a net worth of $85 million, according to Wealthy Gorilla.
He first got his total credit production in 1996 for Ginuwine's album "Ginuwine..the Bachelor," and later on collaborated with Missy Elliot, Aaliyah, and even Justin Timberlake.
He doesn't just make and produce music, but he also has a talent for the silver screen.
He wrote and produced original music for the show "Empire."
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