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Xzibit Owes Nearly $1 Million In Delinquent Taxes

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  • Xzibit Owes Nearly $1 Million In Delinquent Taxes

    Uh oh, is another hip-hop star in financial trouble?

    According to the Detroit News, west coast hip-hop vet Xzibit is feeling the economic crunch, and is debt to the IRS for nearly $1 million in back taxes.

    The paper says a lien was filed against the rapper (real name: Alvin Joiner), one of four filed in recent years.

    Apparently, his tax problems began in 2009, following the cancellation of long-running MTV show, "Pimp My Ride," where he played host ... and the foreclosure of his Woodland Hills home.

    It's unclear, however, if X was just letting his home go, purposely, like many home owners these days because of the declining value in their properties.

    X reportedly attempted to file for bankruptcy twice since 2009, but both were dismissed for various reasons.

    Below is a rundown of liens filed by the IRS, as reported by the Detroit News:

    The IRS filed a $22,196 lien against him Nov. 2 with the Los Angeles County Recorder.
    The IRS filed a $435,487 lien July 21, 2009, with the Bernalillo County Clerk in New Mexico, where he owns a home.
    The IRS filed a $205,485 lien Feb. 4, 2009, in Los Angeles County. He owes income taxes from 2007, according to the lien.
    The IRS filed a $296,355 lien April 17, 2008, in Los Angeles County for unpaid income taxes from 2006, records show.


    On July 29, 2009, X listed assets totaling $739,433 -- from mostly homes in California and New Mexico -- and more than $1.4 million in liabilities, according to court records.

    Later that same year, he was said to have acknowledged owing the IRS and said he had a verbal agreement to pay $250/month.

    X has not commented on the report.
    BallerStatus.com Xzibit Owes Nearly $1 Million In Delinquent Taxes

  • #2
    Lol...

    Later that same year, he was said to have acknowledged owing the IRS and said he had a verbal agreement to pay $250/month.
    $739,433 + 1,400,000 = 2,139,433.
    2,139,433 / 250 = 8557,732 months.
    8557,732 / 12 = 713 years.

    Yeah I don't think the IRS is that stupid haha.
    2Pac hours before he got shot: ''Everybody that get out of jail got good luck!''

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