DMX Hit With Tax Evasion Charges of $1.7 Million
The U.S. Attorney’s Office in New York City claims the rapper owes $1.7 million to the IRS after concealing his income from tracks he dropped back in the early 2000s, with the feds naming his 2003 track, “X Gon’ Give It to Ya,” as one of them.
According to the U.S. Attorney’s Office, X, who somewhat recently checked himself into a rehab center, used a variety of surrogate bank accounts—like, for instance, his the bank accounts of his business managers—to hide his income, opting against using his own bank accounts. For years, he’s supported himself with cash almost exclusively.
Documents obtained by TMZ offer up an example of DMX’s income-hiding in action. When X popped up on Couple’s Therapy he was all set to receive $125,000, but upon receiving his check and realizing a substantial portion of his pay had been subtracted because of taxes, he wasn’t happy. X eventually visited the producers to demand he was handed a check without having taxes subtracted, and they obliged.
That’s not the only example the feds serve up. Apparently, X listed his income as “unknown” in 2011 and 2012, years in which he’d made $353,000 and $542,000, respectively. In 2013, he finally reported an income, claiming he’d made $10,000. He actually made $250,000.
If X is found guilty of all 14 counts of tax evasion, he’ll face 44 years in a federal prison. He was supposed to have been indicted this morning (July 14). Obviously, this could put a damper on the 20th Anniversary Ruff Ryders tour he and a few others have been planning
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