9 July 2013

Damon Dash Hit With $2.8 Million Tax Lien

Damon Dash‘s tax troubles has reached an all-time high. According to TMZ, the rap mogul was slapped with a $2.8 million tax bill by the Internal Revenue Service.

Dash reportedly owes $2.6 million and $188,000 in back taxes for years 2005 and 2011, respectively. The grand total of debt is $2.8 million. As we previously reported, Dash’s mounting bills include $100,000 in back rent on a mansion in upstate New York as well as million of dollars in New Jersey and New York State taxes.

In his defense, Dash vows to pay everyone back.

I can’t touch my money. I can’t pay certain bills,” he says. “But I’m still working every day. It’s not stopping me from hustling. I am an entrepreneur. I am real.

I’m in transition. I’ve been moving around on business,” he adds.

If Dash doesn’t get a hold of his finances quickly he’s going to end up like his fellow tax evaders — Fat Joe and Lauryn Hill.

Damon Dash is looking at a longer prison sentence judging by the mounting tax bills he has incurred.

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