Tag Archives: irs

Ty Dolla Sign Hit With $180,000 Tax Lien

Ty Dolla $ign is the latest artist to get caught slipping by the IRS.

Ty Dolla Sign Hit With $180,000 Tax Lien

The Cali crooner has been hit with a $180,969.35 tax lien, reports TMZ. According to documents obtained by the site, Ty owes back taxes for three years. It appears as though he got his act together in 2015, but the IRS still needs all their paper.
This year should be another profitable year for TDS, as he dropped his new project Campaign in September. The 16-song collection features guest appearances from the likes of Future, Migos, Meek Mill, Travi$ Scott, Trey Songz and Wiz Khalifa.
Ty was recently stopped by TMZ and asked about his thoughts on the presidential race between Hillary Clinton and Donald Trump. The singer didn’t sound very enthusiastic.

Ty Dolla Sign Hit With $180,000 Tax Lien
When asked if he compares the wild stuff rappers say to Trump’s recent controversial comments, Dolla had this to say.

“A lot of sh*t is controversial. But that…Hillary and Trump. I think it’s easy to see. It’s crazy ass Trump or lying ass Hillary. All of us have lied, we’re all humans. But not all of us are as crazy as Trump.” He added, “That’s why a lot of rappers aren’t running for president of the United States.”

SOURCE: WWF

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Trump Tax Records Revealed

The New York Times obtained Donald Trump’s 1995 tax records. These records show that Trump declared a $916 million loss that year, and because the sum was so substantial, it could have allowed him to legally avoid paying federal income tax for 18 years.

Donald Trump Holds Campaign Rally In Fort Worth

No word on who leaked them or why.

The three documents arrived by mail at The Times with a postmark indicating they had been sent from New York City. The return address claimed the envelope had been sent from Trump Tower.

“He has a vast benefit from his destruction” in the early 1990s, said one of the tax experts hired by the Times to analyze the documents. “Do you realize you can create $916 million in income without paying a nickel in taxes?”

https://static01.nyt.com/video/players/offsite/index.html?videoId=100000004684795The 1995 tax records have never before been disclosed. They “reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan,” the Times reports.

Tax experts hired by The Times to analyze Mr. Trump’s 1995 records said that tax rules especially advantageous to wealthy filers would have allowed Mr. Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period.

Although Mr. Trump’s taxable income in subsequent years is as yet unknown, a $916 million loss in 1995 would have been large enough to wipe out more than $50 million a year in taxable income over 18 years.

nbc-fires-donald-trump-after-he-calls-mexicans-rapists-and-drug-runners

The $916 million loss certainly could have eliminated any federal income taxes Mr. Trump otherwise would have owed on the $50,000 to $100,000 he was paid for each episode of “The Apprentice,” or the roughly $45 million he was paid between 1995 and 2009 when he was chairman or chief executive of the publicly traded company he created to assume ownership of his troubled Atlantic City casinos. Ordinary investors in the new company, meanwhile, saw the value of their shares plunge to 17 cents from $35.50, while scores of contractors went unpaid for work on Mr. Trump’s casinos and casino bondholders received pennies on the dollar.

Read the full New York Times report here: “Trump Tax Records Obtained by The Times Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades.”

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Last Monday at the first presidential debate, Democratic presidential nominee Hillary Clinton suggested Mr. Trump might be choosing not to release his tax returns so voters wouldn’t that “he’s paid nothing in federal taxes,” When she added that Trump once revealed to casino regulators he paid no federal income taxes in the late ’70s, Trump said, “That makes me smart.”

The campaign didn’t confirm or deny any of the facts, as usual, but countered with attacks about Clinton. Grab your popcorn, folks, the circus is just getting started and there are still 5 weeks to go.

SOURCE BB

The Fire man Under Fire!

Deputies arrived at Lil Wayne’s mansion, but security refused to let them in. The cops explained they were there to seize certain assets inside the house because Wayne had not paid a $2 million judgment to Signature Group, a jet leasing company. Wayne also owes the company $200k in lawyer’s fees.

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Pay Your Bills! Trey Songz Hit W/$750K Tax Lien

Trey Songz Hit With $750k Tax Bill

Trey Songz skipped out on a major tab with Uncle Sam for about $750k … according to the IRS which, as it always does, has come calling for the

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dough.

Trey got hit with the federal tax lien last month in Miami — letting him know he owes $748,870.08 on his income from 2013. That happens to be the same year he plunked down to live in a Hollywood Hills mansion. Priorities? 
Unclear how or why Trey fell short … we’ve got a call into his rep, but no word back yet.
It ain’t chump change, but we’re guessing another hit song and world tour can fix it all real quick.

Via TMZ