Rap singer Lil Wayne has reportedly paid $7.72 million to settle his outstanding tax liens with the Internal Revenue Service.
Like what you see? Click here to sign up for Accounting Today's daily newsletter to get the latest news and behind the scenes commentary you won't find anywhere else.
The IRS had filed a tax lien for over $5.6 million against the hip-hop performer in March of last year (see IRS Raps Lil Wayne with $5.6M Tax Lien). He had previously paid off a tax lien for over $1.13 million in December 2010 for his 2004, 2005 and 2007 tax debts. Now he has reportedly paid off his latest tax debts to the IRS for $7.72 million, and the IRS has released its tax lien on his Miami Beach home, according to Gossip Extra.
Lil Wayne, who real name is Dwayne Michael Carter Jr., reportedly owed taxes of over $3.35 million for 2008 and $2.25 million for 2009. After he paid $11.6 million for a luxury home on La Gorce Island in Miami Beach, the IRS promptly filed a lien against the home, which it has now released.