In court records obtained by The Blast, the 36-year-old coughed up a total of $14 million to settle his tax debt. The IRS filed releases of two separate federal tax liens against him.
It was said that the liens accused Wayne of failing to pay $7,341,399.07 back in 2011 and $6,853,545.77 in 2012; a grand total of $14,194,944.84. Although Wayne now has one less thing to worry about, coughing up all that money does have to hurt. Especially after he finally received his settlement money from Birdman last year and probably had to dip into it to pay his debt off.
As we previously reported, Wayne finally settled the years-long legal battle over his record deal. Wayne received an eight-figure payout from Universal Music Group and officially cut ties with Birdman’s record label, Cash Money Records. As part of the big deal, Wayne was free to release the infamous album through Universal, The Blast reports.
Despite that, everything is settled and Lil Wayne can go back to focusing on what’s really important: making music for his loyal fans.
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