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LIL’ KIM NO MONEY! MO PROBLEMS!

0 Comments 17 March 2009

LIL’ KIM NO MONEY! MO PROBLEMS!

No money! But mo’ problems!

Her rep told the Detroit News, “Lil’ Kim is paying her tax debt and will continue to do so”

Damn! Maybe she should’ve ask for a cameo in the Biggie Biopic.

With nearly $1 million owed in back taxes, it’s no wonder the rapper was so eager to be on “Dancing With the Stars.”

Rapper and current Dancing With the Stars contestant LIL’ KIM is apparently dancing for more then a title, she’s dancing for a paycheck. The Grammy Award winning former felon owes nearly $1 million in state and federal taxes, dating as far back as 2004.

The Detroit News broke down the rapper’s debt:

The state of New York filed a $12,599 tax warrant on April 26, 2008, in the New York County Clerk’s office.
The IRS filed a $50,464 lien on Sept. 5, 2007, in the Bergen (N.J.) County Clerk’s office.
The IRS filed a $67,509 lien on May 14, 2007, in Bergen County.
The state of California filed a $4,089 lien on Sept. 16, 2005, in Sacramento County Court.
The IRS filed a $232,348 lien on Aug. 16, 2005, in New Jersey.
The state of New Jersey filed a $51,471 lien on Aug. 11, 2005, in New Jersey State Superior Court.
The state of New Jersey filed a $77,939 lien on Dec. 9, 2004, in New Jersey Superior Court.
The IRS filed a $482,671 lien on Feb. 19, 2004, in New Jersey.
That’s a total $979,090 she owes to the federal and various state governments.

Still, don’t expect to see the rapper in a federal prison for tax evasion any time soon. Her rep told the Detroit News, “Lil’ Kim is paying her tax debt and will continue to do so.”

This isn’t the first time she’s run into financial troubles. After missing four payments, her Bentley was repossessed last year and, according to Vibe, she was recently sued by Simon & Schuster for a $40,000 advance on an autobiography that never happened.

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