Bow Wow: IRS Says He Owes $91,000 in Unpaid Taxes
Rapper Bow Wow may need to hire a new accountant considering he's in bad financial standing with the U.S. government, say reports.
The 24-year-old entertainer, born Shad Moss, owes $91,105.61 in unpaid taxes, according to court documents obtained by TMZ. The tax lien was filed in Florida by the federal government and reveals that the nearly six-figure amount stems from 2006.
However, the 'Underrated' creator denies he owes any monetary amount to the IRS. He took to his blog to clear the air.
"TMZ saying they are about to runa story on me thats once again "Not True" as im sitting in my beautiful condo as of RIGHT NOW that they said i dont have anymore. (Bow Wow with no home thats like a whore that doesn't like d**k) We all know not to believe anything the media writes or blogs its their job to entertain the minds of the simple minded [sic]," he wrote on Saturday (Nov. 26).
While he says there's no funds to be paid back, skeptics may recall his lavish spending last month when he and Chris Brown dropped $15,000 on strippers in Miami. Perhaps if the rhymer truly does owe some cash, he should curb those kind of expensive outings.
Bow Wow recently ended his appearance alongside CB on his F.A.M.E. tour, where he promoted his seventh studio album 'Underrated.' The LP has gone through several delays under the YMCMB family, but he assures his fans that the material is well worth the wait.
"Things are different this time around ima father now to a beautiful baby girl i have so much poetry and new things to share with the world. Everything that pops up in the news that yall want to hear me touch on i talk about it. I bare it all on this album. This is my "Classic" Underrated is a classic. This is my best work [sic]," he stated.
The album's lead single is the Lil Wayne-assisted 'Sweat,' for which he is releasing a video within the next two weeks.
Watch 'Bow Wow Reveals He's A Father To Baby Girl'