Swizz Beatz Owes $900,000 in Back Taxes
Just a few days after a glowing write up in the Business of Hip Hop section of Forbes.com, reports have surfaced that producer Swizz Beatz owes close to $900,000 in back taxes. Damn Swizzy! According to TMZ, documents indicate that the IRS wants the 'One Man Band Man' to cough up $844,642.
The super-producer earned $17 million last year, which landed him in the No. 7 spot on the Forbes Hip Hip Cash Kings list, and it looks like the government is ready for their cut. Swizz has yet to comment on the financial matter. The producer is scheduled to release his second studio album 'Life After the Party' in October. Swizz has also been linked to the forthcoming Ruff Ryders project.