Nas owes the IRS over $6 Million in back taxes. Baby mom and govament out to get him

Originally Posted by Patrick Bateman

Originally Posted by devildog1776

Show me a law where it's required to pay income taxes... I'll wait
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[color= rgb(255, 0, 0)]Of course it's not required, but if you don't pay, they'll throw your *#% in prison [/color]
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[color= rgb(255, 0, 0)] We're screwed either way.[/color]

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Not in the constitution for damn sure. Federal income tax, maybe not. But you bet your *%$ every state has tax income laws.
 
Originally Posted by Deuce King

pssh, im NEVER buying property in da United States.....
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Wrong mentality to have champ. As far as property and the government is concerned as the saying goes......."pay me now or pay me later"

and that's probably over years of not paying + interest
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How is he suppose to make a album wit' all these personal issues in his life?!

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life issues = great music


and it's not like most of his problems couldn't have been avoided
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GOD'S SON...
My brotha was paying Smellis in gift cards????
I haz qwit breathing.
 
Did this dude actually blow all of his money or did he just spend it on African art?

he doesn't even seem like the type to trick off
 
Originally Posted by ATGD7154xBBxMZ

Good thing shorty owe him ice.
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@ Looking back on what this song was REALLY talking about. I never even knew back then.

Beyonce @ the 1:47 mark -
 
Originally Posted by DCAllAmerican

Originally Posted by ATGD7154xBBxMZ

Good thing shorty owe him ice.
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@ Looking back on what this song was REALLY talking about. I never even knew back then.

Beyonce @ the 1:47 mark -
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A sign of things to come from Nasir. 
 
i know this sounds like a stupid question but, how does this just happen? (obviously he just doesnt pay taxes)
but what im asking is, is this dude just getting paid cash for a bunch of shows and he doesnt report, while the person who paid him reports it?
or is he getting paid checks for shows and he never claims it as wages earned?
 
Originally Posted by Mr Jordan04

i know this sounds like a stupid question but, how does this just happen? (obviously he just doesnt pay taxes)
but what im asking is, is this dude just getting paid cash for a bunch of shows and he doesnt report, while the person who paid him reports it?
or is he getting paid checks for shows and he never claims it as wages earned?
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Let's see...you give a guy with no education millions of dollars + leeching "friends" + taking care of family + living beyond his means + bad accounting = #poor
 
Originally Posted by ninjahood

Originally Posted by treason


Nas is the latest rapper to make headlines for tax troubles. God’s Son reportedly owes the government over $6 million for a property he owns in Eagles Landing, Ga.

According to The Detroit News, this isn’t the first time Nasir has has problems with the IRS; for the last three years he filed liens. In addition, the Queens, NY MC reportedly owes money for his condo in his hometown. Managers of the building claim he failed to pay his $420 a month assessment fee since January of last year, and have also filed a lien.

But its not all looking down for the Illmatic MC. Earlier this month his child and spousal support payments to ex-wife Kelis were cut in half. Originally ordered to pay about $51,000 a month, an L.A. Superior Court judge reduced Nas’s expenses to about $25,000.

Nas joins Lil Jon Young Buck Trick Daddy and many others who have all had problems with Uncle Sam in the past few months. —Elan Mancini

http://smartenupnas.com/2011/01/25/nas-owes-the-irs-6-mill-in-taxes/
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pssh, im NEVER buying property in da United States.....
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too easy
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Originally Posted by moonmaster3

Originally Posted by Mr Jordan04

i know this sounds like a stupid question but, how does this just happen? (obviously he just doesnt pay taxes)
but what im asking is, is this dude just getting paid cash for a bunch of shows and he doesnt report, while the person who paid him reports it?
or is he getting paid checks for shows and he never claims it as wages earned?
Click to expand...

Let's see...you give a guy with no education millions of dollars + leeching "friends" + taking care of family + living beyond his means + bad accounting = #poor
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yea, i know that. 
but what im asking is, do these guys get paid cash up front for shows and just never report it? then the club/venue reports it on their taxes and then the irs goes after nas?

  
 
Originally Posted by Mr Jordan04

Originally Posted by moonmaster3

Originally Posted by Mr Jordan04

i know this sounds like a stupid question but, how does this just happen? (obviously he just doesnt pay taxes)
but what im asking is, is this dude just getting paid cash for a bunch of shows and he doesnt report, while the person who paid him reports it?
or is he getting paid checks for shows and he never claims it as wages earned?
Click to expand...

Let's see...you give a guy with no education millions of dollars + leeching "friends" + taking care of family + living beyond his means + bad accounting = #poor
Click to expand...
yea, i know that. 
but what im asking is, do these guys get paid cash up front for shows and just never report it? then the club/venue reports it on their taxes and then the irs goes after nas?

  
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I think when you reach his status that would be really dumb to be paid in cash. You're entering into a contract with each venue for a lot of money. The risk of having something go wrong and needing to take it to court versus being paid in cash isn't worth it. 
 
Originally Posted by Mo Greene

Originally Posted by ninjahood

Originally Posted by treason


Nas is the latest rapper to make headlines for tax troubles. God’s Son reportedly owes the government over $6 million for a property he owns in Eagles Landing, Ga.

According to The Detroit News, this isn’t the first time Nasir has has problems with the IRS; for the last three years he filed liens. In addition, the Queens, NY MC reportedly owes money for his condo in his hometown. Managers of the building claim he failed to pay his $420 a month assessment fee since January of last year, and have also filed a lien.

But its not all looking down for the Illmatic MC. Earlier this month his child and spousal support payments to ex-wife Kelis were cut in half. Originally ordered to pay about $51,000 a month, an L.A. Superior Court judge reduced Nas’s expenses to about $25,000.

Nas joins Lil Jon Young Buck Trick Daddy and many others who have all had problems with Uncle Sam in the past few months. —Elan Mancini

http://smartenupnas.com/2011/01/25/nas-owes-the-irs-6-mill-in-taxes/
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pssh, im NEVER buying property in da United States.....
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too easy
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Dude is going to live his whole life paying rent to live in da best walk in closet in da Heightz.
 
Originally Posted by moonmaster3

Originally Posted by Mr Jordan04

Originally Posted by moonmaster3

Originally Posted by Mr Jordan04

i know this sounds like a stupid question but, how does this just happen? (obviously he just doesnt pay taxes)
but what im asking is, is this dude just getting paid cash for a bunch of shows and he doesnt report, while the person who paid him reports it?
or is he getting paid checks for shows and he never claims it as wages earned?
Click to expand...

Let's see...you give a guy with no education millions of dollars + leeching "friends" + taking care of family + living beyond his means + bad accounting = #poor
Click to expand...
yea, i know that. 
but what im asking is, do these guys get paid cash up front for shows and just never report it? then the club/venue reports it on their taxes and then the irs goes after nas?

  
Click to expand...
I think when you reach his status that would be really dumb to be paid in cash. You're entering into a contract with each venue for a lot of money. The risk of having something go wrong and needing to take it to court versus being paid in cash isn't worth it. 
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i know waka isnt in nas' level, but i remember there being a video not too long ago when he got paid like 10k in fakes bills
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ok, so nas comes to my club and i write him a check for say, 20k. at what point does the irs know what he is/isnt reporting?
  
 
Guy is not smart. He had to have known what he was getting into. I'm sure his property taxes were disclosed when he purchased the home.

Either he should have had his finances correct or he should have lived within his means.

No one gets past paying taxes. Pay now or pay later.
 
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