Rick Ross owes the IRS $5.7 million in unpaid tax, blames an incorrect filing

Before you go, we thought you'd like these...
Before you go close icon


Rick Ross is in deep trouble with the taxman.

The "Hustlin'" rapper owes the Internal Revenue Service (IRS) some $5.7 million in back taxes, though his team is confident the matter will be settled shortly.

According to TMZ, which broke the story, Ross (aka William "Rick Ross" Roberts II) paid $5.7 million less than he should have from 2012 to 2014, a sum which breaks down to $4.6 million for 2012 and just over half a million in 2013 and 2014, respectively.

Ross has blamed an "incorrect filing" by a "prior accountant" for the multi-million dollar sum he owes.

'''

26 PHOTOS
Rick Ross
See Gallery
Rick Ross
LAS VEGAS, NV - SEPTEMBER 12: Rapper Rick Ross performs during the official weigh-in for WBC/WBA welterweight champion Floyd Mayweather Jr. and Marcos Maidana at the MGM Grand Garden Arena on September 12, 2014 in Las Vegas, Nevada. Mayweather Jr. will defend his titles against Maidana on September 13 in Las Vegas. (Photo by Ethan Miller/Getty Images)
FILE - This Sept. 29, 2012 file photo shows Rick Ross performing at the BET Hip-Hop Honors at Boisfeuillet Jones Atlanta Civic Center in Atlanta. Police in South Florida say rapper Rick Ross crashed his Rolls Royce into a building after hearing shots fired nearby. Police say Ross and a female companion reported hearing multiple shots fired in their direction early on Monday, Jan. 28, 2013. Police say Ross lost control of the silver Rolls and crashed into an apartment building. Neither Ross nor his passenger was injured and police say it did not appear that any bullets struck the Rolls. (Photo by John Amis/Invision/AP, file)
Rapper Rick Ross poses for a portrait at Def Jam in promotion of his upcoming album "Hood Billionaire" on Tuesday, Nov. 11, 2014 in New York. (Photo by Victoria Will/Invision/AP)
Rapper Rick Ross poses for a portrait at Def Jam in promotion of his upcoming album "Hood Billionaire" on Tuesday, Nov. 11, 2014 in New York. (Photo by Victoria Will/Invision/AP)
Rapper Rick Ross poses for a portrait at Def Jam in promotion of his upcoming album "Hood Billionaire" on Tuesday, Nov. 11, 2014 in New York. (Photo by Victoria Will/Invision/AP)
Rapper Rick Ross poses for a portrait at Def Jam in promotion of his upcoming album "Hood Billionaire" on Tuesday, Nov. 11, 2014 in New York. (Photo by Victoria Will/Invision/AP)
This Nov. 11, 2014 photo shows rapper Rick Ross posing for a portrait at Def Jam In New York in promotion of his album "Hood Billionaire," released on Monday, Nov. 24. (Photo by Victoria Will/Invision/AP, File)
NEW YORK, NY - NOVEMBER 12: Rick Ross attends 106 & Park at BET studio on November 12, 2014 in New York City. (Photo by Bennett Raglin/BET/Getty Images for BET)
NEW YORK, NY - OCTOBER 16: Rick Ross Pperforms at the Def Jam Recordings 30th Anniversary Concert at Barclays Center of Brooklyn on October 16, 2014 in New York City. (Photo by Mychal Watts/WireImage)
Rapper Rick Ross is photographed in New York, Aug. 1, 2006. (AP Photo/ Jim Cooper)
Rapper Rick Ross is photographed in New York, Aug. 1, 2006. ( AP Photo/ Jim Cooper)
Rick Ross performs "Hustlin," at the 21st Annual Soul Train Music Awards on Saturday, March 10, 2007, in Pasadena, Calif. (AP Photo/Phil McCarten)
Musician Rick Ross arrives at the 21st Annual Soul Train Music Awards on Saturday, March 10, 2007, in Pasadena, Calif. (AP Photo/Gus Ruelas)
Rick Ross performs at his BET Awards afterparty with 1800 Tequila at Element nightclub Sunday, April 28, 2009 in Los Angeles. (AP Photo/Katy Winn)
Rick Ross, center, DJ Khaled, left, and Ace Hood perform at the BET Awards on Sunday, June 26, 2011, in Los Angeles. (AP Photo/Matt Sayles)
From left, Lil Wayne, Ace Hood, DJ Khaled, and Rick Ross perform at the BET Awards on Sunday, June 26, 2011, in Los Angeles. (AP Photo/Matt Sayles)
Rick Ross arrives at the BET Awards on Sunday, June 26, 2011, in Los Angeles. (AP Photo/Chris Pizzello)
Rick Ross arrives at the 55th annual Grammy Awards on Sunday, Feb. 10, 2013, in Los Angeles. (Photo by Jordan Strauss/Invision/AP)
Rick Ross performed at the 2013 BET Hip Hop Awards at the Atlanta Civic Center on Saturday, September 28, 2013, in Atlanta, Ga. (Photo by Dan Harr/Invision/AP Images)
Rick Ross performed at the 2013 BET Hip Hop Awards at the Atlanta Civic Center on Saturday, September 28, 2013, in Atlanta, Ga. (Photo by Dan Harr/Invision/AP Images)
Rick Ross performed at the 2013 BET Hip Hop Awards at the Atlanta Civic Center on Saturday, September 28, 2013, in Atlanta, Ga. (Photo by Dan Harr/Invision/AP Images)
Rick Ross performs on stage during Power 106's Cali Christmas at Honda Center on Saturday December 14, 2013 in Anaheim, CA. (Photo by Paul A. Hebert/Invision/AP)
Rick Ross attends the Rush Philanthropic Arts Foundation's 15th Annual Art for Life Benefit at Fairview Farms in Water Mill on Saturday, July 26, 2014, in New York. (Photo by Scott Roth/Invision/AP)
NEW YORK, NY - OCTOBER 16: Rick Ross performs during Def Jam Recordings 30th Anniversary Concert at Barclays Center of Brooklyn on October 16, 2014 in New York City. (Photo by Johnny Nunez/Getty Images)
LAS VEGAS, NV - SEPTEMBER 12: Rapper Rick Ross (R) performs during the official weigh-in for WBC/WBA welterweight champion Floyd Mayweather Jr. and Marcos Maidana at the MGM Grand Garden Arena on September 12, 2014 in Las Vegas, Nevada. Mayweather Jr. will defend his titles against Maidana on September 13 in Las Vegas. (Photo by Ethan Miller/Getty Images)
of
SEE ALL
BACK TO SLIDE
SHOW CAPTION +
HIDE CAPTION

The rapper's reps shared the below statement, "I've been fortunate enough to experience financial success on a large scale through both my music career and my many business ventures. With this type of financial success comes financial responsibility. As artists we are blessed to be able to make money, but on the same note, are held accountable for our federal tax obligations just like everyone else. I am fully aware of my current dealings with the IRS. This issue arose from an incorrect filing by a prior accountant for the 2012 tax year."

He added, "My new team of accountants have corrected the prior filing, and as anyone who has dealt with the IRS understands, it is a process. We have already satisfied a large portion of these issues and I can assure you that we are working very closely with the IRS to bring a full resolution shortly and will continue moving forward in a positive direction."

The feds have issued a tax lien, according to the report, and the rapper faces jail time if he doesn't pay up.


Read Full Story

From Our Partners