TAX NEWS - JUNE 2010

US Tax: Another Rapper In Tax Trouble: Chamillionaire Owes The IRS $184,000

Chamillionaire tax records has hit the internet. According to sources, the rapper owes the IRS $184,000 and his debt dates back to 2007.

The IRS filed a $184,692 lien against Chamillionaire (real name Hakeem Seriki) and his wife, Deetra, on Nov. 23 with the Montgomery County (Texas) Clerk. According to the lien, they owe income taxes from 2007. (Detroit News)

Last week, Naire had his home in Houston foreclosed on.

Chamillionaire had his Houston mansion repossessed by the bank after it went into foreclosure, but the rapper claims it was a calculated business decision. He bought the 7,583 sq. foot home in 2006 for $2 million, but failed to make several payments.

Sounds like Chamillionaire was putting his hat where he can't reach it.