IRS Freezes Kanye’s Accounts As He Owes $50 Million In Taxes

Kanye West’s legal troubles continue to mount, and now it appears he’s having issues with the IRS. According to a new report, the IRS has put a hold on four of Ye’s accounts, freezing him out of $75 million as he reportedly owes $50 million in back taxes.

During an appearance on the right-wing podcast “Timcast IRL,” the rapper opened up about his financial situation to host Tim Pool.

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“I’m talking about literally finding out that they were trying to put me in prison this morning,” he explained. “But I found out — okay, so they froze, they put a $75 million hold on four of my accounts. And then they said you owe a lot of taxes. Took me, like, six hours to find out how much ‘a lot’ was. They said, well, around $50 million.”

“So now I’m having — I get to actually learn how to run a company. I get to learn how to, you know, to count, really,” he continued. “It’s like I didn’t even know where to put the money.”

Kanye admitted he’s “obviously not the most financially literate person on the planet,” and said he’s consulted the CFOs of his businesses to learn about tax evasion.

During the interview, Kanye also said he’s trying to open his own bank.

Ye’s issues with the IRS follow a string a legal and financial trouble.

Following a series of antisemitic and-Black comments, Kanye lost his long-time partnership with Adidas last month. Shortly after, Forbes reported that Ye had lost his billionaire status with the termination of the partnership.

Various brands and companies have cut ties with Kanye in the wake of his behavior, including Balenciaga, the Gap, and Vogue.

He’s also facing multiple lawsuits, many of which were filed by former employees who claim workplace harassment and discrimination. Kanye has reportedly made pay-outs to several ex-employees already.

One of the biggest lawsuit Ye is facing was filed by George Floyd’s family, who are seeking $250 million in damages after the Yeezy founder made defamatory and untrue statements about how George died.

On top of all this, Kanye is also still dividing his assets with Kim Kardashian. Though the two were declared legally single earlier this year, they still need to agree to the division of their assets as well as custody of their four children.

Kanye missed a scheduled deposition earlier this month, and was given one more chance to appear in court. However, source says his absence (and any future ones) won’t bode well for him in the ongoing divorce.

Sources: Yahoo, Business Insider,

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