AllHipHop.com MOBILE, News  

Damon Dash Hit With $2.8 Million Tax Bill

Damon Dash

(AllHipHop News) Financial troubles continue to plague executive Damon Dash, who was recently hit with a $2.8 million tax bill.

According to TMZ.com, the former Roc-A-Fella Records CEO owes for the years 2005 and 2011.

Damon Dash is accused of failing to pay the IRS $2,614,918.10 in 2005, while 2011 shows that he owed $187,544.20.

In May, Damon Dash appeared in a Manhattan Court to answer charges that he failed to  pay back a $237,078 loan.

[ALSO READ: Hip-Hop Rumors: Is Dame Dash Rich Or Broke]

During the court filings, he detailed his financial woes.

“I am currently several months behind paying my personal bills,” Damon Dash said in the filing. “For instance, I am currently over $100,000 behind in rent for the only home in which I live and at risk of being evicted.”

Damon Dash also has to pay $24,000 every three months to his ex-wife Rachel Roy, $20,000 per-month in garnished wages, $4,341.10 a month for his son Christian and over $40,000 per-month in outstanding tax obligations.

“I’m an independent businessman and this is what comes from business,” Dash continued. “I have the guts to fight my battles on my own and it’s entertainment to everybody else because I’m so cool about it.”

blog comments powered by Disqus

AllHipHop Archives of Culture

Copyright © 1998 to Infinity, AllHipHop.com, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited. Powered by WordPress.com VIP

AllHipHop.com Today