The new year is not looking too bright for “Young Money” CEO and rapper Lil Wayne, who was just slapped with a $12 million tax lien, for failing to pay income taxes in 2011 and 2012.
Per Gossip-Grind (via TheBoomBox), according to court docs — filed with the Miami-Dade County Clerk’s office — Wayne failed to pay $5.8 million in 2011 and $6.3 million in 2012.
If Wayne doesn’t cough up the dough, the IRS is threatening to seize his luxurious mansion in La Gorce Island, Fla., which was listed at $11.6 million in 2011.
The nine bedroom home comes with a three-car garage and a three-bedroom guesthouse adjacent to a large swimming pool.
Wayne joins a list of rappers who have failed to pay their taxes.
Luckily, Weezy however won’t be doing any jail time — not like his fellow artist friends Lauryn Hill and Fat Joe who weren’t lucky to escape the wrath of the law and had to do prison time on tax-evasion charges. But we digress…
This isn’t Wayne’s first run-in with Uncle Sam. Back in 2012, the Miami based rapper paid $7.72 million in back taxes to the IRS.