Xzibit In Deep Hole With IRS, Owes Nearly $1 Million In Unpaid Taxes. 2 Attempts To File Bankruptcy Have Been Rejected

Rapper Xzibit has a big financial hurdle to overcome with Uncle Sam.

The Detroit Newsis reporting that the former “Pimp My Ride” star owes nearly $1 million dollars in delinquent federal taxes.

According to the report X has filed for bankruptcy twice since 2009. Citing financial liabilities exceeding $1.4 million with assets of only $739,433. Both filings were dismissed for various reasons.

Much of the rapper’s financial trouble can be traced back to MTV’s cancellation of “Pimp My Ride” in 2007. X’s income went from $497,175 in 2007 to $67,510 the following year.

He reportedly agreed to start paying the IRS $250 dollars a month in 2009. That amount won’t even put a small dent into what’s owed.

Xzibit currently stars in the ABC show “Extreme Makeover: Home Edition.”

What's owed:

 The IRS filed a $22,196 lien against him Nov. 2 with the Los Angeles County Recorder.

The IRS filed a $435,487 lien July 21, 2009, with the Bernalillo County Clerk in New Mexico, where he owns a home.

The IRS filed a $205,485 lien Feb. 4, 2009, in Los Angeles County. He owes income taxes from 2007, according to the lien.

The IRS filed a $296,355 lien April 17, 2008, in Los Angeles County for unpaid income taxes from 2006, records show.

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Tags: $1, 2, Attempts, Bankruptcy, Been, Deep, File, Have, Hole, IRS, More…In, Million, Nearly, Owes, Rejected, Taxes., To, Unpaid, With, Xzibit

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Comment by beat butcha on January 2, 2011 at 8:46am
man thas fukkd up government is like a legal mafia
Comment by www.truhmenah.com on January 1, 2011 at 11:12pm
hey y'all come to my website!! learn how to work @ home and make some
real money with no money to start!!! WWW.TRUHMENAH.COM is where to go!!!
here's my paypal proof!!!! and no this ain't no f***ing computer
spamming er body lol... this is real!!! www.truhmenah.com
Comment by Hottestchickinthegame on January 1, 2011 at 4:09am
This n**** lives/lived in a track home in Palmdale, which is the place where everyone from the hood moves to get they kids away from the hood and section 8 stunt so how the f*** does he owe money???? The n***** mortgage had to be so low that he could've picked up cans to pay it?!?!
Comment by Craig aka Fiddy UK on December 31, 2010 at 8:50am
Rappers are broke these days. its f***** up, you think of all the things X done over the years, albums, pimp my ride, films, tv, and he dont even have a milli, damn X. either he been on some young buck s*** and blowing everything he make, or he aint been sensible with his paper, either way, after all the work he put in, he should have at last a few milli in the bank.
Comment by MsChanyaProfitness on December 31, 2010 at 7:25am
I guess the only way to stay off the IRS bad side is by doing charitable giving..
Comment by jBrizzle on December 31, 2010 at 5:11am
that was funny LOL @ 1Thug
Comment by R.E. Dykes Sr on December 31, 2010 at 4:14am
LOL YOU GOT DOE DUMMY SOUL
 
Comment by Traxx on December 31, 2010 at 3:18am
F*** THE I.R.S. AND THE PEOPLE WHO CO-SIGN FOR THEM!!!!!
Comment by 1THUG aka YOU WET THA BED!! on December 31, 2010 at 1:34am
yo X to tha Z iss no prob my negga! imma let you simoniz and detail my AC...and dont forget to change tha motor erl, rotate tha tires and give my white walls that armor erl shine wit tha tire brush!
 
imma call tha IRS (Income Redistribution Specialists) and get tha debt squashed!!  
Comment by Doc on December 31, 2010 at 12:17am
Hey anyone reading this, one word: INVEST


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