Rick Ross Drops $4.6M To Settle Tax Debt With The IRS
Rick Ross handed over M’s to the IRS.
Rick Ross recently settled his $4.6M debt with the IRS, TheBlast reports. Official documents reveal that The Department of Treasury filed a Certificate of Release of Federal Tax Lien after Rozay coughed up the money to the IRS. The MMG boss paid $4,617,370.86 for a tax bill that was left unpaid for over a year. Ross was originally hit with the tax lien in 2016. The IRS told Ross that if he didn’t clear his debt with them, they’d begin the process to seize his assets.
Now that Rozay handed over $4.6M to Uncle Sam, he won’t have to worry about the IRS seizing his income to satisfy his debt.
He also claimed victory in his legal battle with 50 Cent over his “In Da Club” remix which landed on 2015’s Renzel Remixes. The judge threw out the lawsuit, claiming Fif didn’t have a valid argument because he didn’t own the copyright or the master recordings of the song.
Now that the lawsuit was thrown out and his debt has been settled, hopefully, we’ll get his forthcoming project, Port of Miami 2 before the end of the year.