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Damon Dash Owes The IRS $3 Million in Back Taxes
posted Monday July 25, 2011 at 11:32AM PDT | 15 comments
Dame has reportedly faltered on payments to Uncle Sam.
Damon Dash’s financial struggles have been well publicized over the past few years and the most recent news says that the Roc-A-Fella Records co-founder currently owes the IRS almost $3 million in taxes.
The Detroit News reports that according to a June 30th lien filed against Dash, the 40-year-old former music mogul is required to pay $2,984,364 to clear his debt. Back in 2008, the New York Post reported that Dash was facing foreclosure on his home, after being sued for mortgage payments he hadn’t made. At that point, it was reported that Dash already owed approximately $2 million to the IRS in back taxes.
Dash sold his share in Roc-A-Fella Records to Island Def Jam in 2004, since then he’s been creating music with a variety of artists in his New York City studio and art gallery DD172.