Damon Dash hit with new tax bill
July 7th, 2013 8:30pm EDT
Fallen rap mogul Damon Dash is facing fresh money woes after he was slapped with a tax bill for a whopping $2.8 million (£1.8 million).
Jay-Z's former business partner allegedly failed to pay federal taxes on earnings from 2005 and 2011 and now Internal Revenue Service officials are demanding he pay up, reports TMZ.com.
Dash has been drowning in debt since parting ways with the Empire State of Mind hitmaker in 2004 and recently claimed he is "working every day" in an effort to settle his financial troubles, which include more than $2 million (£1.29 million) in outstanding taxes to New York state.
He has also faced legal action over a 2006 loan he reportedly reneged on and was almost evicted from his home in Carmel, New York after struggling to pay his rent.
This news article provided by World Entertainment News Network
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