Damon Dash owes more than $4 million in unpaid state taxes.
They say is you owe someone money you’ll never be broke. That must be why music mogul Damon Dash has no worries about paying his debts.
According to Page Six, Damon Dash owes the state of New York $4.14 million in unpaid taxes.
Dash, Jay Z’s former manager and business partner at Roc-A-Fella Records, has been hit with a lien over state income tax he owes from 2005, 2007, 2010 and 2011.
Dash — who’s launching a new streaming service similar to Netflix through his Website — has been battling the IRS for years over claims he owes millions in taxes. In 2013, he reportedly was hit with a nearly $3 million tax bill by Uncle Sam.
Reached by e-mail, Dash, 44, simply told Page Six, “Y’all telling the same story for five years.”
In 2011, he confirmed he owed “way more” than $2 million in taxes and that the IRS was auditing him. He said the audit was a result of his accountant’s failure to itemize his expenses. “If I have an accountant that just reports I just invested $10 million in my business and he doesn’t exactly itemize where every cost goes, it gives a flag to the government,” he said.
Dash was named No. 35 on the new list of the top 250 New York state delinquent taxpayers. Also on the list, at No. 37, is famed restaurateur Nello Balan with a “warrant balance” of $1.41 million for personal income tax from 2008, withholding tax in 2001 and 2006 through 2008, and sales tax for 2001, 2002 and 2006 through 2009.
Damon better pay those taxes!
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