KanyeWest recently claimed he owes millions in back taxes after the IRS blocked four of his bank accounts.
The “Heartless” rapper, 45, claimed his “financiers” told him he had to “pay a lot of taxes” during the Monday November 28 episode of the podcast “Timcast IRL.”
“I’m talking about literally finding out they tried to put me in jail this morning,” West said. “But I found out – OK, so they froze, they froze four of my accounts with $75 million. And then they said, ‘You owe a lot of taxes.’”
After sharing that it took him about “six hours” to figure out how much is “a lot,” the Yeezy designer shared that the total came to “about $50 million.”
During the episode, West admitted he was “obviously not the most financially literate person on the planet” and had to ask “various CFOs” if what he owed qualified as “tax evasion.”
“So now I have to – I can actually learn how to run a business. I’m learning how to really count,” he said, explaining that he “stopped growing” when he found fame at the age of 24. “It’s like I don’t even know where to put the money.”
The news comes just days after the “Gold Digger” artist announced his plans to run in the 2024 presidential election.
The crooner “Stronger” first launched his campaign on November 24 via his newly resurrected Twitter account. West hashtagged “#Ye24” in a number of campaign ads.
The Chicago native has been the subject of several controversies in recent months. In October, West made headlines after wearing a “White Lives Matter” t-shirt at his Paris Fashion Week show. While several stars, including Gigi Hadid, Hailey Bieber, diddy and Vogues Gabriella Karefa-Johnson Since calling for his election, West has only doubled down on his stance.
Weeks later, West posted several anti-Semitic messages on Instagram and Twitter, claiming he wanted to commit “Death Victims 3” against Jews.
“I’ll say I’m sorry for the people I hurt with Death Con. 0′ the Grammy winner finally said during an October interview Piers Morgan uncensored, although he added that he had no regrets about the anti-Semitic remarks. “I feel like I’ve hurt and created confusion. And I feel sorry for the families of people who were unrelated to the trauma I went through and for using my platform where you say hurt people hurt people. I was injured.”
West’s comments have subsequently cost him millions of dollars worth of branding deals, with Adidas, Balenciaga, Gap, Vogue and CAA (Creative Arts Agency) all cutting ties.
On Tuesday, November 29th Us weekly confirmed that West and ex-wife Kim Kardashian had settled their divorce after their first separation in February 2021.
According to the documents, the KKW Beauty founder, 42, and the “famous” crooner will receive joint custody with “equal access” to their four children: North, 9, Saint, 6, Chicago, 4, and Psalm, 3. The settlement also states that the musician will pay the reality star $200,000 a month for child support and will be responsible for 50 percent of his children’s education and safety expenses.
Last week, Rolling Stone released a report revealing that Yeezy employees had written an open letter to Adidas accusing West of office abuse and inappropriate acts towards employeesand claimed West had previously shown nude pictures of his then-wife to people at the company.
A source exclusively shared on Friday Us the The Kardashians star was “disgusted” by the claims and is trying to “see what photos the former employees have seen” to “confirm” the allegations.
“She feels hurt and horrified,” the insider added at the time.
West has frequently discussed the challenges of co-parenting. In September, he claimed he had to “scream” at what his children were “wearing.”
“I have a voice, but I had to fight for it,” he said at a performance Good morning America. “It hurts you when you have to yell about what your kids are wearing. It was all a disregard for something I helped create. I co-created the children.”
However, the Skims founder slammed her ex in February for his “constant attacks on me in interviews and on social media.”
“Divorce is difficult enough for our children and Kanye’s obsession with controlling and manipulating our situation in such a negative and public way only causes further pain for everyone,” Kardashian wrote via Instagram at the time.
https://www.usmagazine.com/celebrity-news/news/kanye-west-irs-froze-my-accounts-due-to-millions-in-owed-taxes/ The IRS has “frozen” my accounts for millions of dollars in taxes owed.