Damon Dash Owes $4.14 Million in Taxes | lovebscott.com

Damon Dash Owes $4.14 Million in Taxes

NEW YORK, NY - MARCH 09:  Damon Dash attends "Vibes Are The Only Currency" Art Exhibition Opening on March 9, 2014 in New York City.  (Photo by Rob Kim/Getty Images)

Damon Dash owes the state of New York over $4 Million in taxes for years 2005, 2007, 2010, and 2011.

Did we mention he’s getting ready to launch his own streaming service?

via Page Six:

Dash — who’s launching a new streaming service similar to Netflix through his Website — has beenbattling 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.

One thing’s for sure, Uncle Sam won’t stop until he collects his money!

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