Kanye West’s yeezy clothing brand owes California $600,000 in unpaid tax debt

According to a new document, Kanye West owes California $600,000 in taxes and has received three notices about unpaid fees in the last two years, glamsquad reports.

 

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The 45-year-old American rapper allegedly received a tax lien notice in July 2021 and another in September 2022 related to his clothing brand Yeezy.

 

West, who now goes by the moniker Ye, has been open about his financial struggles since 2016, when he revealed his $53 million debt.

After companies such as Adidas cut ties with the rapper due to his rampant antisemitism, the former billionaire was also dropped from Forbes’ high-status rankings.

Since July 2021, West has received several lien notices. A lien is a claim placed on an individual’s assets if they have unpaid debts. According to Forbes, the first lien received by the clothing brand was $13,999.

The second lien was sent in February 2022 for $279,085, and he received another in September for $321,591. The liens total more than $610,000 in total.

 

‘Multiple California tax liens totaling $600,000, that’s certainly a sign of either extreme incompetence or extreme cash problems,’ said Edward McCaffery, a USC law professor.

 

‘It’s like an Amber Alert for the enterprise’s financial health.’
The controversial rapper’s financial debt appears to have landed him in hot water with the IRS.

 

On November 28, West told podcaster Tim Pool that the IRS had placed a $75 million hold on four of his bank accounts. He also claimed to owe $50 million in back taxes.

 

‘Okay, so they froze, and they put a $75 million hold on four of my accounts,’ West explained to Pool. ‘And then they told you that you owe a lot of taxes.’ It took me about six hours to figure out how much ‘a lot’ was. ‘Well, around $50 million,’ they said.

 

West has a history of failing to pay his tax obligations.

 

On The Late Late Show with James Corden, the singer admitted to being $35 million in debt in 2018. However, he stated that he received a $68 million tax return in 2019.

 

‘I made $115 million last year and ended up $35 million in debt,’ he previously explained.

 

‘This year, I looked up, and I just got $68 million back on my taxes.’

 

In 2016, the rapper shocked his fans by revealing that he was $53 million in debt.

 

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He tweeted about his debt and asked for prayers. ‘I write this to you my brothers while still 53 million dollars in personal debt,’ West wrote at the time. Please pray for our victory… ‘This is my genuine heart…’

 

West also admitted in 2015 that he went $16 million in debt while attempting to launch his Yeezy clothing line.

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