Tax evasion is nothing to play with and #DMX is learning that the hard way! According to CBS NYC, the Ruff Ryders front man has been concealing his income for several years and now owes the IRS close to $1.7 million dollars.
In the indictment, prosecutors said: “For years, Earl Simmons, the recording artist and performer known as DMX, made millions from his chart-topping songs, concert performances and television shows. But while raking in millions from his songs, including his 2003 hit ‘X Gon’ Give it to Ya,’ DMX didn’t give any of it to the IRS.”
Though the IRS began their efforts to collect taxes in 2005 from his earlier earnings, between 2010 and 2015, DMX reportedly earned more than $2.3 million but didn’t file personal income taxes at any point during those 5 years.
U.S Attorney Joon H. Kim alleges DMX went out of his way to evade taxes by avoiding personal bank accounts, setting up accounts in other’s names and paying personal expenses in cash.
The U.S Attorney’s Office in NYC has charged DMX with 14 counts of tax evasion and if found guilty on every count, he’s looking at 44 years in a federal prison.