Rick Ross Issues Statement Addressing Tax Problems

Included in Ross’ announcement was a line from his press agent stating the rapper “owes an estimated amount of $5.7 million dollars in back taxes.

“I’ve been fortunate enough to experience financial success on a large scale through both my music career and my many business ventures,” Ross said. “With this type of financial success comes financial responsibility. As artists we are blessed to be able to make money, but on the same note, are held accountable for our federal tax obligations just like everyone else. I am fully aware of my current dealings with the IRS. This issue arose from an incorrect filing by a prior accountant for the 2012 tax year.  My new team of accountants have corrected the prior filing, and as anyone who has dealt with the IRS understands, it is a process.  We have already satisfied a large portion of these issues and I can assure you that we are working very closely with the IRS to bring a full resolution shortly and will continue moving forward in a positive direction!”