Lil Wayne is facing a tax lien to the tune of $12 million, stemming from years of unpaid taxes.

Weezy allegedly failed to pay taxes for 2011 and 2012. For 2011 he owes a staggering $5.8 million. And for the following year, it’s even worse – more than $6.3 million, TMZ reports.

So what exactly is a tax lien? Here’s the answer, along with a few other lessons we can learn from Lil Wayne’s tax lien:

As Lil Wayne says, “You got money and you know it. Take it out your pocket and show it and throw it.” Lil Wayne, you mean throw it in the general direction of the IRS, right?

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Related Resources:

  • Lil Wayne Hit With $12 Million Tax Lien By IRS (Vibe)
  • Val Kilmer Owes IRS $500,000: Feds Put Lien on his Property (FindLaw’s Celebrity Justice)
  • Lil Wayne Loses Lawsuit, Must Pay $2.2M to Quincy Jones III (FindLaw’s Celebrity Justice)
  • Browse Tax Attorneys by Location (FindLaw)

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