MC Hammer Is Back In Tax Trouble
MC Hammer lost an $800,000 tax battle against the IRS.
According to Bossip, an appeals court ruled last week that Hammer must pay the outstanding debt, upholding an original judgment from a three-year-old lawsuit. The debt however, dates back to 1996, the same year Hammer filed for bankruptcy.
Hammer, born Stanley Burrell, was under the impression that he paid the IRS along with the more than $1 million paid to creditors in his notorious bankruptcy case. “To come back after the fact and assert claims after millions of dollars have been paid out by creditors from which these claims have been paid in full, is the misconduct the USA committed,” he argued.
Apparently, Uncle Sam wasn’t on that debt list and successfully sued Hammer in 2012. He appealed the judgment, but the most recent decision means the court agrees with the IRS. Moreover, the court found no misconduct on the part of the IRS, and says Hammer failed to show evidence of such behavior.
Hammer’s story is one of the more notorious cases of young stars blowing money fast. At the height of his fame, the Oakland, Calif., native was worth over $30 million before reckless spending and vast debts ate up his fortune.
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