After years of back and forth with the IRS, agents showed up at the Nashville home of former G-Unit artist, Young Buck, seizing assets like recording equipment, jewelry, furniture, and his platinum wall plaques. The action was taken due to a $300,000 past tax bill. Although Buck’s lawyers filed in court last month to protect the rapper’s assets, the situation was apparently too far gone to save everything. Armed Federal Agents showed up to the house this morning and rang the doorbell, using a shotgun to warn the rapper against any interference with the seizure proceedings. Buck was able to keep his vehicles and his home.
After what was obviously a tense situation, Young Buck remains saddened but relatively unscathed and reflective. “The worst part of this isn’t the material stuff–that will all be replaced. It’s what it does to the people around me. They took my kids’ Playstation, my assistants’ computers, and baby’s mothers’ jewelry. They took my home studio so I can’t even record…”
Looking back, Buck realizes that he should have taken a more hands-on approach to the severance of his financial matters from his former management team, accountant and label but is confident that it is a mistake he will not make twice. “I have a new team in place, but I am also paying full attention now. Nothing like this will ever happen again. This is a huge wake up call for all entertainers to stay on top of your own trusted employees and team members, and replace anyone that was put in place by your record label if the situation you have goes sour. This IRS situation came about because I trusted accountants, lawyers, and managers to handle my business for me while I focused on making music. From now on, I am going to stay on top of my own business.”
Buck offered up the following statement to concerned fans. “Things you go through in life make you who you are and I’m alright!”
That must be a crazy experience to go through, pay your taxes!