DMX Facing More Than 40 Years in Prison for $1.7 Million Tax Debt
The indictment says that that DMX has avoided paying $1.7 million in taxes. The rapper surrendered to law enforcement officials and is expected to go before a judge in a Manhattan federal court today.
A release issued along with the indictment by the U.S. Attorney General's Office claims DMX evaded taxes by setting up accounts in others' names and paying personal expenses largely in cash. He was charged with 46 counts, including “one count of corruptly endeavoring to obstruct and impede the due administration of Internal Revenue Laws, one count of evasion of payment of income taxes, six counts of evasion of assessment of income tax liability, and six counts of failure to file a U.S. individual income tax return."
The release also claimed that DMX took other elaborate steps to avoid concealing his income from the IRS. Specifically, prosecutors claim he listed his income in 2011 and 2012 as “unknown” when he made $350,000 and $540,000 , respectively, and in 2013, he reported income of $10,000 though he made $250,000 that year.
If convicted on all 14 counts, DMX reportedly faces 44 years in prison.