Lil Wayne's $5.6 million tax debt Released Online

By Mr. Hollywood
JR Staff Writer

Back on top of his game, Lil Wayne is currently enjoying the success of his "6 Foot 7 Foot" hit. By the looks of things, nothing could spoil the rapper's fun. After spending most of 2010 in a jail cell, Lil Wayne intends to dominate 2011, making 2008 seem small in comparison.

With Tha Carter IV coming next month, Lil Wayne is raking in all kinds of cash. He also profits from his Young Money label, through stars, Drake and Nicki Minaj. Even with all of these sources of income, Lil Wayne could soon run into trouble. The rapper is facing tax issues.

Tax troubles have gotten the best of many black entertainers over the past few years. Ronald Isley and Wesley Snipes are among the people who have served, or are serving time, only naming a few. Rapper, Ja Rule is headed to prison after being $2 million in debt. Lil Wayne's debt, however, is much bigger than that of Ja Rule, as he owes a whopping $5.6 million to Uncle Sam.

Lil Wayne owes taxes on money made during the 2008-2009 period. This was the period in which he released Tha Carter III and expanded his Young Money roster.

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Ronald Isley is Free, prepares New Album

Back in 2006, Ronald Isley was busted for tax evasion and he was sent to prison. In 2007, Isley began his prison sentence, but he was recently released on good behavior. Said to have learned his lesson, Mr. Biggs is ready to begin his comeback. Still with Def Jam, he is working on a new album.

Throughout his career, Ronald Isley has been hailed as one of the top R&B artists of all-time. His career was on the brink of nonrelevance when he was revived by R. Kelly. Ever since that time, he has made a habit of working with some of the top artists in hip hop and R&B. His new album will continue that trend.

Earlier today, the legend sat down with Steve Harvey to discuss his upcoming projects. Immediately, Isley met with L.A. Reid to begin his next album. For his next album, Ronald Isley is working with the likes of T.I., Rick Ross, and Lauryn Hill. Aside from the music, he said that he has a new lease on life.

Ronald Isley said that he is overjoyed to be back home with his family. With a three-year-old son at home, he wants to be around for as long as he can to set a good example. Their relationship got off to a rocky start, as Isley began their relationship as an inmate. In every relationship with every person, the first impression is everything and Ronald Isley was lucky that his child is young. Given his age, statistics say that he only has so much time with his son. Using that as his main inspiration, Ronald Isley has plans of staying out of prison and being there for his son as much as possible.

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