Normally, as 2nd Amendment enthusiasts will tell you, this would be NBD but if you were convicted of stabbing someone in 2004, then it’s a big no-no.
According to an indictment unsealed Monday, he’s charged with being a convicted felon in possession of a .40-caliber pistol and ammunition. Federal authorities said all this happened on or about Aug. 3. That was about the same time federal agents raided his Hendersonville home. Records that Channel 4 obtained showed that the 29-year-old owed about $300,000 in taxes dating back to 2006.
YB pleaded not guilty to the charges. As you may recall, the IRS rounded up Royal Copenhagen Bear Figurines, a Tennessee Titans refrigerator, Louis Vuitton gun holster among other things, with the intent to auction them off. Mr Buck didn’t take this very well, got his lawyer to stop the auction and he subsequently sued the Service for his inability make a living. The IRS was not impressed and now they seem to be done playing games; YB faces ten years if convicted.
The IRS also doesn’t buy the rapper’s attempt to tie the success of his work to the missing assets, questioning the necessity of having “Royal Copenhagen bear figurines” and the afore-mentioned soda machine [Titans!] and games around in order to write hip-hop tunes. [WSJ]
If you’re like us, you were crushed by the news of the IRS canceling the auction of Young Buck’s treasures. Whether it was the ‘marijuana leaf picture‘ or the Titans Fridge, the auction really had a lot to offer and it’s a shame – a damn shame – that Mr. Buck’s attorney put a stop to it.
But having your home raided by IRS Agents wielding shotguns (our vision) is enough to get the most passive citizen upset. So if you’re Young Buck, simply getting to keep your material possessions won’t suffice:
Officials said Young Buck is suing the IRS over the raid, saying the government’s response to his tax problems has hurt his ability to make money and pay off his debts.
Got it? The IRS kicked down the doors, made off with all the man’s goods and now his records won’t sell. It has nothing to do with his music sucking.
Yesterday we listed out some of the fine items up for bid at the IRS’s Young Buck auction. The auction is slated to go down on October 28th at 10 am Tennessee time.
The complete inventory (after the jump) runs four pages ve more interesting items for your consideration:
• Titans Refrigerated soda machine – Chris Johnson finally turned it on last week, didn’t he?
• Tattoo Kit – whenever the moment strikes you.
• Louis Vuitton gun holster – Pictured.
• Craps gaming table – Because reenacting the scene from A Bronx Tale is just embarassing.
• Ms. Pac Man video game – History lesson for the kids
If you’re looking to bid and aren’t in the Antioch, TN area here’s the mail-in form but no plastic, you’ve got to come with cash, certified or cashier’s check, etc. Good luck and good bidding.
And just in case you need some visuals, a few items from the Treasury’s website follow.
Keeps perfect time!
Who’s got a birthday on June 15th?
For those looking to spruce things up around the house.
[caption id="attachment_19427" align="alignright" width="150" caption="Could be yours"][/caption]
From the Tennessean:
• Several gold and platinum records for his own work and collaborations with 50 Cent – Yawn.
• Several pieces of fine art – Fine art according to whom? The IRS or the reporter? OR Young Buck?
• Multiple LCD and plasma televisions – Shock.
• Designer watches and an assortment of faux-fur coats – Again, floored.
• Pictures of Al Pacino and rapper Tupac – Lover of legends, obviously
• A “marijuana leaf picture” – Bid increments are 25¢.
• Three Royal Copenhagen white bear figurines – These? Really, Young Buck?
• A 3-foot white and silver Santa Claus decoration – Never too early to start the Christmas shopping!
Look, maybe if shotgun-toting IRS Agents kicked down your door and took your video games, a five-figure watch and a movie poster that has far more sentimental value than any of you can appreciate, then you might know Young Buck’s frame of mind.
If not, then you best button it.
Two days after every material possession in your house is taken away (and if you’re a hip-hop artist, material possessions are pretty much everything) you’re bound to re-examine your life.
Brown proposes having his label, Cashville Records, dock his pay $12,500 a month for 60 months, for a total of $750,000. The bankruptcy filing claims Brown earns a total of $19,170 a month.
The entertainer filed for Chapter 13 on Aug. 5. U.S. Bankruptcy Judge George C. Paine accepted the proposed plan and ordered the payroll deductions Aug. 20. Brown will be free to keep his additional income, including royalty payments.
In other words, he’ll be back to Scarface wallpaper in no time.
Rapper Young Buck files for Chapter 13 bankruptcy after IRS raid [The Tennessean]
Earlier in the month you may recall the story of hip-hop artist Young Buck being on the wrong side of a IRS raid that involved some of those shiny shotguns.
At that time, we learned that the agents seized several items – recording equipment, jewelry, furniture, his platinum wall plaques – even Mr Buck’s PlayStation (he says it was his son’s but, come on).
We’re not too familiar with IRS protocols, so perhaps when someone’s house is raided, the standard operating procedure is to take literally everything. The furniture. The porno collection. Worthless movie posters that there are literally tens of thousands of copies of. It all goes.
Presumably, the agents could have sold the poster to a kid on the street for a few bucks so they could get coffee but it would still be only enough money for one or two coffees. Or maybe it was enough for one (one!) cover at the local strip joint for the post-raid celebration. Or maybe on of the guys/gals really, really, really wanted that poster. Who knows?
Motivation aside, it certainly serves as another fine example of IRS shrewdness when it comes to collection efforts.
$31,000 watch among items seized from Young Buck’s home [The Tennessean]
When Young Buck woke up yesterday morning, he probably wasn’t expecting IRS agents armed to the teeth barging in and taking everything in sight.
But according to TMZ, that’s exactly what happened.
According to Young’s rep, IRS agents rolled up to the platinum-selling rapper’s house in Nashville this morning to go on a repossession rampage over the alleged tax debt — seizing assets like recording equipment, jewelry, furniture, his platinum wall plaques … and even his kids’ PlayStation.
Allegedly YB owes $300k in back taxes which isn’t the largest sum but it’s sizable enough. When TMZ asked Mr Buck how he got himself into such a pickle he responded, “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.”
Hopefully this doesn’t mean that the music doesn’t suffer like the business did. We can’t imagine such a huge blow to the culture.