Kanye West Claims the IRS ‘Froze’ His Accounts Due to $50 Million in Owed Taxes

30.11.2022 - 06:47 / usmagazine.com

Kanye West recently claimed he owed millions in taxes after the IRS put a hold on four of his bank accounts.

The “Heartless” rapper, 45, alleged that his “finance people” told him he needed to “pay a lot of taxes” during the Monday, November 28, episode of the “Timcast IRL” podcast.

“I’m talking about literally finding out that they were trying to put me in prison this morning,” West said. “But I found out — OK, so they froze, they put a $75 million hold on four of my accounts. And then they said, ‘You owe a lot of taxes.’”

After sharing that it took him about “six hours” to figure out how much “a lot” was, the Yeezy designer shared that the total amounted to “around $50 million.”

During the episode, West admitted that he was “obviously not the most financially literate person on the planet” and had to ask “different CFOs” whether what he owed qualified as “tax evasion.”

“So now I’m having — I get to actually learn how to run a company. I get to learn how to, you know, to count, really,” he said, explaining that he “stopped growing” once he became famous at age 24. “It’s like I didn’t even know where to put the money.”

The news comes just a few days after the “Gold Digger” artist revealed his plans to run in the 2024 presidential election.

The “Stronger” crooner initially launched his campaign via his newly resurrected Twitter account on November 24. West captioned a series of campaign ads with the hashtag “#Ye24.”

The Chicago native has been the subject of multiple controversies over the last few months. In October, West made headlines after he wore a “White Lives Matter” shirt to his Paris Fashion Week show. While multiple stars, including Gigi Hadid, Hailey Bieber, Diddy and Vogue’s Gabriella Karefa-Johnson have since called