Beanie Sigel IRS Tax Evasion Lands 2 Year Prison Sentence
Rapper Beanie Sigel has been sentenced to two years in prison after failing to make $700,000 in payments to the Internal Revenue Service (IRS).
Sigel recently admitted to not filing tax returns in 2003, 2004 and 2005.
IRS investigators also found that Sigel failed to pay most of his taxes from 1999 through 2002, making only a single 10,000 tax payment in 2001.
During the case federal prosecutors found that Beanie Sigel earned $2.2 million in taxable income from 1999 through 2005 and therefore owed $728,536. The rapper was not charged with tax evasion from 1999 through 2002 because the statute of limitations had already run its course.
Before a judge sentenced him Sigel addressed the U.S. District Court in Philadelphia, admitting that he takes “total responsibility” for failure to file his taxes during the times in question.
While Beanie Sigel admitted to the tax evasion he also blamed family members and friends who spent most of his cash reserves while he was busy searching a jail sentence in 2004 and 2005 related to drug and gun charges.
Speaking to the court about that period in his life Sigel claimed:
“I haven’t been able to get my career back on track since.”
Sigel must surrender himself on Sept. 12, 2012 to begin his sentence.
The new jail sentence is yet another sad fall from grace for the rapper who once performed on tracks with Jay-Z, Snoop Dogg and various other big name acts in the hip hop world.
After handing out the sentence the judge told Sigel:
“I think you might have violated the tax code for the last time.”