Rapper turned tech mogul MC Hammer was recently dragged into reports that he owed the IRS nearly $800,000 in back taxes, which he denied on Twitter. The 51-year-old star tweeted, "I put over 5 million dollars in my account asked the IRS how much do you want ? They put it in writing, I paid them and got a receipt."
Similar reports surfaced back in 2011, with the rapper reportedly owing a similar amount for back taxes from 1996-97. He cleared up rumors that time as well, tweeting "700k ... Don't get too excited .. I paid them already and kept my receipt. Stamped by a US Federal Judge."
After sky rocketing to fame in the 90's, Hammer famously spent a huge chunk of his $33 million fortune, which led to bankruptcy in 1996. Since then, he became a preacher and had his own ministry on the Trinity Broadcasting Network, and now has had success investing in tech companies.
Source: dailymail.co.uk
