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11271 Ventura Blvd #612 Studio City, CA 91604 Inside This Issue pg 1 ∙ Rockin’ in Rhode Island pg 2 ∙ The Power of Intuition pg 3 ∙ From the Practice Corner pg 4 ∙ Member Spotlight pg 5 ∙ Free Online Master Class pg 6 ∙ Shout-Outs! pg 8 ∙ IRS Terror Tale of the Month
IRS Terror Tale of the Month MULTI-MILLIONAIRE RAPPER FAILS TO ‘GIVE IT TO’ THE IRS
Earl Simmons, better known as rapper DMX, has stood in the spotlight since his earliest singles dropped in the 1990s. Simmons’ first five albums each debuted at No. 1 on the Billboard 200 charts, making him the only artist in history to do so. Many of these albums would go platinum, and a number of singles stayed on the charts for weeks. This included the 2003 song “X Gon’ Give It to Ya,” which recently experienced something of a revival after being featured in the 2016 hit film “Deadpool.” Though he earned millions from song royalties, album sales, concert tickets, and celebrity appearances, Simmons is accused of failing to pay the IRS their due. Acting U.S. attorney Joon H. Kim, who will preside over the case, states Simmons “went out of his way” to evade his tax responsibilities. Supposedly, the rapper ran an elaborate scheme for years, avoiding personal bank accounts, paying personal expenses in cash, and setting up accounts in other people’s names. Once, when appearing on an episode of “Celebrity Couples Therapy,” Simmons refused to
film the show unless he was issued a check without withholding any taxes. Ultimately, Simmons could owe over $1.7 million if charged with 14 counts:
• One count of corruptly endeavoring to obstruct and impede the due administration of internal revenue laws • One count of evasion of payment of income taxes • Six counts of evasion of assessment of income tax liability • Six counts of failure to file a U.S. individual income tax return In July 2017, after surrendering to authorities, the rapper pled “not guilty” to all charges and left police custody after posting his $500,000 bail. The case is still ongoing, but if convicted, Simmons could face up to 44 years in jail. And if he gets jail time, he might change his genre from singing rap to singing the blues.
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