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While the IRS Was Collecting Young Buck’s Scarface Poster and Various Other Material Possessions, They Allegedly Found a Gun

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.

Nashville Rapper Facing Federal Charges [WSMV]

An IRS agent walks into a bar…

…which is never good.

IRS agents searched Vic’s Food and Spirits, which is owned by Vic Center, at about 9 a.m. Tuesday as well as two other properties owned by Center, said an employee.

“We had a visit,” said Warren Oliver, the tavern’s bartender. “They took all of our lists, numbers and papers — everything, with them.”

Young Buck feels your pain, Warren Oliver.

IRS agents search area tavern [Dayton Daily News]

Two Days After the IRS Took His Favorite Scarface Poster, Young Buck Filed for Chapter 13 Bankruptcy

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]

For Some Unknown Reason, The IRS Confiscated a Nearly Worthless Scarface Poster in Young Buck Raid

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).

Anyway, we now learn that agents also confiscated a $31k Breitling Bentley watch AND a Scarface movie poster with an approximate value of…$10.

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]

Of Course the IRS Had a Reason for Raiding Your Home

Earlier in the week we mentioned an Indiana man who was suing the Feds for wrongful death because his wife committed suicide after an IRS raid.

Well, it turns out that the raid wasn’t a training exercise.

A Huntertown man who federal authorities say earned more than $1.7 million in assets but did not report the earnings on income tax filings has been charged in a 23-count indictment by a federal grand jury seated in South Bend.

James A. Simon, 59, faces charges of filing false federal income tax returns, failure to file reports of foreign bank and financial accounts, fraud involving private financial aid, and fraud involving federal financial aid, all for an alleged scheme that ran 2003-2006.

Through involvement with five separate businesses – foreign and domestic – Simon is alleged to have not reported funds obtained as earned income, but instead claimed monies as nontaxable loans and advances.

Simon spent all but about $50,000, the indictment alleges.

The wife might be better off.

IRS strikes back in 23-count indictment for Huntertown man [Fort Wayne News-Sentinel]

Man Blames IRS Raid for Wife’s Suicide

The widower of a woman who committed suicide three days after ten armed IRS agents raided their home in 2007 is suing the U.S. Government.

Federal court papers say Fort Wayne resident Denise Simon left behind a note stating she could not “live in terror of being accused of things I did not do.”

The lawsuit filed by James Simon in U.S. District Court in Fort Wayne says Denise Simon and her 10-year-old daughter were the only ones home when about 10 armed IRS agents raided their residence on Nov. 6, 2007.

The suit also alleges IRS agents made misleading statements to obtain a search warrant.

Pre-tay sure this is the last thing the Service needs to be associated with. The IRS didn’t immediately return our call seeking comment. An IRS spokeswoman got back to us but due to federal disclosures laws, the IRS not permitted to discuss a specific taxpayer case.

Ind. man blames IRS for wife killing herself 3 days after agents raided their home [Fox 59 WXIN]