California owes Kanye West’s Yeezy Clothing Brand $600,000 in back taxes.

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California owes Kanye West’s Yeezy Clothing Brand $600,000 in back taxes.

In July 2021, as well as February and September 2022, notice letters were sent to the discredited rapper’s company.

Kanye West has been dogged by conflict and controversy throughout his career, but now more than ever. His most recent squabble? The state of California. The disgraced rapper’s clothing line, Yeezy, owes at least $600,000 in taxes, according to state tax liens.

Kanye West’s downfall, one of rap music’s most enigmatic figures, will go down in history. The Chicago rapper’s mounting debts only serve to heighten the already-controversial picture that surrounds him and his businesses.

Several businesses, including Gap, Adidas, and Balenciaga, have severed ties with the rapper in response to West’s recent antisemitic comments. After the business deals fell through, Forbes delisted West from its list of billionaires.

According to NBC, Yeezy Apparel, which West reportedly manages and owns, owes the state of California more than $600,000 in unpaid taxes, as evidenced by a number of state tax lien notices gathered over the previous two years.

A lien occurs when a claim is made against the assets of a person or an organization because of an alleged debt.

The rapper’s company received notice letters three times, in July 2021, February 2022, and September 2022, according to NBC.

Liens can be imposed “if a company or taxpayer does not respond to their letters about taxes owed, pay in full, or set up a payment plan,” according to the state’s government website.

Yeezy Apparel has been in business since 2017, according to public California business records, and declared itself to be in “good standing” in a January annual filing, according to NBC.

However, knowing West, he won’t remain silent for very long. West and the Yeezy brand representatives have not yet commented on the recent announcement. A response is expected to follow shortly.

The tax laws are very complex. Our short blog articles cannot cover in full all the nuances of the rules. Your specific facts may hold various opportunities and possible risks that only trained, experienced, and highly qualified tax specialists can spot. We encourage you to find such help, rather than trying to figure it all out on your own. Consider giving this marketplace a try by posting your project and signing up here.

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[…] In July 2021, as well as February and September 2022, notice letters were sent to the discredited rapper’s company. Kanye West has been dogged by conflict and controversy throughout his career, but now more than ever. His most recen  […]

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