Kanye West owes over $1M in taxes after failing to pay on 2 Calabasas homes and Yeezy brand
CALABASAS, CALIFORNIA: According to recent reports, Kanye West is being accused of possessing over $1 million in unpaid taxes, following the discovery of four liens totaling a staggering $934,033.56 against his Yeezy apparel line.
The former billionaire had a turbulent year when his anti-Semitic outbursts caused him to lose all of his partnerships with Adidas, Gap, Balenciaga, and other brands. It has been reported that his $2 billion status has plummeted to about $400 million.
Kanye West owes millions in Calabasas homes he shared with Kim Kardashian
According to information obtained by Daily Mail, West's apparel company, Yeezy Apparel, LLC, has four outstanding tax liens against it that were filed for unpaid business taxes amounting to $934,033.56 during the previous three years.
The rapper, who has blown up people worldwide with his outbursts, owes $101,093 in property taxes on the two Calabasas properties he owned with his ex-wife, Kim Kardashian, further worsening the situation.
He received one of the properties as part of the divorce agreement, a $2.2 million four-bedroom property he purchased with his ex-wife in May 2018. Documents indicate that the performer has not paid taxes on the $2.2 million mansion since 2021.
The second asset is West and Kim's three-bedroom condominium, which they purchased in August 2017 for $1.6 million. It is claimed that the rapper, 46, ceased paying taxes on that residence, which totals $19,939.
West now owes $81,154 in total, which is $26,759 in 2021, $26,781 in 2022, and $27,614 in 2023. West has not paid any taxes on that property since 2021.
Thus, the total amount of delinquent property taxes for the two properties is $101,093.
Kanye West's Yeezy apparel owes over $9 million
The State of California's Franchise Tax Board made its most recent demand in March 2023 for $319,356.58, including $9,644.40 in interest and a penalty of $97,063.78.
This results from unpaid taxes due between March 2022 and October 2021. There are two additional active tax liens against the rapper.
One was submitted in September 2022 covering the period from April to September 2021, for which the business is obligated to pay $321,591.71 in total, including interest and penalties.
An additional $279,085.99, which includes interest and a $92,374 penalty, was filed in February 2022. This was applicable from January 2020 until March 2021.
The first lien was filed in July 2021 for $13,999.28, which included interest and penalties, for a period of three months beginning in April 2020.
Yeezy Apparel is currently $934,033.56 in debt.
West owes $1,035,126.56 in business and property taxes in total. The penalties are still piling up, making it unclear when he will be able to afford the large amount.
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Moreover, West, now known as Ye, gave up on his initial plan to relocate his Yeezy business to Wyoming.
The building has become dilapidated, but the new Yeezy headquarters is currently located on Melrose Ave in West Hollywood.
Rather than attending to the maintenance, West has been spotted traveling across the world with his Australian spouse Bianca Censori, whom he frequently outfits in skimpy attire.
Kanye West embroiled in legal battles with former business partner
Along with his alleged unpaid taxes, West has been involved in legal battles. His former business partner, Thomas St. John, filed a $4.5 million breach of contract claim, which was later dismissed, as exclusively reported by Radar Online.
The rapper's recent erratic conduct is consistent with his economic activities; this month, it was revealed that the $57 million Malibu beachside house he purchased in September 2021 was being offered for $4 million less.
Project manager Tony Saxon is suing West currently, stating he intended to use it as a "bomb shelter from the 1910s" and was warned about the "danger of such actions."
Doors, windows, HVAC, plumbing, electrical, and mechanical systems are all missing from the house at the moment.
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