Troubled rapper 6ix9ine, whose real name is Daniel Hernandez, now faces a staggering $8 million tax bill from the Internal Revenue Service, following years of financial mismanagement and apparent confusion regarding his tax obligations.
The controversial artist recently disclosed his financial predicament during a candid livestream with content creator Deshae Frost, revealing the extent of his tax woes and the government’s aggressive collection efforts.
During an unfiltered livestream chat, 6ix9ine laid bare his tax nightmare and the government’s relentless pursuit of payment.
According to Hernandez, he has already paid approximately $6 million toward his tax debt, only to be informed that an additional $2 million remains outstanding. The substantial liability reportedly accumulated after his release from prison, when the rapper signed a $13 million music deal but failed to properly manage the resulting tax implications.
This financial windfall, coupled with a lack of financial literacy, created a perfect storm for tax complications.
The IRS has taken significant enforcement actions against the rapper, including raiding his home earlier this year and subsequently auctioning many of his personal belongings.
These aggressive measures have forced Hernandez to dramatically downsize his lifestyle, now reportedly owning just one vehicle among his remaining assets.
“They’re making an example out of me,” Hernandez stated during the livestream, suggesting the IRS’s handling of his case serves as a cautionary tale for others in the entertainment industry who might neglect their tax responsibilities.
Despite the financial pressure, the rainbow-haired artist continues to maintain aspects of his colorful public persona while attempting to rebuild his career.
Financial experts note that celebrities often face particular challenges with tax compliance due to irregular income streams and complex business arrangements.
Hernandez’s situation highlights the importance of proper financial guidance, especially for those who experience sudden wealth.
Many artists in similar positions could benefit from registering with performance rights organizations to properly manage their music income and ensure all royalties are accounted for in their financial planning.
He has frequently cited his lack of knowledge about money management as a significant factor in his current tax troubles.
During his incarceration, Hernandez paid significant tax sums including $2.1 million in 2018 and $1.9 million in 2019 through his accountant.
Music industry advisors suggest that establishing diverse income streams could have helped the rapper create more financial stability and potentially avoid such severe tax consequences.
As the rapper works to resolve his remaining tax obligations, his public acknowledgment of these struggles marks a notable departure from the flamboyant displays of wealth that previously characterized his social media presence.
For now, Hernandez appears focused on addressing his financial responsibilities while cautioning others about the serious consequences of tax negligence.
