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Jim Jones, The Game, Bizzy Bones

Deducting Making-It-Rain $$$

IS LEGIT!!!

3/5/2013 6:10 AM PST BY TMZ STAFF
EXCLUSIVE

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Rapper Jim Jones is figuring out how to deal with Uncle Sam next month, and he's considering deducting expenses on his income tax for making it rain.  Well guess what, in theory he might have a fighting chance of winning.

Jones is not alone.  Bizzy Bone tells TMZ, "I'm giving charity to females who need their light bills paid.  So, of course, that's a write-off.  You write off your kids, don't you?"

The Game tells TMZ ... making it rain "is good for business and promotion that comes with the lifestyle of a rapper.  They bump our music in a strip club, so me giving the girls a little bit of change to shake their ass -- that comes with the business.  Everybody wins."

Daz Dillinger tells us, "Hell yeah.  I'm going to see about getting my taxes fixed as soon as possible."

And Lil' Flip tells TMZ he's actually done it ... deducted making-it-rain expenses from his taxes.

So here's the deal ... There are 2 possible ways a rapper could justify deducting strip club tips as a business expense:

1.  ENTERTAINMENT EXPENSES. These costs could be deducted if the rapper is entertaining a client, customer or employee and the expense is not "lavish or extravagant." So it might be hard for Drake to justify dropping 50K in a club, but another rapper who lets a grand fly would have a much better argument.

2.  ADVERTISING OR PUBLICITY. These expenses could be deducted if they are "reasonable ... and are directly related to [the rapper's] business." Funny thing ... a lot of rappers say making it rain is something they have to do to build their image so people will buy their records, so as crazy as it sounds, they may have a leg to stand on.

But there's another problem -- those pesky receipts. Strippers don't typically take a time-out to pull a receipt out of their G-string.

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88 COMMENTS

No Avatar
31.

RedwoodPerch    

That box of money that Drake had in no way could hold $50k worth of $1 bills. It will be amusing if he tries to make a claim to the IRS for that much,

408 days ago
32.

Sam    

It's called the Debauchery accounting method used by businessmen since the dawn of tax write-offs.

408 days ago
33.

Jackie    

And most of these rappers have been jailed.

408 days ago
34.

Cricket    

Most of these idiots have been criminals at some time or another. Way to glorify their stupidity. This is the most ridiculous story I've ever read on Tmz. Please don't do it again.

408 days ago
35.

RedwoodPerch    

Do people get "Street Cred" for filing taxes? That's SOOOOO GANGSTA !!!

408 days ago
36.

Phishie from Philly    

It's 100% a tax right off because he's promoting his dumb as.s self. I know it's hard to believe buts it's true.
..
Phishie from Philly

408 days ago
37.

Cheryl A.    

It will NEVER work. If you deduct your children that is one thing, if you give money to a NOT FOR PROFIT charitable organization, that is also legal to deduct. These guys are throwing money away to see tits and ass and Uncle Sam is NOT going to let that be deducted from their tax returns.

408 days ago
38.

Abusement76    

You ain't from this neighborhood, this is the real H & R block!

408 days ago
39.

laffnbear    

A deduction may not be helpful.
Many "rappers" don't pay their taxes anyway.

408 days ago
40.

Ginger    

What is it with rappers and strip clubs? Is that supposed to be cool? Just makes their trip to the poor house all the more quicker. Dumbazz's.

408 days ago
41.

RaisingStar    

Something tells me that the strippers are the ones whose going to get pinched in the long run. Uncle Sam might be okay with these fools giving them a years salary in one night but the fact still remains that someone has to pay the taxes on that money. Next time throw a private party. I'm available M-Sun. And I give reciepts. Lol!

408 days ago
42.

UNLV1990    

When this guy files for bankruptcy and he will. i hope they play this video.

408 days ago
43.

cecil b carter    

If a ceo of a company can claim $19.00 for an orange juice than these rappers should be able to claim this ....

408 days ago
44.

KicksandGiggles    

As much as I foam at the mouth about taxes, this scenario actually amuses me. Be sure & Tell John Boehner this is the kind of tax write offs for the rich he and his gang are currently fighting for the ultra rich. Like it or not, some rappers are included simply by the numbers for lavish business deductions Boehner & his crew grow wood for. LMAO!!! Harvey, quick let them know!!!!

408 days ago
45.

str8edgewriter    

Rap is the stupidest genre of music ever created. It's like saying a dj is talented. Making money off other artists' labor is weak. And no, race pimps, it's not prejudiced; people who learn instruments or have a voice are just better than talkers, black or white, who glamorize drugs, crime and themselves. Give me Sam Cooke or Johnny Cash any day over an insecure beat stealer, likely with the overused "Lil'" before their pseudonym.

408 days ago
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