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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
46.

gaildeville    

deducting on taxes, don't you have to have a reciept. How do you prove how much money you spend to make it rain. do the strippers on the floor fighting for this cash rain give out reciepts so they can pay taxes on make it rain cash. Is there a tax decuction for these rappers being retarded. smh. Idiots. TMZ gettin desperate for articles for this site.

512 days ago
47.

IndyMike    

Can someone put a bullett in these arrogant no talent ass's!!! It won't happen. Stupid nogs all are the same waste of money and will be broke.

512 days ago
48.

Rusty Shackleford    

too bad strippers dont give receipts.

512 days ago
49.

helloitsme    

They need to shut up and pay their taxes like the rest of America. If they can afford to 'make it rain' they can afford to pay their taxes.

512 days ago
50.

NYCBlackMan    

ONLY A ****ING BLACK MAN WOULD CONSIDER BEING THAT BOTTOM!!!!!! BLACK MEN STAY LOSING........im a PROUD BLACK so I can say it and know its the TRUTH!

512 days ago
51.

helloitsme    

The only things sure in life are death and taxes!

512 days ago
52.

JustDaTruth    

He better get his story straight to the IRS. If he says it was a charitable contribution, then the strippers have to be a legit tax-exempt organization with a 501(c)(3) status, unless they are a religious organization, in that case they are exempt from that exemption.

You also can't claim a tax exemption for a charitable deduction if you receive a service or product. If he claims they spin his music in exchange, then it's not a charitable cause.

I would love to see a bunch of these douches throw down some dollars on strippers and then find they can't deduct it at all.

512 days ago
53.

FLUX    

Rappers "build their image" by making it rain in a strip club ? I think that statement says it all. It's not about legality it's about stupidity.

512 days ago
54.

Netty    

These guys are so ****ing pathetic!!! They have to PAY bitches to dance for them. They don't have women just throwing themselves at them. There's a reason you guys have to PAY for it. Dickens lames! No real man would ever say some **** like that! Pay your taxes like everyone else. They haveso much money, showing off yet they act like bitches when it comes time to be an adult and handle responsibility. Well I'm not surprised that the rappers who are trying to pull this scheme are a bunch of lame has Bernstein. Man the **** up and stop paying bitches to be around you. It ain't pimping if the bitches are using you for your money.

512 days ago
55.

Dillymac    

They should probably hold onto this money since in about 3 years they're gonna be begging the government for food stamps

512 days ago
56.

DaDa    

But don't these idiots have to FILE for taxes first before talking about deductions?!?

512 days ago
57.

Jacko69bell    

Suave mente!!!!!

512 days ago
58.

Violent Pope    

Sounds legit but these guys are some stupid f•cks

512 days ago
59.

TheEntertainmentAccountant    

I really hope no inspiring artists are listening to these idiots and if these rappers have business managers that allow them to deduct these as expenses need to have them fired. In order for them to deduct "Making it Rain" as an expense they will 1099's and RECEIPTS from the stripper or strip club. Good luck with your IRS audits. Wesley Snipes needs a bunk mate.

512 days ago
60.

Reyna38    

Pathetic

512 days ago
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