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Damon Dash

Jay-Z's Ex-Biz Partner

ROC-A-TAX LIEN

7/7/2013 9:10 AM PDT BY TMZ STAFF
EXCLUSIVE

0707_damon-dash_getty Damon Dash probably wishes he still had Jay-Z on speed dial ... because the cesspool of debt he's wading in just got worse ... he's been slapped with a $2.8 MILLION TAX BILL.

Dash -- who co-founded Roc-A-Fella Records and Rocawear with Jay -- has been open about the fact that he's drowning in debt ... despite the fact that at one time he was half-king of a multi-million-dollar business.

Now, his financial problems have worsened. Uncle Sam filed a federal tax lien against Dash, claiming he needs to cough up some un-paid tax cash for the years 2005 and 2011. The breakdown:

2005: $2,614,918.10
2011: $187,544.20

Grand total: $2,802,262.30 ... i.e. a whole lotta cheddar.

The 2005 bill is clearly larger ... which makes sense considering Hov and Dash parted ways back in 2004 -- meaning in 2005, he was probably still raking in some major-taxable bucks. 2011 ... not so much.

FYI -- Dash has said he owes millions in back taxes to the State of NY and NJ and claims he's lost multiple properties to foreclosure.

Meanwhile, Jay ... is still super rich.

28 COMMENTS

No Avatar
1.

static    

Fake it till you make it only carries you so far.

472 days ago
2.

Truth is    

Someone put a spell on him...Jay z or aaliyah's folks. It gets worse and worse. A rolling ball of bad luck after bad luck.

472 days ago
3.

Azi    

It's always better to the I.R.S. than to screw 'em out of it.

472 days ago
4.

Joao    

Rapper types, either not paying bills, delinquent taxes, baby mama drama, foreclosure, fights, guns, drugs, prison, getting around going to prison, throwing money away at strip joints, taking the money and running from concerts (bums & thieves)... always the same old chit.

472 days ago
5.

Celeb Gossip Addict    

I don't think Jay needs to do business with him ever again because Dame is an idiot, but I wish they could repair their friendship. It's sad to see them like this.

472 days ago
6.

@RICHROLLINNHC    

I feel bad for this man. He helped build the roc and at the end of the day found out his partner was always and still is a snake. Jay z couldnt have build the roc without this man.

472 days ago
7.

UNLEVINED HARVEY    

haaa haaa funny irresponsible child-like black men

472 days ago
8.

David    

Hey Damon I think the Ad Bots have some suggestions .For those financial woes ..Marry a Rich Black man or earn $ 86 an hour

Thanks TMZ AD BOTS

472 days ago
9.

Toilethead    

Don't those idiots know they have to pay taxes?

472 days ago
10.

MAX    

hahahaha stoned much dash

472 days ago
11.

Sassy    

IRS always catches up with you! I remember Dash used to wear stuff only once. Once! When the business changed and his income changed as well, maybe he should have dialed back his spending. Maybe he did, maybe he didn't. The article below from March is worth the read.



http://www.celebritynetworth.com/articles/celebrity/how-damon-dash-blew-through-a-50-million-fortune/

472 days ago
12.

Rich     

This is a good thing!!!

472 days ago
13.

FIX YOUR MATH    

$2,802,262.30

INCORRECT TMZ!!!

It's $2,802,462.30

472 days ago
14.

laffnbear    

At least he can take comfort in knowing he is one of a large number of former black "businessmen."

472 days ago
15.

Duke Steele    

I hit a lottery for about two thousand early one year. I for got about it by the next years tax time. Both the state and feds were up my ass less than two months after filing. How can someone owe so much and go so long before being nabbed?

472 days ago
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