No Tax Refund for Lil Wayne: IRS Claims He Owes $12 Million

Billy Johnson, Jr.
Yahoo Music

Lil Wayne owes more in back taxes than most people earn in a lifetime.

According the Miami Herald, the IRS filed a lien against the Young Money rapper for $12,155,084, citing unpaid taxes dating back to 2011.

The rapper owes $5.8 million for 2011 and $6.3 million for 2012, the Herald reports, referencing the lien filed by the Miami-Dade Country Clerk of Court's office.

[Related: Lil Waynes "The Carter V" Receives May Release Date]

A spokesperson for the artist, whose real name is Dwayne Carter Jr., said the issue was being investigated. "Lil Wayne's tax attorney and accountant are looking into the matter," she told the Herald.

The rapper scheduled to release his "Tha Carter V" album on May 5 is consistently one of hip-hop's top earners.

In 2011, the "How to Love" rapper made $27 million, ranking No. 5 on Forbes's Hip-Hop Cash Kings list. His "Tha Carter IV" debuted with 1 million album sales, and he also partnered with Pepsi's Mountain Dew and released his Trukfit clothing line.

In 2012, he earned $16 million and landed in the No. 7 spot on the Cash Kings list. That year he released his album "I Am Not a Human Being II" and additionally enjoyed proceeds from his clothing line and Young Money label that boasts a roster including other rap superstars Nicki Minaj, Drake, and Tyga.

[Related: Lil Wayne's Rumored "Tha Carter V Track List]

The New Orleans-bred artist with an estimated worth of $135 million enjoys a lavish lifestyle. In 2010, he spent more than $1 million to purchase a Bugatti Veyron. The following year, he bought a 15,000 square foot home in Miami Beach for $11.3 million.

Last June, he settled a $3.4 million judgment that stemmed from a 2012 lawsuit filed by Quincy Jones III. In December 2012, he paid $7.72 million in back taxes for 2008 and 2009.

Follow Billy Johnson Jr. Facebook, Twitter.