- Days left

Ja Rule Faces Jail Time for Guilty Plea on Tax Charges

×
Ja Rule faces up to three years in prison for failing to pay more than $3 million in taxesRapper and actor Ja Rule, whose real name is Jeffrey Atkins, pleaded guilty Tuesday to failing to pay federal income taxes on more than $3 million earned between 2004 and 2006. He faces up to three years in prison for the charges, as well as penalties.The plea agreement comes after an investigation into Atkins' failure to pay taxes from 2004 through 2008. Assuming that Atkins meets the conditions of his plea agreement, the government will drop two additional counts against him for failing to pay taxes in 2007 and 2008.

Atkins' income in 2007 and 2008 was significantly less than in 2004, 2005 and 2006. Atkins' income peaked in 2005 after the November 2004 release of Ja Rule's sixth studio album R.U.L.E, which debuted at No. 7, selling 166,000 copies in its first week of release. The album's lead single was "Wonderful," featuring R. Kelly and Ashanti -- it peaked on the Billboard Top 100 Singles chart at No. 5.

This isn't Atkins' first run-in with the law. In 2003, he allegedly punched a man in Canada; the matter was settled out of court. The following year, Atkins was arrested for driving with a suspended license and possession of marijuana.

In 2007, Atkins was arrested again on drug possession charges, along with fellow rapper Lil Wayne. Police also found a gun at the scene; Atkins eventually pleaded guilty to the weapons charges and received a two-year jail sentence. Atkins has not served time on the weapons charge; his attorney is expected to ask to have the tax evasion sentence served concurrently with the weapons sentence.

Atkins has promised, through his attorney, to pay the delinquent taxes. He's scheduled to be sentenced June 13 on the three tax evasion charges and faces up to a year in prison and $100,000 in fines on each count.

Atkins' attorney has said, about the rapper's problems, "He's been working on addressing these issues for some time, and he's taking full responsibility."

Increase your money and finance knowledge from home

Banking Services 101

Understand your bank's services, and how to get the most from them

View Course »

Introduction to Retirement Funds

Target date funds help you maintain a long term portfolio.

View Course »

TurboTax Articles

What Are the Tax Penalties for Smokers?

Starting in 2014, the Individual Shared Responsibility provision of the Affordable Care Act made you responsible for having minimum essential coverage, or MEC, in health insurance. Otherwise, you need to be eligible for a health care exemption, or you could pay a penalty when filing your income tax return. This requirement for minimum essential coverage applies to smokers and nonsmokers alike. If you're not covered by an employer's health plan and are a smoker, you can go to the health care marketplace to find MEC. If you're still unable to comply, you may have a penalty applied.

A Brief History of Income Taxes

Did you know President Abraham Lincoln, one of America's most beloved leaders, also instituted one of its least liked obligations - the income tax? In this brief history of taxes, see the historical events which shaped income taxes in the United States today.

How to Itemize Taxes When Claiming Dependents

Claiming dependents and itemizing deductions is an effective way to save money on your income taxes. Each dependent you claim allows you to reduce your taxable income by one exemption. Get a step-by-step overview on how to take advantage of itemizing your taxes when claiming dependents in this article on tax tips.

Add a Comment

*0 / 3000 Character Maximum