HPC Market Watch

Monies Allegedly Owed by MC Hammer to IRS are Leftover From 1996 Bankruptcy Filing

Rap star MC Hammer said today that news reports about $625,000 in back taxes he allegedly owes to the Internal Revenue Service are from 15 years ago, and he is disputing the sum with the IRS.

“I paid the IRS 100 percent of their claim,” said Stanley Burrell, better known by his rap star moniker MC Hammer. “In the past year or so, they decided--wrongly--that I owed them additional taxes from 15 years ago. I am contesting this claim through my tax attorneys and my case is making its way through the IRS appeal process. I hope to be successful.”

Hammer said that the alleged past due amount of approximately $625,000 is not related to his current successful business ventures and have no impact on them. Hammer owns or works on several businesses including: Dance Jam, his own record label, production company, and musical appearances, as well as other ventures.

Hammer is currently being featured on “Hammertime,” television show on the A&E network. http://www.aetv.com/hammertime/. He has more 1.2 million followers on Twitter http://twitter.com/Mchammer.

He said news reports today incorrectly give the impression that the music star is facing new financial issues, but that is not the case.

“I think the IRS claim is wrong and unfair,” he said. “When there was a sum of $7 million dollars available, the IRS took the amount they said was due them. Now they want to come back for more now that it's 15 years later? That’s just not right and I’m fighting that nonsense.”


Singer Associates
Sam Singer, 415-227-9700
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