While his tax debt reportedly dates back five years ago, JD has finally handled the situation.
Jermaine Dupri is tax debt free after he recently paid off a giant lien … but it cost him nearly TWICE AS MUCH as it should have. According to docs filed recently in Georgia, Dupri owed $493,818.75 in back taxes he failed to pay for the year 2007. But get this … the principal was only $254,782.64. Here’s what the state tacked on: Interest — $91,721.75 Penalty — $64,969.57 Collection fee — $82,294.79 Costs — $50 (why bother?) The lesson here … PAY YOUR TAXES ON TIME! (TMZ)