Montell Jordan on $11K IRS Debt Ballooning to $1.7M, Went Bankrupt and Sold Music Catalog (Part 12)

Watch the full interview now as a VladTV Youtube Member -    / @vladtv   Part 11:    • Montell Jordan on the Benefit of Getting E...   Part 13:    • Montell Jordan on Leaving the Music Busine...   Part 1:    • Montell Jordan on Growing Up in Crip Area ...   -------- In this clip, R&B singer Montell Williams refers to the IRS as "Gangster" before explaining why their claim they he owned them $1.7 million is inaccurate. He reveals that it all stems from $50K "production deal" that he agreed to with his record label. He goes on to reveal that his financial advisor neglected to factor in the $11K tax fee for the government. Therefore, his account went into default and the owed to the IRS accumulated over years with interest. This eventually led to him filing for bankruptcy. Eventually, he was able to pay the IRS back after selling off his music catalog. Interview by: Shawn Prez Check out his youtube channel at:    / powermovemakers