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Home » News/Gossip » IRS Cancels Auction Of Young Buck’s Property

November 14, 2010 • admin • Leave a Comment

IRS Cancels Auction Of Young Buck’s Property

The auction of rapper Young Buck’s property has been canceled, IRS officials said Tuesday.

The IRS was set to auction off thousands of dollars worth of music equipment, jewelry, paintings and other swag once owned by the Nashville-area rapper on Thursday.

But his attorney filed suit this week to recover his property and stop the auction, saying that he would sell real estate worth $638,500 to begin repaying those taxes.

Young Buck, whose real name is David Darnell Brown, owed the IRS more than $164,000 in income taxes, according to the government.

IRS agents in August seized thousands of dollars in property to pay off the debt, including several gold and platinum records for his own work and collaborations with rapper 50 Cent, several pieces of fine art, multiple LCD and plasma televisions, designer watches and an assortment of faux-fur coats and more.

In the court filing, Brown’s attorney wrote that the seizure caused stress with his children and family and impeded his ability to repay the government. She added that the property was needed for Brown’s, “peace of mind to maintain calmness in order to stimulate the creative juices.”

Brown is looking to hire an accountant to go through three years’ worth of tax returns and determine his true income.

An open house was scheduled Wednesday to view the items to be auctioned off with the auction following on Thursday morning.

Brown himself announced the cancellation of the auction on his Twitter feed.

“Sorry PEOPLE,” Brown wrote on Twitter. “There will be no AUCTION of my STUFF tomorrow!! Lol!! TRY AGAIN. HUH ???”

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