Bow Wow has issued a statement denying a news report that he owes the IRS a grip of money.
According to TMZ, the Cash Money rapper owes $91,105.61 in unpaid taxas for the year 2006, but Bow Wow insists the report is bogus.
"TMZ saying they are about to runa story on me thats once again “Not True” as im sitting in my beautiful condo as of RIGHT NOW that they said i dont have anymore. (Bow Wow with no home thats like a whore that doesn’t like d**k) We all know not to believe anything the media writes or blogs its their job to entertain the minds of the simple minded," he wrote on his blog.
He then goes on to explain why his new album Underrated isn't coming out this year as originally planned.
"I hear yall jokes 'His sh*t aint never droppin' it is dropping. When I Feel like its right tho. My album sounds nothing like what you've heard come out of the camp PERIOD so far."
With so many artists on the YMCMB team it's inevitable that some album release dates may get shifted around. Bow Wow insists that isn't the case for him.
"I know yall want this album just as much as i want to deliver it. The thing is tour just ended like 3 n half weeks ago. I left studio to tour which of course set me back. I have to mix all the records which i have just now kinda started. "Sweat" video will be out in a week or 2," Bow Wow writes. "Took a minute to finalize all the graphics and detail because of the CGI effects. Also dont forget im stil working on my tv sitcom with Ice Cube as well. I think people forget i got 2 jobs (Rapper/Ator) hahaha.. Record just went to radio as well. Not only that but im trying to get India Irie to sing on "Boy Or Girl" being that that sample you are hearing on that record is her. I figured it would be so meaningful and better with her apart of it live. Its taking so long because im putting my all into it. This is not just an album its my pain my life my story me in the now how im feeling."
To read the rest of Bow Wow's open letter head over to his blog.