Bow Wow’s store Taste, in ATL which he owns with his mom was raided by IRS agents according to mediatakeout. They are saying that the whole property was seized. LAW ENFORCEMENT agents - physically seized property of the business - and rolled POLICE TAPE around it. So why is this a problem. Well because BUSINESS DEBTS to the IRS generally transfer to the OWNERS of the business. As MediaTakeOut.com uncovered, bankruptcy generally WILL NOT protect you from IRS claims.
That means that the IRS debt - which was owed by the company - is now likely owed by Bow Wow and his mom.
on the happier side of Bow Wow's life:
Bow Wow recently announced via twitter that he’s signed on to star in the next installment of Tyler Perry’s “Madea” series of films, Madea’s Big Happy Family.
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Sad to hear about it. I wonder how Bow Wow will deal on this.
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