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Autos

“Pimp My Ride” cancelled, Xzibit broke

You know him as Xzibit. The Feds know him as Alvin Joiner; a guy who owes them nearly $1 million in delinquent Federal taxes. Joiner blames the cancellation of Pimp My Ride for his financial woes. From The Detroit News: 

"Xzibit no longer enjoying a pimped lifestyle

Former "Pimp My Ride" host Xzibit, a double-threat Detroit-born rapper/actor, owes more than $959,523 in delinquent federal taxes, according to public records.

A lien filed last month is the fourth tax problem in recent years for Xzibit, real 
name Alvin Joiner, who had a cameo as a lunch-line linguist in Eminem's "8 Mile."

Xzibit traced the roots of his financial problems to the cancellation of his MTV show and the imminent foreclosure of his Woodland Hills, Calif., home in July 2009, according to U.S. Bankruptcy Court records.

He's filed bankruptcy twice since 2009, but both filings were dismissed for various reasons. On July 29, 2009, he listed assets totaling $739,433 -- mostly homes in California and New Mexico -- and more than $1.4 million in liabilities, according to court records.

For a man who reached mainstream fame through an MTV show about pimping vehicles, Xzibit didn't own one. He was leasing a 2006 Range Rover for $2,230 a month, according to bankruptcy court records.

The bankruptcy filing provides rare insight into the volatile fortunes of an entertainer. In 2007, he earned $497,175 starring in "Pimp My Ride." But after the show was canceled, his income plummeted to $67,510 in 2008, according to court records.

In the 2009 bankruptcy filing, he acknowledged owing the IRS and said he had a verbal agreement to pay $250/month.

What's owed:

-The IRS filed a $22,196 lien against him Nov. 2 with the Los Angeles County Recorder.

-The IRS filed a $435,487 lien July 21, 2009, with the Bernalillo County Clerk in New Mexico, where he owns a home.

-The IRS filed a $205,485 lien Feb. 4, 2009, in Los Angeles County. He owes income taxes from 2007, according to the lien.

-The IRS filed a $296,355 lien April 17, 2008, in Los Angeles County for unpaid income taxes from 2006, records show.

The address on the most recent lien is a public accountant's office in West Hills, Calif. But here's his former 7,650-square-foot house (http://tinyurl.com/28o6s29) in Woodland Hills, which was sold last week for $610,000:

His side:

Xzibit could not be reached for comment. His lawyer Arnold Ogren also could not be reached this morning."

Source: The Detroit News (http://tinyurl.com/crv9xr) 



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