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Music Producer Timbaland Drops $800,000 To Settle Tax Debt He Racked Up A Year Before Launching Verzuz

Jul. 11 2021, Published 12:10 p.m. ET

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Timbaland coughed up nearly a million dollars to settle a massive tax debt.

According to court documents obtained by Radar, the Internal Revenue Service filed a release of a lien they filed in April.

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The government had accused the music mogul of owing a total of $864,588.41.

The debt stemmed from an unpaid 2019 bill. Uncle Sam was even threatening to start seizing the producer’s property and assets if the money wasn’t turned over quickly.

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timbaland gallery pic
Source: MEGA

In 2019, Timbaland had a relatively quiet year. He started teaching classes on music production through Masterclass.

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He also produced a song for rapper Joyner Lucas. He hasn’t been business in the studio for several years. Timbaland made a comeback in 2020 after launching Verzuz with Swizz Beatz during the pandemic.

Verzuz started as an Instagram Live show where two well-known artists compete against each other by playing their greatest hits.

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It became a hit almost immediately with millions of people tuning in to each event. The success lead to Triller purchasing a portion of the company from Timbaland and Swizz Beatz for an undisclosed amount of money. It is believed the deal is worth tens of millions.

timbaland gallery pic
Source: MEGA
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The legendary producer has a long history of tax issues. Back in 2017, the producer (real name: Timothy Mosley) paid $3.8 million to handle debts with the IRS. Timbaland’s debt broke down to $117,230.19 ( 2012), $1,750,048.34 (2014), and $1,951,472.76 (2015).

Timbaland has been honest about his money issues in the past. He said told Rolling Stone his divorce and prescription pill problem were a recipe for disaster.

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“Music is a gift and curse. Once you’re not popping, it plays with your mind. The pills helped block out the noise – I’d just sleep all day. I remember Jay-Z told me one time, ‘Don’t do no more interviews’ – because I was saying crazy shit," he said.

Timbaland isn't the only musician dealing with tax issues. As Radar first reported, rapper Lil Pump was hit with a lien over an alleged $90,000 debt with the government.

timbaland gallery pic
Source: MEGA
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