There are reports that rapper Lil Wayne recently settled a $1.2 million tax debt that was filed against him last year in Dade County, Florida Circuit Court. Sources say, Weezy handed over $1.13 million dollars to the government back in December 2010, which was to pay off tax liens for previous years. The rapper is cutting it kind of close with the feds, it’s the second time Wayne has run into tax problems with the IRS. This time he was also hit with a tax lien in 2008, but that matter was also settled after the rapper paid $977,840 in back taxes.

Go to allhiphop.com to read more about this.