Toni Braxton Owes The Government Over $750k -- Is The Soul Singer Headed For Bankruptcy Yet Again?
Toni Braxton has been on a roll with great news lately. From going on tour to booking movie roles and finally getting engaged to Birdman. However, the legendary singer is finding herself in some hot water over unpaid taxes.
According to The Blast, Toni Braxton owes a whopping $780,808.29 to the state of California and the federal government.
This isn't Toni's first bout with money trouble. The actress filed for bankruptcy in both 1998 and 2010. The first time was due to the mismanagement of money from the label and her record deal. The second bankruptcy Toni jokingly blamed on her lifestyle which includes an obsession with home decor.
The 2010 incident is what helped her make the decision to do "Braxton Family Values."
In an interview with 20/20. she explained: "What happens is they will give you an advance million on the next record and the next record so you kind of stay in debt in a sense. I love dishes and house things so I kind of lost it a little bit on the houseware. One-thousand thread-count sheets, that's what I indulged in."
She hasn't commented on the recent reports of her money troubles but is concerned with her engagement to Birdman and the new season of "Braxton Family Values" that's set to premiere in two weeks.
Birdman is currently in hefty financial trouble himself. Between getting sued by his own artist, Lil Wayne, and facing a $12 million foreclosure suit -- Baby's life may not be as glamorous as it seems in the media.
In 2014, the rapper was forced to pay the government nearly $2 million in back taxes.
In previews for the new season of the show, Toni is in the process of planning her wedding. If the reports are true, it makes it more likely that her nuptials will be televised in a standalone special or special episode of "BFV."
Do you think Braxton will file for a third bankruptcy?