I was just talking about Dame to a colleague, too, asking if they knew what was going on with Dame. At one point, he was running with Curren$y, Stalley and a number of other rappers he brought into in his DD172 art space, but with these cats joining the Warner machine, it feels like he’s been MIA. Besides his name being brought into the news for owing a sh*load of taxes, no one really knows what he’s been doing. As for the bread he owes…. he’s not lying about it.

“I owe way more than $2 million in taxes. That must’ve just been the IRS,” Dash tells Sway on his new radio show ‘Sway In The Morning’, laughing, before admitting that he was in a bad space financially. “Nah, nah, I’m f—ed up.”

continued after the jump…

“They’re auditing me. When you’re a business man, you have a lot of businesses, a lot of times they think you’re laundering money or you’re pretending you’re writing things off that you don’t,” he continued. “I’m a true businessman. As you know, I believe in my independence, I have no partners, so every dollar I make goes right back into every business I have.”

“If I have an accountant that just reports I just invested $10 million in my business and he doesn’t exactly itemize where every cost goes, it gives a flag to the government,” he said. “They want to make sure that the reason I’m not paying taxes is because I’m reinvesting in these businesses and not trying to hide stuff.”

“They gotta look at every single transaction, and the government is slow,” he said. “They really don’t believe that I’m so real about putting all of my money into my business, but that’s what I do.”

What about Biggs? “Feds arrest national weed ring, including Kareem “Biggs” Burke and High Times staff”

Previously: Dame Dash Reflects on Jay-Z’s Classic Album ‘Reasonable Doubt’

Beanie Sigel says Dame Dash owes him $11 Million