Don't Mess With Taxes

This Bruce the Shark diamond pendant is just one of Tekashi 6ix9ine's pieces of jewelry that's on the tax auction block next month. (Photo courtesy Market Auctions)
  

Music plays a big role in my life, from the tunes of my youth to many of today’s artists.

In fact, I just ordered another CD last night. Yes, I am old when it comes to my playing (and owning) preference, even when it comes to newer music. And it’s easy to download select tunes to add to digital playlists, a modern version of my old cassette mixtapes.

But I’ve got to admit that I knew nothing of Tekashi 6ix9ine, whose real name is Daniel Hernandez, until I saw an Internal Revenue Service auction notice.

The tax agency on March 5 is selling off a collection of 63 pieces of Hernandez’s personal property.

Auction to cover delinquent taxes: The rapper’s music plaques, jewelry, grills, and designer bags that the IRS seized from his Lake Worth, Florida, home last April are being put up for public sale to help recover some of the federal taxes the agency says Hernandez owes.

Uncle Sam already collected more than $250,000 last summer from the auction of two of Hernandez’s luxury cars, a Bentley and a Lamborghini, that also were seized by the IRS from the musician’s Florida residence.

The specifics of the tax case against Hernandez have not been disclosed by either the U.S. government or his representatives. But based on the vehicle sales and upcoming jewelry etc. auction, it appears that Hernandez has significant tax liabilities.

Shark pendant and more: One thing, though, is obvious. Hernandez apparently is a “Finding Nemo” fan, or at least really likes the Disney/Pixar film’s character Bruce the Shark.

Market Auctions of Florida, which the IRS commissioned to handle the sale of the items, says the Bruce the Shark pendant, designed by Jimmy Boi Jewelers, is made out of 10-karat white gold, and is covered in 102 carats of diamonds. Sixteen carats of trillion cut diamonds are used for the shark’s teeth, with black round brilliant cut diamonds behind the teeth.

The backside of the pendant is stamped with Hernandez’s “69” signature, and the words “Done Right” and "#Teamdoneright.” The pendant was featured in Hernandez's music videos for “Gooba,” “Trollz” (featuring Nicki Minaj) and “Yaya,” according to the auction site.

The auctioneer also notes that there are some cracks and damage on the backside of the pendant.

You can find more on the rest of the 62 items at Market Auctions’ full listing.

Note, too, that you don’t have to travel to the Palm Beach County, Florida, company’s home to bid. The Tekashi 6ix9ine sale also is being conducted online.

You do, however, need to register at the Market Auctions page to participate. Earlier this week, more than 3,500 bidders had already signed up to bid. For more on the process, click the “Auction Details” text link at the top of the auction page.

More tax auctions: And if you don’t find any of Hernandez’s personal effects of interest, not to worry. There are enough delinquent taxpayers to keep the IRS and auctioneers busy.

In fact, the Hernandez event is just one of five auctions IRS seized-property coming up next month. The other four involve real estate, both developed properties and lots.

You can find more on those other March sales — next month’s total five auctions are this weekend’s By the Numbers figure — at the IRS special auctions web page. You also can learn more about tax auctions at IRS.gov’s General Questions On Seized Property Sales page.

You also might find these items of interest:

• Al Capone personal property auctioned
• Treasury and IRS tax auctions offer bargains
• Crypto currency showing up in IRS seized asset auctions
• Tax collectors planning to auction income tax protesters' potentially booby-trapped property

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