(AllHipHop News) Beanie Sigel appeared in a Philadelphia court today (April 12), where his sentencing date for failing to pay taxes was postponed.
Beanie will be sentenced on July 12, so that he will have time to prepare financial documents, in an attempt to clear up a discrepancy in regards to how much owes to the IRS.
Beanie Sigel, born Dwight Grant, is accused of failing to report income to the federal government, from 2003-2005.
Sigel claims he owes over $350,000 to the IRS, on over $1 million worth of income he earned during the years in question.
But the government disputes that amount and says the rapper owes upwards of $750,000 in taxes.
At today’s hearing, the judge gave Beanie Sigel until April 26 to turn in financial documentation for the years in question.
The judge also ordered Beanie Sigel and his legal team to meet with IRS agents on Friday, June 15, to come to a final agreement on the amount the rapper will owe.
The judge also said that the prison sentence is a separate issue from the auditing of Beanie Sigel’s financial records.
The rapper, who was poised and upbeat at today’s hearing, faces up to a total of 36 months behind bars.
Based on federal guidelines, Beanie Sigel may spend time in prison, although probation or other punitive sentencing is also a possibility.
The news comes just days before Beanie Sigel drops a brand new mixtape titled Broad Street Empire Vol. 1: Lost Files.
Beanie is due back in court on Thursday, July 12 at 10:00am.
Editor’s Note: A previous version of this news story implied that Beanie Sigel will definitely serve time in prison. Sentencing has not been determined at this time, and as a result the previous statement was inaccurate. The AllHipHop.com editorial staff regrets any confusion or inconvenience that this may have caused.