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In November, it was reported that Bow Wow owed over $90,000 in unpaid taxes from 2006.

Now, TMZ reports, it appears as though Bow Wow is in more trouble with the IRS than originally thought.

A new tax lien was filed on January 9 in Georgia, saying Bow Wow owes $15,279.62 for unpaid taxes from 2008 and another $19,700.91 from 2010.

In sum, Bow Wow owes $126,086.14.

The Young Money rapper joins Nas, Lil Wayne, Swizz Beatz, and many other emcees and producers that have recently come into tax trouble.

According to TMZ, the Cleveland, Ohio native was hauled off to Pinellas County Jail for the charge around 4:12 AM. He was released several hours later after posting $100 bail.

The Bad Boy rapper, who is currently on a U.S. tour, tweeted about the incident, stating that "shit escalated way too quick last night."

Read his Twitter rant and check out his mugshot below.

The Young Money emcee's father, rapper Peter Gunz, confirmed the report to MTV News.

"The details are still sketchy, but I can confirm that he was arrested with a firearm yesterday in the Bronx," explained Peter. "They caught him around 2 p.m. in the afternoon with a loaded gun in his knapsack.

"It was definitely an illegal search," he added.

"What I will say is that the officer that arrested Cory actually happened to be a cool dude," explained Peter. "After arresting Cory, sitting down with him and talking, he felt bad about the situation."

Though this is Cory Gunz' first charge, his father is worried about New York's stringent gun laws, the same that put the likes of Lil Wayne, Ja Rule, Mobb Deep's Prodigy, and NFL wide receiver Plaxico Burress in prison.

"To go to a precinct and see your son, your junior, in handcuffs, it's heartbreaking. Anytime you see your child in jail, in the cell, in handcuffs, it's very hard. He's walked down some of the same paths that I walked down, but you never want to see your kids go through what you went through."

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According to Broadcasting Cable, Diddy is launching a new television network called Revolt on December 12, 2012. Sources indicate that Revolt will focus primarily on music and music videos, a la MTV.

Although there are few details about the kind of distributiong the network will receive, Revolt will reportedly be distributed by Comcast and Time Warner Cable service providers.

Mack 10 made two deals; the first was to pay back a $35,000 loan from Tadayuki on April 24, 2010 with $70,000 by August 31, 2010 - 100% interest over the course of three months. The second was to pay back $130,000 on September 30 on a $65,000 loan obtained from Ito on April 28, 2010.

According to TMZ, California law prevents excessive interest on loans. However, the judge entered a default judgment in favor of Ito in the amount of $229,668.86 because Mack 10 failed to show up for court.

The figure includes interest and attorney's fees.

Mack 10 has been the subject of several lawsuits as of late, getting taken to court over unpaid studio time and for allegedly failing to pay producers for beats.

“As black people it was our thing to show that we’re not living in poverty and that we can afford extravagant things—that kind of stuck with us. So when our great-grandparents were putting on their favorite outfits, it was to put on a front for the hard time. And hip-hop is a bunch of people that never had nothing. Fashion is just an expression. It’s an art. It expresses your taste. Good taste is important in hip-hop. I wake up saying I’m going to look the best I can and do what the fuck I want to do. And that’s what it’s all about.”

Jeremy Scott, who has designed clothing for Madonna, Lil Wayne, Lady Gaga and more, noted how Hip Hop has in turn influenced fashion.

“That’s why I’ve always been inspired by hip-hop artists, because they transform things—even just the jean, turning it around, inside out, sagging it—all these different things. Yes, of course we get little things from other music movements, but hip-hip has been like, Pow! It’s really inspiring and it’s the only new music that has come along in eons. Rock and roll has been around—it’s changing forms. But hip-hip is major.”

Read the full cover story at Complex.com.

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