Young Buck Discusses Contractual Battle With 50 Cent

'It's about to get real, real interesting,' he says of G-Unit Records issues.

Young Buck says he didn’t keep an eye on his business with the Internal Revenue Service, thus his outstanding $300,000 debt to Uncle Sam . But when it comes to his contractual obligation to 50 Cent and G-Unit Records, the Cashville, Tennessee, native says he won’t drop the ball: He’s focused on getting off the label.

“It’s on the way,” Buck said about his next official album when we caught up with him recently in Houston. “The music speaks for itself. I’m everywhere when it comes to online — I throw music out. People are already aware of my situation … the whole fight with the contract thing. It’s about to get real, real interesting, people. I will say that much.

“If you ain’t focused on Buck, now is the time to get focused on Buck,” he continued. “With this whole contract situation, we really gonna see what this was really about. Y’all mark my words: I’ll be back to MTV to finish this when it all ends. At the end of the day, I appreciate the people that’s sticking right there through the fight I’m going through as far as my contract situation.”

If and when Buck is successful in dissolving business ties with 50 Cent remains to be seen. In the meantime, the Southern spitter is working the mixtape circuit.

“As far as the mixtapes, Back on My Buck Sh– (Part 2) is on the way,” he revealed. “It’s produced by Drumma Boy, all the way through. I got records everywhere. I got one of the hottest mixtapes that’s in the streets right now, 601 to the 615, CTE and Cashville. I’m just staying out here until I get this monkey off my back with the contract.”

On Tuesday, Buck’s home was raided by the IRS, reportedly because he has about $300,000 in unpaid taxes.

“The worst part of this isn’t the material stuff — that will all be replaced,” Buck said in a statement. “It’s what it does to the people around me. They took my kids’ PlayStation, my assistants’ computers, and baby’s mothers’ jewelry. They took my home studio so I can’t even record.

“I have a new team in place, but I am also paying full attention now,” he added. “Nothing like this will ever happen again. This is a huge wake-up call for all entertainers to stay on top of your own trusted employees and team members, and replace anyone that was put in place by your record label if the situation you have goes sour. This IRS situation came about because I trusted accountants, lawyers and managers to handle my business for me while I focused on making music. From now on, I am going to stay on top of my own business.”

What do you think of Young Buck’s label woes with 50 Cent? Share your thoughts in the comments.