We hear that DMX owes the IRS over $1.5 million in back taxes. Allegedly, DMX owes $663,500 in federal income tax . . . and New York has filed liens against him for $8,300, $44,400, and $370,500. WOW…maybe he should have backed out of his upcoming boxing match.

DMX pulled out of the boxing match scheduled against New Mexico based fighter Eric Martinez on December 12 in Alabama, during an event sponsored by Thunder Promotions. According to AHH, One source said DMX pulled out of the fight because his safety could not be guaranteed, while another claimed that the rapper backed out because Thunder Promotions refused his request to “fix” the fight. Thunder Promotions pay seek to sue DMX for pulling out the already advertised event.

In the meantime a variety of popular rappers have been contacted to stand up to Eric Martinez during the fight. A replacement for DMX will be announced as early as next week.