Yesterday, gossip blogs were at a frenzy when TMZ made accusations that rapper Bow Wow owed the IRS close to six figures that were unpaid back in 2006. Bow wow, of course, didn’t take to kind to those words and wrote a letter to his fans where he addressed the rumors on his personal website bowwowtoday.com.

“TMZ saying they are about to runa story on me thats once again “Not True” as im sitting in my beautiful condo as of RIGHT NOW that they said i dont have anymore. (Bow Wow with no home thats like a whore that doesn’t like d**k) We all know not to believe anything the media writes or blogs its their job to entertain the minds of the simple minded.”

Says Bow Wow.

He also spoke on what was taking so long for his debut album under Cash Money to drop.

“UNDERRATED” everyone wants to know why its delayed or why is it getting pushed back. I hear yall jokes “His shit aint never droppin” it is dropping. “When I Feel like its right tho” my album sounds nothing like what you’ve heard come out of the camp PERIOD so far. I know yall want this album just as much as i want to deliver it. Not only that but im trying to get India Irie to sing on “Boy Or Girl” being that that sample you are hearing on that record is her. I figured it would be so meaningful and better with her apart of it live. Its taking so long because im putting my all into it. This is not just an album its my pain my life my story me in the now how im feeling. Things are different this time around ima father now to a beautiful baby girl i have so much poetry and new things to share with the world. This is my “Classic” Underrated is a classic. This is my best work. So i be damn i put it out and it aint right. Dont blame my label they have nothing to do with my decision. Birdman lets me be a boss and do what i want. He my manager so of course he wants the best for me. 2012 ull get it.”

Here’s Bow Wow’s latest music video where he opens up about his daughter. Check it out.

Make sure you follow Bow Wow of twitter(@bowwow) to stay in tune on what’s going on with his album.

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