We wonder what excuse Chamillionaire will come up with to explain why he’s almost $200,000 in the hole to Uncle Sam. The “Ridin’” hitmaker sparked rumors that he’s facing serious cashflow troubles following the recent foreclosure of the $2 million Houston, Texas mansion he purchased in 2006. Cham, however, insisted it was his own decision to “let that house go” because it had turned into a bad real estate investment.

Riiight….

Looks like Chamillionaire’s money woes are far from over – he and his wife Deetra owe the IRS $184,000 in back taxes, The Detroit News reports. A tax lien was filed against the couple in November for unpaid income taxes dating back to 2007.

Denial, it’s not just a river in Egypt. With “Ridin’ Dirty” rising to the top of Billboard no longer, Texas’ own Chamillionaire recently saw his Dallas mansion lost to foreclosure.

But don’t cry for the rap star — it’s a move Cham’s calling “a calculated business decision.”

Oh — is that what the broke folk are calling it these days?

He bought the 7,583 sq. foot home in 2006 for $2 million. The property was recently repoed by the bank after Chamillionaire failed to make several payments. The rapper said that he “decided to let that house go because the real estate market had turned, leaving the house as a bad investment.”

Oh — and he was never home.

“I was always on the road touring. I just didn’t feel like it was a good business investment to pay that much mortgage for a house I was never at. I still got all the cars.”

Call us crazy, but wouldn’t it have been a better business decision to just sell the house instead of effin’ up his credit for the next two decades?

Wendy Williams and Chamillionaire appeared on Monday night’s installment of Larry King Live to discuss Don Imus’ return to radio.

Rap-Up Magazine have landed Ciara and Chamillionaire for the 2nd Anniversary cover of the urban music mag.

Amerie, Three 6 Mafia, John Legend, Lloyd, Fabolous, Young Jeezy, Mario, Bone Thugs-N-Harmony, Twista, and Mya are also featured in May/June issue.