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Iggy Azalea Has Responded To Reports About Owing The US Government Money

"They exaggerate everything."

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According to TMZ, the 25-year-old has unpaid taxes from 2014 and owes $391,056.55 (USD) to the Internal Revenue Service.

Frazer Harrison / Getty Images

2014 was the year Azalea released her album The New Classic, which was certified gold in the US and Australia.

The singer appeared to admit the claims are true, revealing she was given the option by the IRS to pay a lump sum or monthly repayments.

Twitter: @FameKillz_

But that doesn't really explain why she allegedly hasn't paid her taxes from over two years ago.