According to TMZ, Rapper Fat Joe — who’s made MILLIONS cranking out hits like “What’s Luv” and “Make It Rain” — just plead guilty to tax evasion … after failing to pay Uncle Sam a FORTUNE in back taxes.

The 42-year-old rapper — real name Joseph Cartagena — was accused of stiffing the federal government out of roughly $700k in income taxes for 2007 and 2008.

Joe — who appeared in federal court in New Jersey this morning to enter the plea — was freed on a $250k bond. He’s scheduled to be sentenced in April and could get up to two years in prison.

Source: TMZ

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