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Lil Kim IRS Tax Bill Bankrupts Net Worth after K. Michelle Instagram Feud? [RUMORS NEWS]

Lil Kim has more problems than just finding a new godmother for her daughter, Royal Reign, following her recent social media feud with K. Michelle. According to the latest gossip news updates, the hip-hop Queen Bee's net worth may be near bankruptcy thanks to the IRS finally coming looking for the reported $126K that she neglected to pay over the last four years. This couldn't come at a worse time for Kim, who in addition to losing the war of words on Instagram was recently ordered to pay more than $186K to her former lawyers. All that spells nothing but trouble for the diva, who is so strapped for cash that she asked her fans to buy her baby gifts online.