When it rains it pours.

Earlier today (March 22), while inside a Newark, New Jersey courtroom, rapper Ja Rule admitted that he failed to pay taxes on more than $3 million in income.

The platinum-selling rapper, whose “slave name” is Jeffrey Atkins, earned the money between 2004 and 2006 while he lived in Saddle River, an upscale community in northern New Jersey.

If the plea conditions are met, the government will dismiss two counts against him for unpaid taxes on about $1 million he earned in 2007 and 2008.

Atkins is scheduled to be sentenced June 13 on the three tax evasion charges. He faces up to one year in prison and $100,000 in fines on each count.

However, five days prior to the sentencing,, Ja is scheduled to report to prison in New York to serve a two-year sentence after pleading guilty in December to attempted criminal possession of a weapon.

Atkins’ attorney, Stacy Richman, is expected to file to have the tax evasion sentence served concurrently with the weapons sentence.

Thoughts?