(Photo: AP Photo/Jason DeCrow,file)

Fat Joe has made it rain throughout his renowned career, but the Bronx MC forgot to pay Uncle Sam along the way. Now Joey Crack is looking at a two-year prison bid for failing to pay the IRS $700,000 in back taxes.

According to TMZ, the 42-year-old hip hop star entered a guilty plea to tax evasion charges in a New Jersey federal court today for his failure to pay income taxes in 2007 and 2008.

The "Make It Rain" rapper was freed on $250,000 bond after the hearing and is scheduled to return to court in April for sentencing.

Joe joins Lauryn Hill and Beanie Sigel as prominent hip hop figures who were convicted of tax evasion this year.

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