Nas says his new album will reveal “his side of the story” on his money troubles.

In February, it was reported that the American rapper owes more than $6 million in back taxes. It has been claimed that the US Internal Revenue Service will continue to take money from Nas’ earnings until the debt has been settled.

Nas has addressed his financial woes on his new record Life is Good.

"My side of the story is on the record and I speak about it on the record," he told RapFix Live on Wednesday.

Life is Good is Nas’ tenth studio album. He says the new material is constantly evolving and he has revealed his reasons for choosing his latest album’s title.

"The record is starting to take on a whole different new thing and it's just bigger than Life Is Good now," he added. "Yeah, life is good, but there's so much information I think that's important that I get out there that I think the title is becoming bigger."

Nas has already released two singles from the new record – Nasty and The Don.

It is not yet known when the album will be available to buy, but last month the star confirmed he had finished recording all the material.

This is Nas’ first record since his untitled 2008 effort.

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