The rapper's financial dilemma first came to light in December when he pleaded guilty to failing to pay taxes on approximately $3 million in income in 2007 and 2008.

Joe said in the interview that he is ready to take full responsibility for the charges at his June 24 court date, saying, "I'ma go like a man, stand up."

The Terror Squad leader also said he has already paid back the money he owed to the government. Because of the upcoming hearing, he was hesitant to divulge sensitive information related to the case, but did assure fans that there are two sides to the story.

"I'll explain the story after [the court date] that so you'll get a real understanding of what happened to me," he said in the interview. "It's no excuses."