Fat Joe may have bragged about making it rain on wax, but now the rapper is facing two years in prison after pleading guilty to tax evasion today.

Joey Crack entered a plea in federal court in New Jersey, stating that he failed to pay taxes over two years for nearly $3 million in income. He is slated to appear back in court on April 3 for sentencing and is currently free on $250,000 bond.

The Bronx, N.Y., native could get up to two years in prison. "Fat Joe has taken responsibility for his tax failures. He hopes to repay his tax indebtedness," said the rapper's defense attorney, Jeffrey Lichtman.

Rumors of the 'Lean Back' rapper's previous tax evasion woes began swirling around 2010, when he was accused of owing over $139,000 to the government.

Watch Fat Joe's 'Lean Back'