Shortly after his conviction on tax evasion charges, Wesley Snipes declared that he would appeal on the grounds that the sentence was unreasonable. Snipes got his answer today. A federal court disagreed with his assessment, virtually guaranteeing that the actor will do time. Two years ago, Snipes was found guilty of failing to file tax…
So, I don’t say that on the blog very often (though my brothers would likely tell a different story from our years at home). But I’m sooo saying it now. When the IRS won its prominent battle with UBS, I said (as did many tax and finance bloggers) that a win would only lead to…
Rapper Method Man of the Wu-Tang Clan has pleaded guilty to tax evasion charges. The plea follows Method Man’s October arrest on felony charges of evading New York personal income tax. Method Man, whose real name is Clifford Smith, was accused of failing to pay income and personal taxes to the state of New York…
Former Detroit Mayor Kwame Kilpatrick was formally indicted yesterday on 19 counts of fraud and tax evasion. A federal grand jury returned the indictment, which alleged that Kilpatrick used a tax-exempt charity, the Kilpatrick Civic Fund, as his own personal piggy bank. He is said to have spent more than $640,000 of the charity’s money…
A special panel of the Swiss Parliament has concluded its 15 month investigation into the government’s handling of what has been referred to as a “tax crisis”: the UBS collapse amid allegations of tax evasion. The panel has heavily criticized the government for its response to the crisis, saving its harshest rebukes for Finance Minister…
Update: We have a winner! It’s Marc! For the answer, see the comments! It’s our last tax trivia question for the giveaway! Thanks to CCH Complete Tax for the free software! For the chance to win the last prize, answer the following question: Everybody knows that the feds finally got Al Capone for tax evasion….
A federal judge has declined Bradley Birkenfeld’s request for leniency. Birkenfeld must report to prison on Friday, January 8, as scheduled, to serve his 40-month prison term. Birkenfeld pleaded guilty last year to helping many of his clients, including billionaire Igor Olenicoff, evade taxes. Olenicoff pleaded guilty in 2007 to filing a false tax return;…
Taxpayer asks: How does someone turn someone else in to the IRS for tax evasion? Taxgirl says: There must be something in the water. I’ve received a couple of these types of inquiries lately, so I’m planning to answer a few of them over the next few days. You’re up first. Reporting tax fraud is…
About 500 families may have a little bit less to be thankful for this morning: Swiss tax authorities have announced that they have notified the first UBS 500 clients whose names will be turned over to US government officials. The 500 clients are the first of 4,450 names to be released under an agreement reached…
And here I thought my days of reporting on Joe Francis were over… It turns out that the Girls Gone Wild founder hasn’t quite put his tax woes behind him. After taking a deal to plead guilty to two misdemeanor counts of filing false tax returns – and escaping additional jail time in the process…