US Tax Court Rejects Actor’s Bid To Reduce Tax Debt By Millions
Actor Wesley Snipes has learned that the United States Tax Court has rejected his bid to reduce his tax debt by millions.
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Ten Ways Not To Say Goodbye: Avoiding Jailtime For Tax Charges
When asked by a (repeat) client how to stay out of jail, criminal defense attorney Charlie Thomas offered this sage advice: Stop stealing shit. The same logic applies to taxes. If you want to avoid jail time, for the most part, the best advice is to file and pay on time. But I know that…
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Wesley Snipes Walks Out Of Prison Just Before Tax Day
Wesley Snipes is a free man… mostly. TMZ is reporting that the 50-year-old film actor has been released from prison. According to the popular site, Snipes was released on April 2 and transferred to the New York Community Corrections Office. He will be on house arrest thereafter until July 19. If my math is correct,…
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Lil Kim Has Big Tax Troubles
I don’t make a habit of posting about celebrity tax woes. Quite frankly, I don’t get why most taxpayers care if an occasional pop star or movie mogul owes a few thousand dollars to the IRS (other than a little schadenfreude) since most of the time, I tend to believe that it’s the result of…
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And Scene: Snipes Denied By The Supreme Court
When Wesley Snipes was found guilty on tax evasion charges, he vowed to appeal. And appeal he did. Over and over. That, however, may finally be coming to an end. This morning, Snipes’ petition for certiorari was denied by the Supreme Court. You might have heard this referred to as “denied cert” or “cert denied”…
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Snipes Heads To Prison
Actor Wesley Snipes will be spending the holidays in bucolic Pennsylvania. He just won’t be enjoying his surroundings. Snipes was ordered to report to the Federal Correctional Institution McKean in Lewis Run, Pennsylvania, by noon on December 9. The orders follow Snipes’ unsuccessful appeal (well, appeals) of his sentence for tax evasion. McKean is a…
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Ask The Taxgirl: IRS & Disclosure Of Taxpayer Information
Taxpayer asks: Dear Taxgirl: I am curious. Isn’t it against the law for the IRS to discuss taxpayer’s confidential information? If so, how did the House ethics committee learn about Rep. Charles Rangel’s failure to pay tax on his Dominican rental? taxgirl says: The IRS does not, as a rule, discuss confidential taxpayer information. If…
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Snipes Saga Finally Over?
ABC News is reporting that Wesley Snipes must now report to jail after his request for a new trial was denied by a federal judge. U.S. District Court Judge William Terrell Hodges wrote about the denial: The Defendant Snipes had a fair trial; he has had a full, fair, and thorough review of his conviction…
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Snipes Loses Appeal
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…
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Fix The Tax Code Friday: Jail Time For Tax Evaders?
It’s Fix the Tax Code Friday! Since I posted about Marion Barry’s tax woes earlier today, I thought it would be great fodder for Fix the Tax Code Friday. Tax evasion cases have often made news – from Wesley Snipes to Joe Francis to Helio Castroneves – especially when jail time is involved. Counsel in…