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Friday, November 3, 2006

Snipes Settles Tax Fraud Charges, Will Avoid Jail Time

Actor Wesley Snipes has settled his tax dispute with the IRS, following his October indictment on tax fraud charges after seeking $12 million in tax refunds and failing to file returns for six years. From UPI:

Hollywood actor Wesley Snipes will avoid any time in jail on tax fraud charges as part of a recent settlement with the Internal Revenue Service. The 44-year-old star of the "Blade" film trilogy had been wanted in connection with his attempt to claim $12 million in tax refunds in 1996 and 1997, but worked out a deal that helped him avoid jail while setting up a payment plan, Daily Variety said.

Prior TaxProf Blog coverage:

http://taxprof.typepad.com/taxprof_blog/2006/11/snipes_settles_.html

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Tracked on Nov 3, 2006 8:59:50 AM

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