Wesley Snipes isn’t done with the IRS yet, or I guess it would be more accurate to say that the IRS isn’t done with Wesley Snipes yet. Snipes asked the IRS to compromise on his tax debt of $23.5 million. I wonder how much of that is penalties and interest. Snipes offered to pay about $840,000. The IRS refused the offer, saying it could reasonably expect to collect about $9.5 million. Snipes took the dispute to the Tax Court, which sided with the IRS.
According to an item in Forbes about Snipes and the Tax Court case, Snipes has been working as an actor since his release from prison. I guess he’s just going to have to keep working until he can make a better offer to the IRS.
I read the Tax Court’s decision. If you want to read it, it’s linked in the item I linked to above. I find it interesting that the Tax Court’s decision makes no mention of the fact that Snipes did prison time for not filing tax returns – the same tax returns that would have reported the income that resulted in the tax he hasn’t paid. I suppose that fact wasn’t mentioned because it wasn’t relevant to the question that the court was asked to decide.
The contents of this blog, this web site, and any writings by me that are linked here, are all my personal commentary. None of it is intended to be legal advice for your situation.