- Days left

Wesley Snipes May Be Headed to Prison

Wesley Snipes tax evasionIt appears that Wesley Snipes has finally run out of options. A federal judge turned down Snipes' latest appeal on Friday and ordered the actor to report to prison to serve a three year sentence for failure to file tax returns.

The star of such films as Blade and White Men Can't Jump was convicted in 2008 for failure to file federal income tax returns for the years 1999 to 2004, but was acquitted of the more serious charges of tax fraud and conspiracy. Snipes claimed at trial, among other things, to be a tax denier. Snipes argued that he believed he was not required to pay income taxes after attending a paid seminar at the home of Eddie Kahn, who had previously served jail time in the 1980s for tax evasion and advised him that it was legal to not pay your taxes. Despite his arguments, a jury found him guilty of tax evasion. Immediately following his trial, Snipes vowed to appeal his sentence.True to his word, Snipes raised several appeals over the course of the past two years. He initially sought to appeal his sentence, claiming that it was "unreasonable" under the circumstances. A federal court denied his appeal.

Snipes launched his most recent appeal this summer, claiming judicial misconduct. Among other allegations, Snipes claimed that he had been denied his Fifth and Sixth Amendment rights at trial.

A federal judge, U.S. District Court Judge William Terrell Hodges, denied this recent appeal and appeared to put an end to Snipes' laundry list of complaints about the trial, noting in his Order: "The Defendant Snipes had a fair trial; he has had a full, fair, and thorough review of his conviction and sentence by the Court of Appeals; and he has had a full, fair, and thorough review of his present claims, during all of which he has remained at liberty. The time has come for the judgment to be enforced."

Despite the harsh words from the judge in his 17-page Order, it appears that Snipes is planning another appeal. His defense attorney has promised to "exhaust all plausible avenues in this matter."

In the meantime, Snipes has been ordered to surrender to the Bureau of Prisons, though, despite rumors to the contrary, Snipes is not currently in prison nor has he been given a definite report date.

Increase your money and finance knowledge from home

Intro to Retirement

Get started early planning for your long term future.

View Course »

Understanding Credit Scores

Credit scores matter -- learn how to improve your score.

View Course »

TurboTax Articles

Video: Who Qualifies for an Affordable Care Act Exemption (Obamacare)?

The Affordable Care Act requires all Americans to have health insurance or pay a tax penalty. But, who qualifies for an Affordable Care Act exemption? Find out more about who qualifies for an exemption from the Affordable Care Act tax penalty, how to claim an exemption on your tax return and how the Affordable Care Act may affect your taxes with this video from TurboTax.

Video: How to Claim the Affordable Care Act Premium Tax Credit (Obamacare)

The Affordable Care Act Premium Tax Credit is a new refundable tax credit that can lower your monthly health insurance premiums. If you qualify for the tax credit, you can claim the Premium Tax Credit throughout the year to lower your monthly health insurance premiums, or claim the credit with your tax return to either lower your overall tax bill or increase your tax refund.

Deducting Summer Camps and Daycare with the Child and Dependent Care Credit

If you paid a daycare center, babysitter, summer camp, or other care provider to care for a qualifying child under age 13 or a disabled dependent of any age, you may qualify for a tax credit of up to up to 35 percent of qualifying expenses of $3,000 for one child or dependent, or up to $6,000 for two or more children or dependents.

What Is Schedule H: Household Employment Taxes

If you hire people to do work around your house on a regular basis, they might be considered household employees. Being an employer comes with some responsibilities for paying and reporting employment taxes, which includes filing a Schedule H with your federal tax return. But even if you have household employees, filing Schedule H is required only if the total wages you pay them is more than certain threshold amounts specified by federal tax law.

Add a Comment

*0 / 3000 Character Maximum