- 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

How to Buy a Car

How to get the best deal and buy a car with confidence.

View Course »

How to Avoid Financial Scams

Avoid getting duped by financial scams.

View Course »

TurboTax Articles

A Brief History of Income Taxes

Did you know President Abraham Lincoln, one of America's most beloved leaders, also instituted one of its least liked obligations - the income tax? In this brief history of taxes, see the historical events which shaped income taxes in the United States today.

How to Itemize Taxes When Claiming Dependents

Claiming dependents and itemizing deductions is an effective way to save money on your income taxes. Each dependent you claim allows you to reduce your taxable income by one exemption. Get a step-by-step overview on how to take advantage of itemizing your taxes when claiming dependents in this article on tax tips.

What Extra Tax Deductions Should I Make Sure To Take?

The federal government offers tax deductions and credits to reduce taxable income under certain circumstances. There are several that are often overlooked, including deductions for job hunting, caregiver expenses for dependents and children while you work, a credit to reduce taxes for moderate- to low-income earners and the premium tax credit associated with the Affordable Care Act. TurboTax can help determine if you qualify for these credits and deductions.

Know The Key Dates For Health Care Reform

"Open enrollment periods for the health insurance marketplace under the Affordable Care Act are limited" says Mac Schneider, a retired certified public accountant from Albion, Michigan. ?Avoiding tax penalties requires awareness of important dates that may vary year-to-year.? As well as key dates, there are time cycles and coverage gap allowances important to health insurance coverage under provisions of health care reform.

Add a Comment

*0 / 3000 Character Maximum