- Days left

Wesley Snipes Reports to Prison Next Week

Wesley Snipes ordered to report to prison for tax evasionAfter years of appeals, a federal court judge has an answer for Wesley Snipes: Go to Jail. U.S. District Court William Terrell Hodges denied Snipes' most recent appeal last month, writing 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."

This month, the Federal Bureau of Prisons officially set a report date for Snipes, ordering him to report to the Federal Correctional Institution McKean in Lewis Run, Pa., by noon on December 9. Snipes will then begin serving a three year sentence for tax evasion.

According to the Federal Bureau of Prisons website, McKean is a medium security facility housing male inmates and is located in northwest Pennsylvania between Bradford and Kane, Pa., approximately 90 miles south of Buffalo, N.Y.Upon his arrival, Snipes should be given a routine case management, medical and mental health screening. He'll then be provided with a copy of McKean's rules and regulations. Within 30 days of arrival, Snipes will be assigned to the admission and orientation (A&O) program, where he'll receive more information about McKean's policies and procedures. After completing orientation, he'll be given some kind of "appropriate work assignment." Institution landscape or food service jobs are usually the first assignment an inmate receives. Additional factory jobs may become available, but there's currently a waiting list for those assignments.

While in prison, Snipes won't be allowed to wear his own clothes, with a few exceptions. He'll be issued prison clothes stamped with a registration number to keep in a private locker. The McKean prison uniform consists of khaki pants, khaki shirt, belt, safety-toed work shoes and an ID card. Inmates are required to be in full uniform when they are at work, on a call-out, at a scheduled program, or in the visiting room. So-called "leisure clothing" can only be worn during travel between the housing units and recreation with no stops at other departments.

Snipes will have limited free time outside of working and sleeping. There are a number of recreational activities available to inmates, including the use of a gym and music room. Snipes will also be able to visit the law library during certain hours. Snipes may wish to use his time to research his next appeal; his attorney has vowed to "exhaust all plausible avenues in this matter."

Increase your money and finance knowledge from home

Getting out of debt

Everyone hates debt. Get out of it.

View Course »

Intro to different retirement accounts

What does it mean to have a 401(k)? IRA?

View Course »

TurboTax Articles

Employer Sponsored Health Coverage Explained

The Affordable Care Act, also known as Obamacare, is simpler than some people may give it credit for. The basic rule to remember is that everyone must carry Minimum Essential Coverage (MEC) or pay a penalty. Employers with 50 full-time employees or more are obligated to sponsor plans for their workers to help them meet this requirement.

How to Report RSUs or Stock Grants on Your Tax Return

Restricted stock units (RSUs) and stock grants are often used by companies to reward their employees with an investment in the company rather than with cash. As the name implies, RSUs have rules as to when they can be sold. Stock grants often carry restrictions as well. How your stock grant is delivered to you, and whether or not it is vested, are the key factors when determining tax treatment.

What is a Schedule Q Form?

The Internal Revenue Service (IRS) has two very different forms that go by the name Schedule Q. One of them is for people who participate in certain real estate investments; this is known as a Form 1066 Schedule Q. The other Schedule Q deals with employer benefit plans. It?s not something an individual taxpayer would normally have to deal with, though a small business owner might need it.

Incentive Stock Options

Some employers use Incentive Stock Options (ISOs) as a way to attract and retain employees. While ISOs can offer a valuable opportunity to participate in your company's growth and profits, there are tax implications you should be aware of. We'll help you understand ISOs and fill you in on important timetables that affect your tax liability, so you can optimize the value of your ISOs.

Add a Comment

*0 / 3000 Character Maximum