How the IRS uses real estate information to reconstruct taxpayer income
Question: In a recent column, you talked about the IRS putting the actor Wesley Snipes in prison for 2 ½ years and assessing ...
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Court of Appeals Upholds Actor Wesley Snipes’ Tax Conviction and Prison Term
Actor Wesley Snipes is still in big trouble. The U.S. Court of Appeals in Atlanta has refused to overturn his conviction and three year prison term for tax evasion, Courthouse News Service reported.
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5 Famous Tax Cheats
Many individuals have tried to evade taxes, from gangsters like Al Capone to celebrities like Wesley Snipes. Cheating the tax system can result in fines and jail time so it's smart to just pay ...
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Tax evasion vs. tax avoidance: What's the difference and how can you save from paying Uncle Sam too much in 2024?
Such actions have previously landed high-profile individuals such as Wesley Snipes in prison. The Internal Revenue Service has clarified this difference by saying: “Tax evasion is illegal ...