Author Archives: Russ

Final Thoughts on the Snipes Trial

Posted on February 3, 2008 by Russ

Why was Wesley Snipes found not guilty of tax fraud charges? Was it a repeat of the OJ Simpson case? Is this a huge victory for tax protesters? It’s interesting that both prosecutors and defense attorneys praised the jury in … Continue reading →

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Snipes: Guilty on Three Counts of Tax Evasion

Posted on February 1, 2008 by Russ

Wesley Snipes was acquitted of conspiracy to defraud the IRS but found guilty on three of six counts of not filing a tax return (tax evasion) according to news reports. Snipes faces up to one year at ClubFed on each … Continue reading →

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Verdict Reached in Snipes Case

Posted on February 1, 2008 by Russ

The jury has reached a verdict in the Wesley Snipes case; it will be read shortly in the courtroom in Ocala, Florida. I’ll bring you news of the verdict when I get it.

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Survivor: Prison to Continue

Posted on February 1, 2008 by Russ

Richard Hatch, the Survivor winner who thought that 300 million witnesses were wrong to him winning $1 million, had his appeal denied today by the First Circuit Court of Appeals. Mr. Hatch will likely have to complete his sentence of … Continue reading →

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No Verdict Yet

Posted on January 31, 2008 by Russ

The second full day of jury deliberations in the trial of Wesley Snipes on tax evasion and conspiracy charges has come and gone. Jurors will return to work Friday morning at 9:00 a.m. in Ocala, Florida. Today the jury presumably … Continue reading →

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If It Sounds Too Good To Be True…

Posted on January 30, 2008 by Russ

…it usually is. Suppose someone came up to you and told you that you could put your assets in a U.S. trust, then funnel the money into a foreign (offshore) trust, and then have the money return to the U.S. … Continue reading →

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In the Hands of the Jury

Posted on January 30, 2008 by Russ

The fate of Wesley Snipes is now in the hands of a jury in Ocala, Florida. Closing arguments were heard yesterday and it was more of the same. The prosecution noted the facts that Mr. Snipes didn’t pay his taxes … Continue reading →

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A Bad Idea Goes Down to Defeat

Posted on January 28, 2008 by Russ

Governor Schwarzenegger’s health care plan has been defeated in a State Senate Committee. The Governator’s plan would have forced most individuals into purchasing health insurance. It would also have introduced three new taxes. The measure was rejected because even Democrats … Continue reading →

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The Defense Rests

Posted on January 28, 2008 by Russ

I was wrong about the trial running another two to three days. The defense rested this morning in Wesley Snipes’ tax evasion trial in Ocala, Florida. Daniel Meachum, one of Mr. Snipes’ attorneys, made this statement: “We chose not to … Continue reading →

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Is the IRS Reading Taxable Talk?

Posted on January 28, 2008 by Russ

It’s not a dumb question. The TaxProf Blog quotes a piece in Tax Analysts that states that the IRS is aware of tax blogs. “The tax press has played an increasingly important role in the IRS’s communications strategy as the … Continue reading →

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