Category Archives: Tax Evasion

Snipes Trial: Week One Recap

If you believe Robert Barnes, one of the attorneys for Wesley Snipes, the first week of Snipes’ trial went well. Mr. Barnes told the Ocala Star-Banner, “I think what they [jurors] saw was that Mr. Snipes openly, honestly engaged the … Continue reading

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The Snipes Case Is Starting to Look Like the Hatch Case

Remember Richard Hatch, the Survivor winner who decided not to report his $1 million in winnings? Mr. Hatch, who is now residing at ClubFed, went to his accountant and was told he had to pay taxes on his winnings. He … Continue reading

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The Trial Begins

Opening arguments were heard in Ocala, Florida in the trial of Wesley Snipes. Prosecutors called Snipes a tax evader, and that he didn’t pay $35 million in taxes from 1999-2004 according to this Fox News story. Prosecutor Robert O’Neill told … Continue reading

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Snipes: Day 1

Day 1 of the Wesley Snipes trial has come and gone in Ocala, Florida. Jury selection began but did not conclude today. The day began for Mr. Snipes in a prayer service. At an Ocala church Mr. Snipes was joined … Continue reading

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It Begins

Wesley Snipes goes on trial today, facing charges of tax evasion, failing to file tax returns, and filing a false claim for an income tax refund. The TaxProf Blog has a post with links to the various media coverage of … Continue reading

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Appeals Court to Snipes: It’s Ocala

Yesterday the 11th Circuit Court of Appeals dealt the final blow to Wesley Snipes’ wish of a trial in the Big Apple (or anywhere but Ocala, Florida). They dismissed Snipes’ motion to move the trial from Ocala and denied his … Continue reading

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What To Do In Ocala

Poor Wesley Snipes. He’ll have to spend several weeks in beautiful bucolic Ocala, Florida. Judge William Terrell Hodges denied Snipes’ motions for a stay in the trial pending the ruling of the 11th Circuit Court of Appeals on Snipes’ appeals … Continue reading

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Snipes Appeals Judge’s Rulings

Wesley Snipes attorneys appealed Judge William Hodge’s rulings that the trial will take place in Ocala, Florida and that it would start on January 14th. The appeal was filed at the 11th Circuit Court of Appeals in Atlanta, according to … Continue reading

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Illegal Income Is Taxable

I’ve been asked about illegal income several times. Yes, you must report your illegal income on your tax return. If you don’t, you’re guilty of tax evasion. Todd Olynciw seemed to be a model employee of the Hartford, the big … Continue reading

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A New Meaning for Variable Income

If you ask a financial institution for a loan for your business, the bank will likely want to see your tax returns and/or financial statements. One sure way to get in trouble is to tell the bank all about your … Continue reading

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