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.

The 10 Most Overlooked Tax Deductions

Don't overpay taxes by overlooking these tax deductions. See the 10 most common deductions taxpayers miss on their tax returns so you can keep more money in your pocket.

Read More

Brought to you by TurboTax.com

How to Find a Good CPA for Your Taxes

Finding a good CPA for your taxes is simple with these seven tips: 1. Ask about their specialization; 2. Verify their identification number, 3. Look up their license, 4. Consider their experience, 5. Confirm their willingness to sign, 6. Ask for advice, and 7. Determine their fees.

Read More

Brought to you by TurboTax.com

Reporting Self-Employment Business Income and Deductions

Self-employed taxpayers report their business income and expenses on Schedule C. TurboTax can help make the job easier.

Read More

Brought to you by TurboTax.com

2018 Tax Reform Impact: What You Should Know

Congress has passed the largest piece of tax reform legislation in more than three decades. The bill went into place on January 1, 2018, which means that it will affect the taxes of most taxpayers for the 2018 tax year.

Read More

Brought to you by TurboTax.com
Read Full Story
Your resource on tax filing
Tax season is here! Check out the Tax Center on AOL Finance for all the tips and tools you need to maximize your return.