Tax
Nov. 5, 2018
Tax Court won't let Wesley Snipes off the money train
The actor has had a number of run-ins with the IRS over the years. His latest loss was part of his running feud over old IRS bills that are still valid, but that Snipes says he cannot pay. He offered a fraction, about $842,000 to wipe out $23.5 million, but the IRS said no.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Wesley Snipes has had a number of run-ins with the IRS over the years. His latest loss was in U.S. Tax Court, which sided with the IRS. See Snipes v. Commissioner, T.C. Memo. 2018-184. It was part of his running feud over old IRS bills that are still valid, but that Snipes says he cannot pay. He offered a fraction, about $842,000 to wipe out $23.5 million, but the IRS said no.
Next, Snipes argued that the...
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