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Wesley Snipes Loses 10-Year Old Case With IRS, Ordered to Pay $9.5 Million

Wesley Snipes is still in turmoil with the IRS, as per reports by The Blast. 
The Blade actor lost his $10 million appeal in debt to the IRS. This tax case has been going on for about a decade after he was sentenced to prison for not filing his federal income tax in 2008. In the ’90s and early 2000s, Snipes ran off on the plug after his accountant and anti-tax advocate convinced him he didn’t have to pay taxes.
Snipes originally owed $23.5 million in debt to the IRS but was able to reduce the ridiculous amount to about $9.5 million. He initially offered to pay $850,000 to settle the debt, but the IRS served him. Wesley Snipes tried to appeal, and the courts took the side of the IRS.
“Given the disparity between petitioner’s $842,061 OIC [offer-in-compromise] and the settlement officer’s calculation of $9,581,027 as his RCP [reasonable collection potential], as well as petitioner’s inability to credibly document his assets, the settlement officer and her manager had ample justification to reject the offer,” U.S. Tax Court Judge Kathleen Kerrigan said Thursday.
A lien was put on the actor and producer’s home in August 2013, after he was released from jail. Snipes asserted in court that his financial advisor took out loans and assets without his insight, yet neglected to give enough proof to back up the case. The judge assured the $9.5 million payouts wouldn’t leave Snipes desperate, but according to Celebrity Net Worth, Snipes just has about $10 million to his name. Maybe it’s time for another Blade.
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Alleged ‘Peeping Tom’ expected to be charged in Ottawa County
Monday October 08, 2018

HOLLAND TOWNSHIP, Mich. — A suspect accused of recording a West Michigan woman using a restroom could be charged in court as early as today. The 18-year-old suspect was arrested Friday night after authorities released surveillance pictures of him. Investigators say this happened at the Holland Township Meijer on West Shore Drive on Thursday afternoon. The […]

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Supreme x The North Face Fall 2018 Collection
Monday October 15, 2018

One thing we can always rely on every time fall hits is a dope collaboration by way of Supreme and The North Face. Of course, the Fall 2018 offering is filled with a handful of dope options, this time featuring premium leather as the core addition throughout the design process. After a summer of snakeskin […]

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