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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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UFC 229 Pick 'Em Results
Monday October 08, 2018

Congratulations to J. Stewart Newman for winning our UFC 229  Pick ‘Em Contest.  Next Pick ‘Em action will be for UFC Fight Night: Volkan vs Smith  on Oct 27th. Thanks for playing!   Consensus Picks Khabib/Conor – 50% Tony Ferguson – 78% Ovince Saint Preux – 56% Alexander Volkov – 56% Felice Herrig – 56% Consensus Overall Record in […]

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Jason Witten roasted for these awful catch-phrases on 'Monday Night Football'
Tuesday October 16, 2018

The Jason Witten “Monday Night Football” experiment is off to an awful start. It’s funny, because so many expected him to do well, given that his former teammate, Tony Romo, has been crushing it in the booth. The two learned from one another, and shared plenty of football thoughts both on and off the field. […]

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