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Wesley Snipes IRS Tax Fraud

Posted in Actors, Movies by The Gossip Monger on October 19th, 2006.

According to The Smoking Gun, actor Wesley snipes has been indicted for tax fraud! Failing to file 6 years of tax returns, and demanding $12,000,000 USD in refunds, Snipes and two others were indicted for knowingly attempting to defraud the US Government.

snipes.jpg

TSG spells out how the scam worked in great detail:

According to the indictment, Snipes conspired with Eddie Ray Kahn and former certified public accountant Douglas Rosile in the tax scam. Kahn is the founder of a Florida company (now known as Guiding Light of God Ministries) that, investigators allege, “promoted and sold fraudulent tax schemes” to clients like Snipes. Kahn has claimed that U.S. citizens could only be taxed on income earned from certain foreign-based activities (and not on money made in this country). This claim–known as the “861 argument” for the section of the tax code to which it refers–has been flatly rejected by the Internal Revenue Service.

The moral of the story: if you’re rich, pay your taxes.

This entry was posted on Thursday, October 19th, 2006 at 8:09 pm and is tagged with eddie ray kahn, certified public accountant, wesley snipes, internal revenue service, irs tax, tax fraud, god ministries, douglas rosile, tax scam, florida company, tax schemes, guiding light, moral of the story, smoking gun, indictment, tsg, 6 years, tax returns, us government, investigators. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback.

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