Wesley Snipes Ordered To Cough Up $9.5 Million To The IRS

Good LAWD! That’s a lot of money! Wesley Snipes now knows his fate after his court battle with the IRS. The actor has been ordered by to pay $9.5 million after his attempts to settle his back taxes for $850,000 in cash were unsuccessful.

The IRS attempted to collect $23.5 million from Snipes in outstanding taxes from 2001 to 2006 back in August 2013 shortly after he completed a three-year sentence in federal prison for tax-related offenses. Snipes asked for an offer-in-compromise which would let him settle his debt for less than the amount owed and for the notice of federal tax lien that was filed against his home to be withdrawn. After offering just $850,000 in cash as an offer-in-compromise, the IRS rejected the offer and sustained its lien. As a result, Snipes filed a petition asking the tax court to overturn the decision.

According to The Hollywood Reporter, he attempted to prove that he didn’t possess the assets to fulfill a six-figure settlement. U.S. Tax Court Judge Kathleen Kerrigan ruled that Snipes, and his attorneys, did not provide sufficient evidence of his assets and current financial situation. As a result, she rejected his settlement offer and upheld the IRS’ decision for Snipes to pay an adjusted amount of $9.5 million.

@Robinrazzi


Follow Me:

I am a digital content creator and have worked in the digital space for more than ten years. "Robinrazzi" is a nickname given from a former colleague because I'm known for having a camera in hand at all times. I have traveled the world covering entertainment events, celebrities and anything trending. I earned my BA in Communications from Penn State and a MS in Marketing from Johns Hopkins University. I currently serve as Director of Digital Content for WHUR and the Howard University Radio Network.

Stay Connected:

Comments Welcome