Snipes 'Owed Taxes on $38 Million'
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WENN.com
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Friday, January 11, 2008
HOLLYWOOD - Actor Wesley Snipes failed to pay taxes on his $38 million income, court papers have revealed.
The New Jack City star is due to stand trial on charges he fraudulently claimed tax refunds of almost $12 million in 1996 and 1997. He is also accused of failing to file tax returns from 1999 to 2004.
But documents filed ahead of Monday's trial claim he paid no federal taxes on $38 million in income from 1999 to 2004, even after he was informed he was being investigated by the Internal Revenue Service.
The papers, filed by the prosecution, also claim Snipes sent the U.S. Treasury a "fictitious bill of exchange" totaling $14 million on three occasions.
Snipes, 45, is due to stand trial on Monday in U.S. District Court in Ocala, Florida, where prosecutors say Snipes lived at the time of the suspected fraud.
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