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A mysterious meeting of taxes, vampires, celebrity dancers and ‘Wild’ women

November 20, 2009

Is it just coincidence that this morning a federal judge, who
reportedly is a movie buff, heard the tax conviction appeal of an
actor who played a vampire hunter on the very day that the second installment of the pop culture
phenomenon Twilight film series hit theaters?

Wesley_snipes_blade_trinity And could that convergence mean that things are lining up on this freaky Friday for Blade star Wesley Snipes to have his tax troubles legally erased?

Probably not.

I personally enjoy interesting intersections of randomly related occurrences, but most of the
time they are indeed just happenstance. And that's likely the case for Snipes.

So back to the facts, ma'am.

The
11th Circuit three-judge panel that heard oral arguments in
Snipes' case included film fan Judge
Stanley Marcus
. (Thanks, TaxProf for the tip, on the hearing and the judge's entertainment preferences.)

There's no word on whether Marcus enjoys Snipes' films in general or the Blade trilogy in particular. Neither do
we know what he thinks about all the Twilight mania.

Regardless, I'm sure Marcus' cinematic proclivities won't affect his legal judgment in any way.

Meanwhile,
a couple of other celebrities, and I use that word in the very loose
way that it's bandied about nowadays, also are facing some tough tax issues.

'Girls
Gone Wild' founder facing tax lien:
Unfortunately, I was wrong when I
announced in September that our tackiest national tax nightmare was almost over. It's not.

Joe
Francis, founder of the Girls Gone Wild video franchise, has been hit
with an IRS lien for the almost $34 million that the agency says he owes in unpaid taxes for 2001,
2002 and 2003.

On the criminal side of the tax charge, Francis earlier this year
worked out a plea deal for time served. But the tax money portion was
left to be worked out.

Some workout, eh, Joe?

'Dancing' star doing a tax tap dance:  A celeb with a more benign public persona also is in tax trouble.

Former
teen idol Aaron Carter, seen most recently on ABC's Dancing With The Stars, is facing a $1 million IRS lien.

Carter's
manager says the pop star's tax debt is the fault of a former
management team
. Carter, say his people, was "completely unaware" he
owed back taxes until he heard bout it in the media.

Looks like
in addition to getting a good tax attorney, the young Mr. Carter also
needs to revisit his current management team if they also were
oblivious to or just didn't tell him about his IRS obligations.

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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