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‘Blade’ actor charged with tax fraud

October 17, 2006

Blade_dvd_cover Wesley Snipes, known for his role as the title character in the vampire-slayer series "Blade," is now facing off against the IRS, an agency that has itself been called bloodsucking.

On Tuesday, the U.S. Department of Justice office in Tampa, Fla., unsealed an eight-count indictment that charges Snipes and two Florida men with "conspiracy to defraud the Internal Revenue Service and presenting a fraudulent claim for payment."

Snipes also faces six counts of failing to file income tax returns.

If convicted, the men could get maximum prison sentences of five years for each of the false claim and conspiracy charges. Snipes could get another year on each failure-to-file charge.

You can read the full DoJ press release here. The indictment itself is, as expected, available at The Smoking Gun. And this TaxProf entry has links to the various mass media stories on the indictment, as well as a breakout of the $$$ Snipes earned from some of his more popular films.

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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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