More tax troubles for Snipes

February 8, 2008

Geez, this guy’s becoming the tax collection poster child.

Wesley_snipes_blade_trinity
Both Newsday and the New York Post report that a $70,000 tax lien on one of Wesley Snipes’ properties in suburban New Jersey was sold at auction.

Snipes has two years to pay back the purchasing company, Crusader Lien Services of Jenkintown, Pa., or the firm can
initiate foreclosure proceedings.

The home is described as a sprawling, $8 million estate in Alpine, N.J. But don’t worry about Snipes sleeping on the street. Apparently he has other accommodations since it’s no longer his personal residence.

According to real estate records, the "Blade" actor sold it for $5.6 million in 2002 to his Nevada-based production company, Kymberlyte Production Services.

According to news reports, Bergen County court records show that Kymberlyte paid $46,722 in 2006 property taxes, but didn’t pay $17,969 in interest and penalties. The Bergen Record newspaper reported that the company also
failed to pay $49,139 in 2007 taxes.

Looks like Snipes’ attorneys and accountants will be adding to their billable hours.

This state property tax issue comes on the heels of Snipes’ conviction last week (blogged here) of three counts of not filing federal income tax returns. He is awaiting sentencing on the IRS charges.

Share:

The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic.

Tax Season 2026 Continues!

We made it. Tax Day 2025 is finally over. For most of us. When the filing season started on Jan. 26, millions who were expecting refunds filed immediately. Most of us got our returns to the Internal Revenue Service by April 15. But plenty of taxpayers also got extensions. They are looking at an Oct. 15 filing deadline.

Those procrastinating filers aren’t a problem. In fact, the IRS appreciates taxpayers who take time to fill out their 1040 forms correctly. It also is grateful that tax submissions are spread out a bit, especially now that the IRS is a leaner agency. Processing returns is easier when they arrive throughout the year instead of in massive bunches.

But enough about Uncle Sam’s tax collection issues. The focus now is on all y’all who filed for extensions, giving you another six months to complete your return. Since your new mid-October due date will be here before you know it, let’s get started now on meeting it.

The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Credits/Deductions

Disasters

Family

Filing and Paying Taxes

Politics/Laws

Refunds

State Taxes

Tax Brackets/Inflation

Tax Tips

Comments

Roth & Company, P.C.

18 years ago

WESLEY SNIPES SKIPS LOCAL TAXES TOO

From Don’t Mess With Taxes: Both Newsday and the New York Post report that a $70,000 tax lien on one…

Comments are closed.

More tax troubles for Snipes

Roth & Company, P.C.