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To: OnRightOnLeftCoast
FNC's resident judge interviewed by Cavuto said it amounts to no time in jail and the IRS will have to sue Snipes to collect.

Both false.

He is facing 3 years in jail (convicted of 3 misdemeanors), and will probably get a good fraction of that if not all of it.

And the IRS can assess and collect the taxes without suing him; Snipes will have to sue in Tax Court if he wants to dispute the amount. (Penalties are mandatory for the 3 years he was convicted on, and the IRS can assess penalties for the other 3 years as well.)

25 posted on 02/01/2008 2:57:30 PM PST by Lurking Libertarian (Non sub homine, sed sub Deo et lege)
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To: Lurking Libertarian

He was somehow found not guilty of fraud, but he lost the tax case. For each year he owes the full amount plus 25%, plus 7% compounded per year. Probably $15-25 million. If he hasn’t moved all his assets out of the country, (which would re-introduce the fraud case), liens will be placed quickly on his properties. If he wasn’t a celebrity, his passport would be seized. In the end, he’ll claim racism and poverty, and have an attorney offer ten cents on the dollar.


35 posted on 02/01/2008 5:56:49 PM PST by T. Jefferson
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