Taxes, Tax Evasion | featured news

Actor Wesley Snipes was ordered Wednesday to voluntarily surrender at a federal prison in Pennsylvania next week to start his three-year sentence for failing to pay taxes.

Attorneys for Wesley Snipes are asking a judge to extend the actor's bail as he prepares for a possible appeal of his three-year prison sentence for a tax conviction.

Wesley Snipes was ordered on Friday to start serving a three-year prison sentence for a felony tax conviction after a Florida judge rejected his bid for a new trial.

A federal appeals court has denied actor Wesley Snipes' claim that his three-year prison sentence for tax evasion was "unreasonable."

Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it's simply somebody else's problem....

The Internal Revenue Service on Tuesday disclosed the criteria being used by the Swiss banking giant UBS to select names of American clients that will be turned over to the agency as part of a settlement of a tax evasion case.

Swiss bank UBS AG warned U.S. customers by registered mail their account details may be given to U.S. tax authorities, a method that could itself breach secrecy laws, a Swiss paper said on Sunday.

Faced with a Thursday midnight deadline to avoid possible prosecution, more than 7,500 Americans have come clean about secret foreign bank accounts, a senior IRS official said in an interview for broadcast tonight on "ABC World News with Charles Gibson."

Under an amnesty program, the IRS is allowing taxpayers to avoid prosecution for failing to report those accounts. Tax attorneys have been besieged by wealthy clients who are lining up to apply.

Wealthy U.S.

Wu-Tang Clan member Method Man has been taken into police custody on tax-evasion charges, the Advance has learned. Method Man -- whose real name is Clifford Smith -- is currently at the 120 Police Precinct stationhouse in St. George awaiting arraignment, according to a law-enforcement source.