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TAX FRAUD: PRISON TIME DOESN'T MEAN YOU'RE DONE
August 23, 2005
Iowa State University student-athlete Jason Berryman mugged a fellow student, leading to about a year in jail. Now he's back on the Iowa State football team and back on scholarship. Some say that because he spent time in jail, Mr. Berryman has paid his dues and we should let bygones be bygones.
The IRS is more vindictive. Kevin Morse, a Minnesota farmer, spent 18 months in prison for tax evasion and paid $61,700 in back taxes. Yesterday the Eighth Circuit Court of Appeals ruled that he also must pay civil tax fraud penalties equal to 75% of the tax deficiencies.
The Moral: Cyclone fans should be glad the IRS Commissioner isn't running the football team.
Link: Morse v. Commissioner
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