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Still futile after all these years
March 12, 2010
I'd think twice about getting tax advice from somebody whose web site looked like this:
Yet people still came to Carel Prater to buy quack advice about using the "Section 861 argument" that U.S.-source income is nontaxable. The injunction pictured above said Mr. Prater wasn't supposed to do that, and this week Mr. Prater was convicted of "corrupt interference with the Internal Revenue Laws, aiding and assisting the filing of a false tax return, failure to file a tax return, criminal contempt, structuring transactions to avoid reporting requirements, and making false declarations before a grand jury."
The "Section 861" argument is the same one used by Wesley Snipes, leading to his failure-to-file conviction that he is currently appealing.
Prior Tax Update Coverage: YOU KNOW YOU'VE HAD A BAD DAY (II)...
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