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The Irwin Schiff legacy

November 23, 2010

20101123-1.jpgDreamiscles are not just a sweet frozen treat. They are also little cherubic collectible figurines. The ceramic Dreamsicles made good money for their creators. Unfortunately, it appears they made unwise decisions in choosing their tax advisors. The Broward-Palm Beach New Times reports that Kristin Haynes and her husband fell in with the ideas of tax protest pied piper Irwin Schiff, failed to report their income, and fled to Honduras.

As Honduras has no extradition treaty with the U.S., things went along reasonably well under the circumstances until last June, reports the New Times:

On June 22, the pair flew from Honduras to Fort Lauderdale and were nabbed by federal agents as they went through customs at the airport. Eventually they cut plea deals and pleaded guilty to five counts of failing to file tax returns (for the years 1999 to 2003). Last Tuesday, November 16, a federal judge in Washington sentenced them to prison -- 40 months for him, two years for her. They've also been ordered to pay more than $800,000 in penalties, fines, and interest.

The article doesn't explain why the couple tried to reenter the U.S. Considering that Mr. Haynes apparently served time in the 1990s for tax evasion, they should have had no illusions about what was waiting for them.

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