Tax Rebates & Refunds

US rapper Beanie Sigel pleads guilty to income tax charges

August 14, 2011
Posted in Fraud, Income Tax — Written by Chris

The rapper Beanie Sigel has pleaded guilty in a US District Court of failing to file income tax returns for a period of three years.

The 37-year-old, who has been in trouble with the law on previous occasions, admitted that between 2003 and 2005 he did not file income tax returns. The Internal Revenue Service (IRS) estimates that Sigel avoided paying as much as $348,000 during this period, as he made more than $1 million in income.

If Sigel is sentenced, he faces up to three years in prison. However, the length of his sentence depends on how much back tax he actually owes, an issue that has been disputed by both sides.

The Assistant US Attorney Paul Gray claims that Sigel owes taxes from before 2003, but the rapper cannot be charged for this period as the statute of limitations has expired. Legal representatives working for Sigel, on the other hand, assert that the actual amount owed is less than $300,000.

This case demonstrates the importance of promptly and accurately filing income tax returns, whether you do this yourself using professional advice or you appoint a tax expert to do it for you.

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