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Revision as of 22:07, 7 October 2026

Invincible? The government extends special therapy to no one. Famous movie star Wesley Snipes was charged with Failure organizing Tax Returns from 1999 through 2004. Did he get away with it? No! Even with his fancy expensive lawyers, Wesley Snipes received the maximum penalty for not filing his tax returns - 36 months. A personal exemption reduces your taxable income so you end up paying lower taxes. You could be even luckier if the exemption brings you to be able to lower income tax bracket.

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