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161 charges filed by IRS, 0 Convictions

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Turambar

Junior Member
Has anyone heard about this case?

Summed up, an employer was paying his employees with legal tender gold and silver bullion. The employees when filling their income tax statements placed the face value amounts of the bullion coins they had received as their taxable income. They therefore paid no income tax due to the total taxable income level of the face value of the legal tender coins was below the reporting threshold set by the IRS.

Of 161 charges the IRS filed, there were 0 convictions!

Can anyone shed some additional insight on this issue?

Illinois
http://www.lvrj.com/news/9893062.htmlWhat is the name of your state?
 


Zigner

Senior Member, Non-Attorney
Has anyone heard about this case?

Summed up, an employer was paying his employees with legal tender gold and silver bullion. The employees when filling their income tax statements placed the face value amounts of the bullion coins they had received as their taxable income. They therefore paid no income tax due to the total taxable income level of the face value of the legal tender coins was below the reporting threshold set by the IRS.

Of 161 charges the IRS filed, there were 0 convictions!

Can anyone shed some additional insight on this issue?

Illinois
http://www.lvrj.com/news/9893062.htmlWhat is the name of your state?
What, exactly, are you asking?
 

LdiJ

Senior Member
Has anyone heard about this case?

Summed up, an employer was paying his employees with legal tender gold and silver bullion. The employees when filling their income tax statements placed the face value amounts of the bullion coins they had received as their taxable income. They therefore paid no income tax due to the total taxable income level of the face value of the legal tender coins was below the reporting threshold set by the IRS.

Of 161 charges the IRS filed, there were 0 convictions!

Can anyone shed some additional insight on this issue?

Illinois
http://www.lvrj.com/news/9893062.htmlWhat is the name of your state?
Its an interesting case and everyone should read it themselves. However, you summarized it very poorly. There may have been 161 charges, but they were 109 charges against one defendent, and the rest against 8 others. The jury also hung on most of the charges, only a couple of the defendents were truly acquitted.

Also, on the charges of which they were acquitted, it wasn't on the basis of being right about not owing tax (in fact their attorneys admitted that they owed tax) they were acquitted of having criminal intent.
 

seniorjudge

Senior Member
...

Also, on the charges of which they were acquitted, it wasn't on the basis of being right about not owing tax (in fact their attorneys admitted that they owed tax) they were acquitted of having criminal intent.

....


I'd say that's a big difference!
 

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