Ron Isley, the musician, has apparently had his share of problems, including bankruptcies and a criminal tax prosecution. Recently, the Tax Court issued an interesting opinion dealing with the question whether back taxes that were the subject of a criminal tax prosecution can be reduced through an offer in compromise when the defendant cannot pay in full. Isley v. Comm’r, 2013 U.S. Tax Ct. LEXIS 31 (Nov. 6, 2013).
To provide the context, Isley was convicted for several counts of tax evasion and one count of willful failure to file a tax return in a case involving tax years 1997-2002. 2013 U.S.… Read More