Conrad Black Fined $71 million by IRS

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Former newspaper mogul Lord Conrad Black has been fined $71 million in back taxes, penalties and interest charges by the IRS after his conviction on fraud charges. Black is currently serving a 6 ½ year prison sentence in a federal penitentiary in Coleman, Florida. The unpaid taxes, penalties and interests are from the tax years 1998 to 2003. Black has filed a petition with the Tax Court April 15 to cancel the IRS assessment against him.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

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