Walt Anderson:

Criminal Tax Evader

$1/4 billion tax owed
before you count interest:
$1/2 billion with interest

Tangled Skein 200 http://tangledskein200.wordpress.com

March 2011
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 March 2011: Tax Court Decides $247.5 million
tax deficiency and penalties
Read the U.S. Tax Court decision here:
http://www.scribd.com/doc/51752499/Anderson-Tax-Court-Mar-7-2011

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 March 2011: Tax Court Decides $247.5 million
tax deficiency and penalties
Owed to IRS by Walt Anderson Read the U.S. Tax Court decision here:
http://www.scribd.com/doc/51752499/Anderson-Tax-Court-Mar-7-2011

http://federaltaxcrimes.blogspot.com/2011/02/walter-

anderson-fight-continues.html

“By decision document

dated 3/7/11, the Tax
Court determined
deficiencies and fraud
penalties (75%) in the
aggregate amount of
$247,482,114 for the
years 1998 and 1999 “
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$1/4 billion tax owed if you count interest
http://federaltaxcrimes.blogspot.com/2011/02/walter-anderson-fight-continues.html

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 Owed to IRS by Walt Anderson
$248,962,929 interest through 3/7/2011
+ $247,482,114 for the years 1998 and 1999
= $496,445,043 Owed to IRS
by Tax Evader Walt Anderson

$496,445,043 owed to IRS [includes interest to 3/2011]

+ $23,000,000 owed to D.C. [before interest]
= $519,445,043 owed by Anderson to USA and DC for tax
http://federaltaxcrimes.blogspot.com/2011/02/walter-anderson-fight-continues.html
Addendum on 3/30/11: By decision document dated 3/7/11, the Tax Court determined
deficiencies and fraud penalties (75%) in the aggregate amount of $247,482,114 for the years
1998 and 1999. Interest on those amounts would double it (my rough and ready interest
calculation shows aggregate interest on those amounts of $248,962,929 calculated through
3/7/11, and of course interest continues until paid

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What IF Anderson had cleaned up his tax position before 2000?

Anderson may have

been able to offset
some of his income
with business losses IF
he had decided to
come clean and accept
USA offer of tax
amnesty to offshore tax
evaders …

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 Anderson Bankruptcy of All Companies
In claiming he was somehow “exonerated” for criminal tax evasion 1995-
1997, Anderson neglected to mention in his press release that IRS would not
have bothered to litigate expansively for all years in part because all of Walt
Anderson’s companies have been declared bankrupt and there is little
practical opportunity for IRS to actually collect from litigation:
http://www.scribd.com/doc/31523847/Bankruptcy-Docket-05-00775-DOCKET-35-Pages-2010

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United States Department of Justice Documents

2007 Sentencing

2005 Indictment

“Over a five-year period, Walter Anderson

personally earned nearly a half billion dollars
through investments in business ventures he
conducted through offshore corporations he set
up to make it appear that he was not personally
earning these amounts. “

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 Walter Anderson Ranks Above Al Capone -
Investopedia

Investopedia’s 5
Famous Tax
Cheats ranks
Walter Anderson
above Al Capone

Walter Anderson
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 Walter Anderson in
“3 biggest tax evaders of all time”

Creditloan.com ranks Walter Anderson

among three largest all-time tax evaders
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 See Walt Anderson on Facebook
Facebook’s “12 Most Notorious Tax Evaders of
All-Time ranks Walter Anderson #1

www.facebook.com/note.php?note_id=252961764631
http://

Time Magazine’s account of the 2005 probe

http://www.time.com/time/specials/packages/article/0,28804,1891335_1891333
_1891331,00.html
according to the Washington Post
http://www.washingtonpost.com/ac2/wp-dyn/A5506-
2005Mar3?language=printer
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“Mr. Anderson’s fraud is a settled matter ...”
“ … Mr. Anderson’s fraud is a settled matter for
purposes of this tax deficiency suit.”
http://tangledskein200.wordpress.com/no-exoneration/

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 Where is Mr. Anderson’s Section 501
registration of “Smaller World Trust” ?

Anyone find a
Section 501
registration for
“Smaller World
Trust” charity?

IRS did not.

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 $1/2 billion Tax Liability Could Maybe Have
Settled for as little as $10 or $15 million
• From $184 million deficiency 1995-1999 owed
according to 2005 criminal indictment, perhaps
as little as $10 million net of business losses
might have been payable by Anderson in
settlement IF he’d paid on time or later negotiated
tax amnesty and repaired his tax filings and
business tax status.

$184 million 5 years’

years’ deficiency in earlier summary

• Now Anderson owes a combination of deficiency,

penalties and interest well in excess of $1/2
billion to USA and D.C. District.
http://tangledskein200.files.wordpress.com/2010/05/2010-tax-litigation-criminal-fraud-walt-anderson.jpg
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 $1/2 billion Tax Payments Owed
by Tax Evader Walt Anderson
$248,962,929 interest through 3/7/2011
+ $247,482,114 for the years 1998 and 1999
= $496,445,043 Owed to IRS
by Tax Evader Walt Anderson

$496,445,043 owed to IRS [includes interest to 3/2011]

+ $23,000,000 owed to D.C. [before interest]
= $519,445,043 owed by Anderson to USA and DC for tax

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