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Al Capone — Part 32
Page 52
52 / 80
. rs et
i
rete bebe:
i
orn
wom
TOW eet
robe. ‘
oe Lees
for the years 1924 te 197, W@lslve.
An announcement was made here
yesterday that special attorneys for
the treasury department and counsel
for the formet oeer crar have pgreed
to stipulations reducing the tax
oe a ge ee
bo
an)
ye
,
yo
i
we
U.S, TAX DEBT
-=10 $220, $80
Al Capone bas “ggreed “with the
celed,
claimed by the government “from
$522,042 to $220,980. | aa Co Mee
A public hearing on Capone's appeal | L,
from the government tevy wet for ¢e- i
morrow before Judge J. Russell Leech sence
of the board of tax appeals Was can-
Instead Judge Leech will return
United States government that he] som Washington Monday,
owes-#270,780 in disputed Income
eee
judgments be entered against Capone
and three other gangsters who agreed
to stipulation reductions last week.
By entering the stipulation agree-
ments, Capone, through his attorney,
Michael Ahern, admits only that he
owes @ certain amount of money tn
taxes. Collection of this judgment
must be made by Collector of Internal
Revenue Carter Harrison,
It was conceded by government of-
ficials that collection of the entire
Judgment might prove dificult, be-
cause gangsters rarely have visibie
fausets. There are Liens against Ca-
e's equity in his home at Miam!,
per Tis tale, it is said, would wipes
—
out only a smdi-pEereet his indebted-
ness, Agents of the investigating
unit of the internal revenue depart-
ment must ferret out his other assets,
the offclala said.
The civil tax case againet Capone
has been investigated gince December
by Eiden McFarland, special attorney
for the treasury department, and his
assistants, John E. Marshall and Bor-
nard E. Daniela.
They bad gone to great lengths,
obtaining depositions from 21 peraons
in Florida, impounding the books of
former Capone gambling houses and
other illega) interests, and subpena-
ing numercug-haniugierks. It was
e government will then ask tha
believed that Capone’s counsel agreh
to the stipulation to avoid, not ony.
the expense of a lengthy hearing, 6
further revelations af the former
lord’s many Dlege! activities.
The stipulation fired Capone’s net
income for the six years at $703,496,
and the amount of taxes and penal-
tes at $220,980. Capone is tn Alcax
tras prison, serving an 11 year sen-
tence for violation of the income t
laws, Last week stipulations reduc!
thelr total tax claims from $2.261,695
to $529,062 were agreed to by Ralph
Capone, Jack Guelk, and James \
Mondi. ,
1 : . ‘ soa H
severe teen th ewes nie eration
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