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Al Capone — Part 32
Page 52
52 / 80
oe
REDUCE CAPONE
U.S. TAX DEBT
== T0 $220,980
A) Capone has egreed with the
a Sena
for the years 1924 te 1979, M@Mvalva.
An announcement was made here :
yesterday that special attorneys for bes
the treasury department and counsel oe
for the former oeer car have mgrect ce
to stipulations reducing the tax ‘
elaimed the government trom
are 042 to $220,989. pa
A Public hearing on Capone's appeal b
from the government levy eet for 40- y
morrow before Judge J. Ri
of the board of tax appeals was can. es
Instead Judge Leech will return
United Btates government that he| from Washington Monday,
OWeE-Fr70,F80 in disputed income
je government will then ask tha’
va Iemente t
: judgments be entered against Capone
and three other gangsters who agreed
to stipulation reductions last week.
By entering the stipulation agree
4 ments, Capone, through bis attorney,
Michael Ahern, admits only that he
owes # certain amount of money in
taxes. Collection of this judgment
must be made dy Collector of Internal
Revenue Carter Harrison,
It wax conceded by government of.
fictals that collection of the entire
Judgment might prove difficult, be-
cause gangsters rarely have visible
‘There are ens against Ca-
e" ity in his home at Miami,
pete te, It is said, would wipe
out only a smeIPETTEr his indebted.
ness, Agents of the investigating
unit of the internal revenue depart.
ment must ferret out his other assets,
the officials said.
‘The civil tax case against Capone
has been investigated since December
by Elden McFarland, special attorney
for the treasury department, and his
assistants, Joho E. Maraball 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 filegal interests, and subpena-
ing numeroug-hankglerks. It was
Delleved that Capone's counsel agrels
to the stipulation to avold, mot eniy
the expense of a lengthy hearing, bi
further revelations of the former
lord’s many Mega! activities,
‘The stipulation fixed Capone's net
income for the six years at $703,496,
and amount of taxes and penal-
tles at $220,980. Capone is tn Alco
traz prison, serving an 11 year sen-
tence for violation of the income inf
laws, Last week stipulations reducti
thelr totel tax claims from $2,251,698
to $529,062 were agreed to by Ralpit
Capon , Jack Gurlk, and James ¥
rondl. .
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